Royal LePage: 13% of Canadians Plan First Home Purchase Within Two Years as Market Conditions Improve

Overview

• Royal LePage/Burson survey finds 13% of Canadian adults preparing to buy a first home within two years, with 82% of them targeting a 12–24 month window.
• Ontario shows stronger near‑term intent, as 15% of adults there plan a first purchase within the next two years.
• More than half of prospective buyers plan down payments of at least 20%, while 39% expect to purchase with less than 20% down using mortgage insurance.
• Forty‑one percent anticipate financial assistance from family or friends, underscoring ongoing affordability constraints.
• Detached homes lead preferences at 49%, move‑in‑ready condition is the top non‑price priority, and 36% of agents report higher first‑time buyer activity this year with 25% seeing no change.