Read next: First-time buyers in Canada – are they moving back to the sidelines?
The survey also highlights a different approach among first-time buyers with household incomes between $100,000 and $150,000. Nearly half of this group opts to delay their purchase to find a home that meets all their criteria, showing less willingness to compromise on living space and location compared to other income brackets.
Despite the wait, this demographic reports the highest levels of satisfaction with their home purchases at 85%.
Houseful’s findings underscore the diverse considerations and strategies first-time homebuyers in Canada employ. With the mission to empower confident home-owning decisions, Houseful provides tools and support to navigate the complex market.
“As homebuyers make one of the most important decisions of their lives, they need the right support to navigate an overwhelming market with confidence. By equipping first-time homebuyers with an expert toolkit, we can help them take the first step into homeownership,” Starns said.
