• 13% of Canadian adults are working towards their first residential property purchase within the next two years; a majority of them plan to buy in the next 12 to 24 months.
• More than half (53%) of first-time buyers plan to put at least 20% down on their purchase; while 39% will not and will therefore need to buy mortgage insurance.
• 41% of first-time buyers say they will receive financial assistance from family or friends, while 51% will not.
• Single-family detached properties remain the most popular housing type among first-time buyers.
• Finding a home that is move-in ready is the most important non-price related factor for first-time buyers, according to Royal LePage professionals across the country.

Our "Under the Hood" Look at the Oakville Numbers