Over 600,000 Canadians homes were sold between 2013 and 2015, almost half were bought by first-time buyers
CAAMP’s spring 2015 survey provides a unique profile of Canadian first -time home buyers –
“First time home buyers are significant drivers of the current housing market; making up 45 per cent of the 620,000 homes sold in the past 27 months. While 18 per cent of their downpayments are still coming from the bank of mom and dad, 53 per cent are using their own or their co-buyers ’personal savings. A Profile of Home Buying in Canada, the latest consumer survey report released today by the Canadian Association of Accredited Mortgage Professionals (CAAMP), offers a unique look at first-time buyers in Canada.”
“There is intense interest in the Canadian housing market, especially from first-time buyers, ”said Jim Murphy, AMP, President and CEO of CAAMP. “CAAMP’s spring report focuses specifically on this group and we can say with confidence that first-time home buyers are some of the most engaged, enthusiastic and well-researched groups in the market.”
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