First-Time Homebuyers in Canada, 2018
Release date: January 15, 2020
Description: First-Time Homebuyers in Canada, 2018
First-Time Homebuyers in Canada, 2018
Across Canada, 9% of households (1.3 million out of 14.8 million) bought their first home in the last five years.
Province or territory | Percentage of households |
---|---|
Newfoundland and Labrador | 7.1 |
Prince Edward Island | 9.4 |
Nova Scotia | 7.2 |
New Brunswick | 7.2 |
Quebec | 8.2 |
Ontario | 8.9 |
Manitoba | 8.9 |
Saskatchewan | 10.8 |
Alberta | 12.1 |
British Columbia | 9.2 |
Yukon | 10.3 |
Northwest Territories | 8.1 |
Nunavut | 3.6 |
Top 3 reasonsFootnote 1 first-time homebuyers moved
Percentage of households | |
---|---|
To become homeowners | 66.2 |
To upgrade to a larger dwelling or a better quality dwelling | 25.7 |
To form own household | 25.6 |
First-time homebuyers in different housing marketsFootnote 2
Selected household characteristics | Canada | Toronto CMAFootnote 3 | Montréal CMAFootnote 3 | Vancouver CMAFootnote 3 |
---|---|---|---|---|
Percentage of households | ||||
Are less than 35 years of ageFootnote 4 | 50.6 | 41.2 | 47.6 | 48.2 |
Are familiesFootnote 5 | 74.1 | 75.5 | 72.1 | 69.8 |
Bought a single-detached house | 52.9 | 26.4 | 38.1 | 21.4 |
Sources: Canadian Housing Survey 2018. Data for Northwest Territories come from the 2019 NWT Community Survey.
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