The First-Time Buyer Is Now 40 Years Old
About this episode
This episode discusses the changing demographics and behaviors of first-time homebuyers in Ontario and across Canada.
The average first-time homebuyer in Ontario is now 40 years old, according to Teranet's Q1 2026 Market Insights report. At the same time, first-time buyers became the most active buyer segment in Ontario, while multi-property owners fell from first place to third. In this episode, we use Ontario as the case study, then widen the lens nationally. Bank of Canada data shows first-time buyers have generally accounted for about half of mortgaged home purchases in Canada since 2014. CMHC's 2026 Mortgage Consumer Survey shows first-time buyers are renting longer before buying, relying on co-signers, and still getting help from family gifts. CREA's latest national resale data shows a market thawing, but not booming. This is not just an Ontario affordability story. It is a national buyer-quality story. TORONTO MULTIPLEX EVENT Try it NordVPN risk-free now with a 30-day money-back guarantee! Use our code "realestate" to get 4 extras months from a 2 years plan Exchange-Traded Funds (ETFs) | BMO Global Asset Management LISTEN AD FREE See omnystudio.com/listener for privacy information.
People in this episode
Hosts: Daniel Foch, Nick Hill
Topics covered
- first-time homebuyers
- real estate market
- mortgage trends
- affordability
- national buyer quality
Keywords
- first-time buyer
- Ontario
- mortgage
- real estate
- affordability
- Canada
- housing market
Sponsors
NordVPN
Mentioned in this episode
Organizations: Teranet, Bank of Canada, CMHC, CREA, BMO Global Asset Management
Products: NordVPN, Exchange-Traded Funds (ETFs)
Places: Ontario, Canada
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