1 in 3 Canadians say down payments are blocking homeownership

1 in 3 Canadians say down payments are blocking homeownership

TORONTO and MONTREAL, May 06, 2025 (GLOBE NEWSWIRE) -- As rent prices outpace inflation and wages lag, one-in-three (32%) Canadians say saving for a down payment is the biggest barrier keeping them out of the housing market, according to a…

Homebuyers in Canada 'losing motivation' amid possible recession

Rising concerns about Canada plunging into a recession are deterring prospective homebuyers, according to a new report.

Recession fears put Canadians' homebuying plans on hold, says BMO survey

Recession worries have Canadian pushing pause on buying a home, a Bank of Montreal survey finds. Find out more here

New survey shows many Atlantic Canadians struggling to buy first home

Nearly half of homeowners needed help from family to buy their first home: BMO survey

As the Canadian dream of homeownership becomes increasingly elusive, nearly half of homeowners (43 per cent) say they couldn’t have purchased their first home without financial help from family, according to a new BMO survey.  The findings highlight a growing reliance on the so-called “Bank of Mom and Dad,” with 27 per cent of Canadians expecting support from parents or grandparents. Among those anticipating assistance, 6 per cent say they’ll ne…

BMO Survey: Rising Recession Concerns Among Canadians Sidelining Prospective Homebuyers - PressReach

Half believe owning a home is less attainable than in 2024. 43% of homeowners say they could not have purchased their home without family assistance. TORONTO, May 5, 2025 /CNW/ – The latest BMO Real Financial Progress Index reveals that while over two thirds (67%) of homebuyers are waiting for interest rates to drop before purchasing a home – a 5% decrease from 2024 – experts say many more Canadians may take a “wait and see” approach as concerns…