Mortgage Blog
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2025 CMHC Report Reveals Surprising Shifts in First-Time Homebuyer Trends
June 11, 2025 | Posted by: Angela Robinson
According to the Canadian Mortgage and Housing Corporation’s 2025 Mortgage Consumer Survey:• Extended Renting Period: On average, first-time homebuyers rented for 6.3 years before purchasing their first home.
• Maxed-Out Budgets: A significant 65% of these buyers spent the maximum they could afford on their homes.
• Shared Purchases: Over half (54%) of first-time buyers purchased their homes with someone other than a partner or spouse, indicating a rise in co-buying arrangements.
• Secondary Suites Appeal: One in five first-time buyers cited the desire for a home with a secondary suite—either for family use or rental income—as a key reason for their purchase.
Whether you're buying solo, with a friend, or planning for a suite—we're here to help you finance it. Call 780 701 3888 or email marc@albertamortgagepros.ca ????
???? Let Alberta Mortgage Professionals guide you through your first (or next!) home purchase with expert, personalized mortgage advice.
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