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Canadian first-time buyers hesitate despite lower prices and rates, with only 13% planning to buy soon.
First-time homebuyers in Canada show renewed interest in homeownership due to lower prices and declining interest rates, yet most are delaying purchases despite favorable conditions.
A Royal LePage survey reveals only 13% plan to buy within two years, with many taking time to research and adjust expectations by considering smaller homes or locations farther from city centers.
While 53% aim for a 20% down payment, 39% need mortgage insurance, and family financial support is common.
Condo markets are cooling amid rising inventories and investor strain.
In contrast, UK buyers are acting faster, with the median time from browsing to purchase dropping to 5.8 months in 2024–2025, driven by improved readiness and shifting market conditions.
Los compradores canadienses que compran por primera vez dudan a pesar de los precios y tarifas más bajos, con solo el 13% planeando comprar pronto.