The Altus Group's "FIRM Residential Mortgage Survey" shows first-time home buyers accounted for about half of all homes sold in Canada in the last two years. That's more than a quarter million sales each year.
Read more at www.canadianmortgagetrends.com
“First-time buyers make the home-sales world go around," states the report. They play "an important role as buyers in the newly built market and also in purchasing existing homes..."