The importance of First Time Buyers in Real Estate

First-time-Home-Buyers-Mortgage If you've ever wondered how vital first-time buyers are to the real estate market, here's the answer.

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.

“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..."