What do First-Time Homebuyers Look Like in 2015?

CMHC released their annual First-Time Homebuyers Survey today, outlining the buying patterns and profiles of first-time homebuyers in Canada in 2015. It’s also Financial Literacy Month, and understanding how first-time buyers are purchasing homes, can help us get a better picture of the housing market across Canada. “For many Canadians, buying their first home is the single, largest purchase they have ever made.” says Nathalie Fredette, Vice-President, Client Relationship Management. “Our aim is to provide mortgage brokers, lenders and other industry professionals with valuable information and useful tools so they can better guide their clients through this major life event.” “CMHC’s survey results reiterate the…