Canadians are showing unprecedented determination to secure homeownership in 2025, according to a recent survey by real estate watchdog Wahi.
The “Homebuyer Intentions Survey” reveals that Canadians are working harder and cutting back on expenses more than ever to achieve their dream of owning a home. The survey highlights a significant uptick in commitment compared to 2024, with Canadians taking a variety of steps to make homeownership a reality.
Key Findings: 2024 vs. 2025 Commitment Strategies
- Cutting back daily expenses: 45% in 2024 → 52% in 2025
- Changing investment strategies: 21% in 2024 → 31% in 2025
- Increasing work hours: 21% in 2024 → 30% in 2025
- Launching a side gig: 8% in 2024 → 10% in 2025
As the real estate market evolves, Canadians are adjusting their expectations to align with rising housing costs:
- 73% are considering moving to different neighbourhoods than initially planned.
- 57% are exploring different home styles than they originally desired.
- 55% are willing to live farther from amenities like schools, transit, and shopping.
Millennials are emerging as a major force in the real estate market, with 23% of Millennial respondents stating they plan to buy a home in 2025.
On a national scale, about 17% of Canadians—roughly one in five—are ready to commit to a down payment this year, underscoring a strong sense of optimism and determination despite ongoing economic challenges.
For more details about the survey and its insights, visit Wahi’s official website.