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A growing number of Canadians are relying on financial support from family and using credit to cover unexpected housing expenses, new data from the Canada Mortgage and Housing Corporation (CMHC) reveals.
The 2025 Mortgage Consumer Survey, which gathered insights from nearly 4,000 homeowners nationwide, shows that first-time homebuyers are becoming more active in the market.
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They accounted for 12 percent of mortgage activity this year, up from 10 percent in 2024. Many of these buyers said their main reasons for purchasing were financial readiness and the chance to invest.
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