A new survey reveals that for many younger Canadians, the push to buy a home feels almost as strong as traditional expectations to get married, or have children. According to Wahi’s 2025 Homebuying Pressure Point Survey, 59% of Gen Z and 55% of Millennials say societal norms are a big factor in their decision to buy. In contrast, Gen X (33%) and Baby Boomers (27%) are more likely to be motivated by personal goals. 
This pressure leaves many first-time buyers worried about getting ‘left behind’. Even when they might not feel financially ready
A Shifting Market
After years of soaring prices, the average Canadian home price has dropped by nearly $150,000 between February 2022 and July 2025. Some experts now call it a ‘buyers’ market’ especially for condos, where supply is high and urgency is low.
Interest rates have also improved, falling from 5% to the current 2.75%, which give buyers more breathing room. While big cities like Vancouver and Toronto are still expensive, prices are more stable than in past years. However, in provinces like Saskatchewan and Manitoba, tighter supply is still driving prices up.
Should You Buy Now?
Many first-time buyers feel pressure to act quickly, but experts caution against a ‘now or never’ mindset. With today’s conditions, buyers actually have more time to explore their options. While affordability challenges remain, particularly in Canada’s largest markets, the current environment allows potential homeowners to plan carefully rather than rush.
Guidance You Can Trust
At Client First Mortgage Solutions, co-owners, Steve D’Souza and Nathan Isherwood are here to answer all of your mortgage questions. If you’re a first-time homebuyer, we can help you understand your options to make a decision that works for your future.
Original Article: www.canadianmortgagetrends.com and www.cbc.ca/news
