Are Canadian Renters Finally Ready to Buy a Home? A New Survey Says Yes—But There’s a Catch

A new Royal LePage survey sheds light on the aspirations of Canadian renters buying a home—and the roadblocks still standing in their way.

According to the report, 54% of renters across Canada say they plan to buy a home in the future. That’s a strong signal of intent—but actual movement in the market is still slow.

Here’s what the survey revealed:

  • 28% of renters are actively working toward homeownership

  • 16% plan to buy within the next 2 years

  • 21% expect to purchase within 2 to 5 years

So why are most renters still on the sidelines?

Top barriers holding renters back:

  • 40% are waiting for home prices to drop

  • 29% are hoping for lower interest rates

  • 28% are renting to save for a down payment

  • 20% are waiting to see what happens with the US/CAN tariffs

While challenges like affordability and lending restrictions remain—especially in cities like Toronto and Vancouver—market conditions are evolving.

✅ Home prices have declined from recent highs
✅ Interest rates are showing signs of easing
✅ Incomes are rising in several provinces

As Royal LePage’s CEO put it:

“The window of opportunity may be narrower than it appears, and strategic buyers are beginning to move.”

Should You Keep Renting or Start Planning to Buy?

If you’re one of the many Canadian renters looking to buy a home, now may be the time to create a plan—before affordability conditions change again.

Whether you need guidance in exploring non-traditional options like rent-to-own, we’re here to help you take the next step.

See if you prequalify and book a call so we can start mapping out your path to homeownership.