A Royal LePage survey of Canadian home buying intent of people aged 25 to 35 shows a quarter bought during the pandemic. The survey found 25% of respondents had purchased a home after March 15, 2020, by mid-February 2021. Another 16% plan on buying in the next 12 months, and 14% between one and two years from now. The largest segment of people in this age bracket came in at 39%, who plan on buying in two to five years. The pandemic’s acceleration of adopting work from home most likely had a large role to play here.

Canadian Home Buying Intent (25-35)

The home buying intent of Canadians aged 25 to 35, who don’t already own a home.

About a third said home buying is on their radar in the near future. Those who said it would take longer than five years came in at 16% of respondents. Another 8% said they don’t plan to buy a home, and 8% weren’t sure what their plans were.

Working remote a top priority for young adults

It’s no surprise that remote work is a top priority for almost two-thirds of people in this age range. At the national level, 63% of people said it was either very or somewhat important to be able to work from home. Toronto is over-represented at 72% of people who feel it’s important. Vancouver was also over-represented at 68%, and Montreal followed closely at 67% of people. 

Has your living or work situation changed over the past year? If so, how has it changed?