70% of new homebuyers needed down payment help: study

Kuntal Khasnobish
Monday, July 21, 2025
70% of new homebuyers needed down payment help: study

A majority of recent homebuyers say they couldn’t have purchased their home without help covering the down payment, according to new research from Mortgage Professionals Canada.

Among buyers in the past two years, 70 per cent say they couldn’t have bought their home without financial support. 

The findings highlight a housing affordability system under pressure, as more Canadians turn to family gifts, loans and other outside support to enter the market.

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