Newcomer Canadians Eager to Join Homeownership Journey

Most newcomers to Canada prioritize homeownership, but fewer than one in three currently own a home. Key barriers include saving for a down payment (61%), securing stable employment (50%), and building Canadian credit (27%). Many use rent-to-own programs or alternative credit assessments to overcome challenges. Homeownership rates rise with time, reaching 45% after five to ten years. Ontario attracts nearly half of newcomers initially.