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CMHC: 25th Edition of CMHC's Mortgage Consumer Survey
At a Glance
In 2025, more first-time home buyers entered the market and about 60% used mortgage loan insurance.
Renovation activity is growing, with 55% of homeowners doing renovations in the last 3 years.
Websites are still the top source for mortgage information, but social media use has nearly doubled, with YouTube becoming more popular than Facebook.
2025 Housing Market Trends
Canadas housing market is changing from more first-time homebuyers to a stronger focus on eco-friendly living.
This year, there was an increase in first-time homebuyers. Most of them said they decided to buy because they were financially ready. They had saved up their down payment, qualified for a mortgage and felt prepared to become homeowners. On average, it took homebuyers 3.4 years to save for a down payment, compared to 4.2 years the previous year. Gifted money provided homebuyers with an average of about $80,000 to help them purchase a home.
Renovations are gaining momentum. Over half of mortgage consumers completed upgrades within the last 3 years and 75% plan to renovate in the next 5 years (excluding those who dont know). Energy-efficient changes stand out due to high satisfaction levels (93%) and about 80% of homeowners reported saving money on energy bills.
Mortgage consumers are turning to new ways to gather information. While websites remain the top choice, social media usage has surged, nearly doubling compared to last year. YouTube has replaced Facebook as the most-used social platform for this purpose. Younger audiences and first-time homebuyers are leading this shift to explore digital channels for advice and insights.
https://www.cmhc-schl.gc.ca/blog/2025/a-fresh-look-at-canadas-mortgage-consumers
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BMO Survey: Personal Finance Concerns Rose Significantly Between March to April 2025
Survey shows concerns about inflation and their own financial situations increased by 16 points.
A special report from the BMO Real Financial Progress Index reveals Canadians concerns about their personal finances have surged amid increased economic uncertainty and market volatility.
The survey explored changes in Canadians concerns about their finances and current economic conditions between March and April 2025, and found:
Cost of living considerations: 78% reported growing concerns about the cost of living in April a 17-point increase from 61% in March.
Inflation concerns intensify Over three quarters (76%) say their concerns about inflation have increased a 16-point increase from 60%.
Temperature on tariffs: Concerns about the impact of US tariffs increased from 65% to 74%.
Rising recession risks: Canadians concerns about the prospect of economic recession increased from 60% to 74%.
Pulse on personal finances: Nearly three in five (58%) say they are more concerned about their financial situation a 16-point increase from the 42% in March.
In addition, nearly one quarter (24%) reported in April they are increasingly concerned about the prospect of losing their job.
Canadian consumer confidence recently plummeted to the lowest depths in at least six decades on fear that the trade war will cost people their jobs and undermine their financial security. However, sentiment improved modestly in April amid a partial de-escalation of the trade war. A more recent recovery in equity markets should support confidence further in May, said Sal Guatieri, Senior Economist, BMO. While BMO Economics is concerned about the economic impact of tariffs, we are less worried about the inflation outlook, as retaliatory tariffs on imports from the U.S. have been restrained. CPI inflation will likely hold close to the Bank of Canadas 2% target this year, paving the way for some further reductions in policy rates.
https://newsroom.bmo.com/2025-06-04-BMO-Survey-Personal-Finance-Concerns-Rose-Significantly-Between-March-to-April-2025
