08:25 AM EDT, 09/25/2025 (MT Newswires) -- 13% of Canadian adults are working towards their first residential property purchase within the next two years, with a majority of them planning to buy in the next 12 to 24 months, according to a Royal LePage survey released on Thursday.

More than half (53%) of first-time buyers plan to put at least 20% down on their purchase, while 39% won't and will, as such, need to buy mortgage insurance, noted Royal LePage.

41% of first-time buyers say they will receive financial assistance from family or friends, while 51% won't.

Single-family detached properties remain the most popular housing type among first-time buyers, added Royal LePage.