The Harris Poll Canada, commissioned by Scotiabank, shows more than half of Canadians planning to buy their first home within the next five years believe doing so is currently out of reach.
Approximately 62% of potential first-time homebuyers cited the current economic climate as a factor that has negatively impacted their finances and delayed their purchase plans.
Other top concerns include affordability (56%), followed by uncertainty about the future (47%) and fear of making the wrong decision (43%).
At the same time, nearly half of potential first-time homebuyers said their mortgage decision was influenced by concerns about job security, compared with 28 per cent of other Canadians.
About 92 per cent of first-time homebuyers surveyed said they found the home-buying process confusing, compared with 68 per cent of Canadians overall.
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Consumer Confidence First-time Home Buyers Harris Poll Scotiabank Scotiabank Housing Poll
Last modified: December 4, 2025
