Percentage of first-time buyers who rented for 10+ years before buying a home increased from 22% in 2018 to 31% in 2019. Read more in our Mortgage Consumer Survey.
CMHC Purchase can help open the doors to homeownership. It enables homebuyers to buy a home with a minimum down payment of 5% from flexible sources. These sources include savings, the sale of a property or a gift from a relative.
Download our CMHC Purchase Fact Sheet (PDF).