BY THE NUMBERS

Statistics about first-time home buyers according to a June 2015 report from the Canadian Association of Accredited Mortgage Professionals:

22.7

Average amortization period, in years

70%

Proportion of firsttime home buyers who are between the ages of 25 and 34

49%

Proportion of firsttime home buyers who have a household income under $80,000

31%

Proportion who have household incomes over $100,000

$314,371

Average price paid by first-time home buyer

$67,060

Average down payment

18%

Proportion, on average, of the down payment that’s funded by family

82%

Proportion of buyers who said they had “significant” or “a great deal” of employment security