Toronto (GTA) Real Estate

According to the survey, 36 per cent of first-time homebuyers in the GTA say they received a lump sum payment from parents or relatives to purchase a home. About 29 per cent said they received financial help with their monthly mortgage payments.

Forty-four per cent of first-time homebuyers in the GTA said the financial assistance they received was a gift.

About 29 per cent of first-time homebuyers in the GTA said they purchased a home in a different neighbourhood or region than they had originally planned due to affordability issues and 37 per cent said they purchased a smaller home than they had planned.