Market watch: First-time buyers still a force

Four in 10 Canadians who plan to enter the housing market in the next two years are first-time buyers, according to a new poll. Forty per cent of buyers are predicted to be people new to the housing market, says the 20th Annual RBC Home Ownership Poll. Meanwhile, the majority of Canadians are taking a wait-and-see approach to home buying. Those likely to buy are down from 27% last year to 15% in 2013. This 12% drop is the biggest year-over-year fall in overall buying intention tracked by the annual poll. To read the full news release, click here.