RE/MAX realtor Rick Dimock claims the new breeds of first-time homebuyers across Canada are becoming older and more comfortable in their career.
 
“I’m finding that the first-time buyers are a little older now than what they used to be,” Dimock, who’s been in the business since 1983, was quoted as saying by Durham Region. “They are getting their careers established.”
 
Dimock also said he observed that the new participants of Canada’s real estate investing scene are turning towards online research before putting in offers. New potential homeowners are making sure they learn what they can about the market prior to sealing a deal, he said.
 
One of these new homebuyers is Lisa Terech, who spoke to Durham Region. She said that she already knew the type of home she is looking for, particularly within the streets of Oshawa.  
 
“It’s been a year and a half of basically waiting for the right house to come up,” she was quoted as saying.
 
She was with a stable job prior to purchasing her first home.  
Dimock suggests that buyers should know what they can afford before they start looking and get a pre-approval immediately.
 
"If the rates happen to go up within that 90-day period, they're protected," he said.
 

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate


More market watch: