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First Time Home Buyers – Trends, Choices, and the Rise of Single Women Homeowners

Home > Gerard's Mortgage Insights > First Time Home Buyers – Trends, Choices, and the Rise of Single Women Homeowners

First Time Home Buyers – Trends, Choices, and the Rise of Single Women Homeowners

Posted on March 29, 2025 by Gerard Buckley
0

The Ontario real estate landscape is evolving and women aged 25 to 55 are at the forefront of this exciting transformation. Whether you’re a first-time buyer or looking to invest, understanding current trends can help you to make informed decisions. Let’s dive into how homebuyers are navigating choices between resale and new builds, detached homes versus townhouses, and the rising influence of single women in the market.  

 

Resale vs. New Builds: Making the Right Choice for You

Deciding between a charming resale home and a pristine new build is a common dilemma. While brand-new builds often give more peace of mind to buyers, First Time Homebuyers may enter the market more easily with a resale that is in need of updating. Here are some key points to consider when choosing:  

 

Resale Homes:

  • Character and Location: Older homes often boast unique architectural details and are situated in established neighbourhoods with mature trees and amenities.  
  • Negotiation Opportunities: There’s often more room for price negotiation, especially in a buyer’s market.  
  • Price-in Improvements: Inspections have become a usable tool for Buyers once again, meaning that current issues or aged parts of a house can be factored in when making an offer.

 

New Builds:

  • Modern Amenities: Enjoy the latest designs, energy-efficient appliances, and customizable features.  
  • Lower Maintenance: Everything is brand new, which means fewer immediate repairs and maintenance concerns.  

 

In 2025, townhouses and row houses are on the rise, accounting for 10% of home purchases (up from 8% in 2024)—a trend driven by affordability and modern living spaces.

 

Detached Homes vs. Townhouses: Weighing Your Options

Your lifestyle and future plans play a significant role in choosing between a detached home and a townhouse. Detached homes tend to offer more space and privacy – something that should be factored in if you’re planning on raising a family or if you don’t always want to be bumping into your neighbours. Detached homes also tend to appreciate in value well, generally faster than their attached counterparts.

Townhouses and semis should not be overlooked, however, especially for a first-timer. They are often more budget-friendly and can be more attainable when putting together a down payment. They also offer a sense of community and may even have shared amenities, which can be nice if you’re looking to develop a relationship with your neighbours. Remember – a first home is rarely a forever home, and you can learn a lot from owning in a tight-knit neighbourhood.

 

The Demographics of First-Time Home Buying Trends

Single Women: A Rising Force in Real Estate

Gone are the days when homeownership was predominantly linked to marriage. Single women are making significant strides in the real estate market. In 2025, single female buyers represent 20% of recent homebuyers in the Greater Toronto Area, up from 18% in 2024. With an average age of 56 and a household income of $72,000, single women are prioritizing homeownership as a means of investment and personal security. Many are opting for homes around 1,550 sq ft, balancing space with manageable maintenance.  

Women aren’t the only ones reshaping the housing market, though! Here’s how single men and couples are approaching homeownership:  

 

Single Men:

Unlike their female counterparts, many single men opt for condos and townhouses due to convenience, lower maintenance, and urban accessibility. First-time male buyers often view their purchase as a stepping stone toward larger investments in the future.  

Unmarried Couples:

With 86% choosing detached homes, unmarried couples are prioritizing space and long-term value.  More couples in this category are signing legal agreements outlining financial contributions and exit strategies before buying together. Better safe than sorry!

Married Couples:

Still dominating the market, married couples remain the largest segment of first-time buyers, often choosing larger homes in suburban and family-friendly areas. Higher combined incomes allow for larger down payments, often leading to detached homes or new builds.  

 

In all relationship categories, millennials are particularly shaping the landscape, accounting for 54% of first-time homebuyers in 2025, demonstrating a strong demand for modern, functional homes.

 

The Takeaway

The real estate market in 2025 offers a plethora of opportunities for women, men, and couples ready to take the plunge into homeownership. By staying informed and confident, you can navigate the choices between resale and new builds, detached homes and townhouses, and join the growing number of first-time buyers making their mark in real estate.  

Your dream home is out there, and with the right knowledge and resources, it’s within your reach. To speak with someone on our team about how best to start your homeownership journey, click here. Happy house hunting! 🏠🔑  

 

_________________________________________________________________________

 

Sources:

 

[Love, Life, and Listings: How Relationships Influence GTA Home Buying in 2025](https://darylking.ca/gta-home-buying-relationships-2025/]

[How Millennials Are Reshaping Canada’s Real Estate Market in 2025](https://sandysmallbone.com/Blog.html/how-millenials-are-reshaping-canadas-real-estate-market-in-2025-8406197] 

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