RELYING ON THE BANK OF MOM AND DAD First-time buyers in Ontario are much more likely today to have someone two decades or more their senior on the title of their property – most likely a parent. The proportion buying with a partner or peer (someone within 20 years of their own age) has stayed largely the same over the past six years, while the percentage of those buying alone has dropped quite significantly.
Properties in Ontario with only one person on the title
Properties in Ontario with a second person (greater than a 20-year age gap) on the title
Properties in Ontario with a second person (less than a 20-year age gap) on the title
39.7% 49.9% 10.4%
38.8% 50.5% 10.8%
39.4% 49.4% 11.2%
39.5% 46.6% 11.9%
36.9% 49.7% 13.4%
33.9% 51.6% 14.5%
2013
2014
2015
2016
2017
2018 Source: Teranet
‌ AND ALL OTHER PROPERTIES
POOLING RESOURCES
Across all non-condo property types, the proportion of single owners has fallen at a similar rate to condos, dropping from 37% in 2012 to just over 30% in 2018. The number of buyers purchasing with a parent, meanwhile, has increased by 4.7%.
Condo buyers are more likely to go in on the purchase with a partner of a similar age than they were six years ago, while other property types seem exempt from this trend, displaying a more modest increase.
Non-condo properties in Ontario with only one person on the title
Non-condo properties in Ontario with a second person (less than a 20-year age gap) on the title
Non-condo properties in Ontario with a second person (greater than a 20-year age gap) on the title
60%
Condos with more than one similarly aged owner on the title 2012 33.4% 2018 37.1% 0%
40%
10%
20%
30%
40%
50%
60%
Non-condos with more than one similarly aged owner on the title 2012 53.2%
20%
2018 55.1% 0%
2012
2013
2014
2015
2016
2017
2018 Source: Teranet
0%
10%
20%
30%
40%
50%
60% Source: Teranet
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