One-third of Canadians plan to purchase a house or condo within the next two years, however, affordability concerns are rising. According to RBC’s Spring Home Ownership Poll, an estimated 44 per cent constantly worry about the cost to achieve this dream—up from 37 per cent in 2025.

The online survey of 1,719 Canadians, aged 18 to 64, was conducted between January 7 and January 25, 2026. Among those planning to buy their first home, 62 per cent feel closer to their goal and 71 per cent have a savings plan in place, with an average of $110,339 saved. Seven-in-10 are aiming to use the tax-free First Home Savings Account (FHSA).

“Despite a complex and uncertain market, Canadians still aspire to home ownership and the perception of financial independence that comes with it,” says Janet Boyle, Senior Vice President of Home Equity Finance, RBC. “What’s changed is that many buyers’ mindsets have shifted from the fear of missing out to concern about making the right move at the right time.”

The majority of respondents are ready to buy but don’t feel their finances are in order. To save, many will continue living with their parents, delay having children or pursue side hustles.

Next-time buyers eye move to suburbs

The majority of current owners looking to buy their next home see this as good investment. About 75 per cent are willing to move to the suburbs or a rural area to obtain a larger home and more space, while 42 per cent expect to buy sooner because of lower interest rates.

Although rising costs are a concern, 38 per cent are using lower interest rates to pay down their principal and 29 per cent are paying off their mortgage faster than expected.

“There is a lot of cautious optimism amongst our clients these days” says Brad Evjen, senior mortgage specialist at RBC. “While you can’t time the market, you can make educated decisions. Considering cash flow, debt management strategies and future goals all factor into buying or owning a home.”