The REALTORS® Confidence Index, based on approximately 3,000 random responses each month, provides insight on home buyer characteristics. An analysis of buyers by age shows the differences between age groups.
- Sixty percent of buyers aged 34 and under previously lived in a rental unit, compared to 34 percent of buyers aged 35 to 55.

- Buyers aged 34 and under have shown to make relatively low downpayments compared to buyers aged 56 and older, who typically put over 20 percent towards their downpayment.

- Buyers aged 34 and under are generally first time buyers. In contrast, buyers aged 35 and older typically buy homes for relocation purposes due to a job change, or for “other” reasons—typically moving from one home to another as personal and family circumstances change.
