(Source: BIV)

The proportion of first-time home buyers in the B.C.’s residential real estate market is dwindling, according to a study by Ipsos-Reid.

Currently, about 29% of home buyers are first-time buyers, down from 38% in the first half of 2009.

Rapid recovery of housing prices, particularly in Metro Vancouver, is again pushing first-time buyers out of the market, rather than any decline in interest.

Read the full article “First-time home buyers shrinking portion of market: Ipsos-Reid” in BIV (March 16, 2010).

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