First-time homebuyers in Canada earn 13% to 36% more than median households, highlighting widespread housing affordability issues beyond expensive regions like B.C. In B.C., first-time buyers earn 35.9% more, followed by Nova Scotia at 27.3%. Income gaps have grown sharply since 2021, limiting market access to higher earners and reducing housing market liquidity and economic activity. Only Yukon showed slight improvement but remains unaffordable.