23, Business Analyst, 58K – FHSA Asset Allocation & Home Buying Timeline

Hey everyone,

I’m 23, fresh out of uni, working as a business analyst (58K salary, will be increase to 61-62k boss said in the next month) at an insurance company with great benefits:

• Retirement savings: 4% deducted, employer adds 7% (total 11%).
• Company stock plan: 2% deducted, employer adds 1%. (stock went 120% in the last 5 years)
• Investments: $400–800/month into FHSA depending on expenses but bare minimum is 400$

Quick maths, I save ~20% after tax just with company benefits and my parents would help with a down payment(probably 50% of it), but they won't give me actual advice of when to and how to buy.

When should I buy a home? Apparently timing the market is wrong, so I should just buy when I feel ready but it's such a vague statement. Average age of first time buyers is 36 years old but that seems old? With your experience, what would you do in my situation. I'm mainly looking at asset allocation and when I should buy