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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:
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* 6% of Canadian households bought a home in 2009
* \3 d. y* @4 I( z5 x4 d" ?1 b H * 43% were first-time buyers (up from 36% in 2008)9 z; h1 T& `# C! c
* 35% of buyers were age 18-34
1 Z, F7 w& |! t4 f" s6 ^. T) t * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home+ j; J: {1 I9 f0 C4 _, q2 d
* 59% bought a larger home; 24% downsized
; P& Y: [9 ^! B# U* R9 a# p * 74% bought an existing home; 22% bought new construction
. |' ?5 v4 g4 `+ V# G. S5 m * 55% purchased a single-detached home; 18% bought an apartment condo
. |# ?* s0 \* r * 5% of households intend to buy in 2010; 53% of those are renters* L* D7 f, p, [. e6 q
* 42% of those intending to purchase plan to make a down payment of 20% or more.3 M( f( C; F( i. L: V8 t! @! c' u
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The report surveyed 5-10 metropolitan areas across the country. |
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