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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) p# ^8 S. r, s2 E2 D6 A$ ]6 L
* 43% were first-time buyers (up from 36% in 2008)/ e4 @+ H) R- y) ]: X( h
* 35% of buyers were age 18-34/ ]$ m" y$ Z8 Z& C* t& }/ t6 z/ W
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home
/ S8 ]: A9 h7 b% f4 a( u8 @1 l2 b * 59% bought a larger home; 24% downsized6 j& e$ ^, u! v7 a: i' E
* 74% bought an existing home; 22% bought new construction
; Z* V. \+ b+ k% {1 K. W$ ~ * 55% purchased a single-detached home; 18% bought an apartment condo
( W. d2 e/ x! O' l# U" ] * 5% of households intend to buy in 2010; 53% of those are renters
7 O' U$ y. x3 F$ D6 g * 42% of those intending to purchase plan to make a down payment of 20% or more.
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The report surveyed 5-10 metropolitan areas across the country. |
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