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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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3 R, y$ Z0 t/ C, N * 6% of Canadian households bought a home in 2009
8 K: i2 h; |& b5 o * 43% were first-time buyers (up from 36% in 2008)
! [) H, E3 |7 l: b9 |0 F$ e6 _- `$ f' } * 35% of buyers were age 18-34% P- d1 P- I7 G! i" f% y% G1 Q4 C
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home
2 {$ D- y( E, P' k! f9 O * 59% bought a larger home; 24% downsized' b* {/ L" k) y6 N; J. G( p2 Y
* 74% bought an existing home; 22% bought new construction
" o, g7 S3 r3 ?7 Q T; e% Z; m: g! | * 55% purchased a single-detached home; 18% bought an apartment condo$ Y% t$ e9 c4 t3 Q+ r& O
* 5% of households intend to buy in 2010; 53% of those are renters
* R5 k6 a9 u8 m$ V5 w+ r5 }( _ * 42% of those intending to purchase plan to make a down payment of 20% or more.
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3 W0 h }; j cThe report surveyed 5-10 metropolitan areas across the country. |
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