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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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) |) u# z, ]- X/ f2 G% |" s * 6% of Canadian households bought a home in 2009
# e0 N% K I, X7 a6 }3 p! S * 43% were first-time buyers (up from 36% in 2008)
5 t# U4 V8 C' D# m* i& A * 35% of buyers were age 18-34. H4 T" ]" [8 a# U$ m/ g Y* `& d! N
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home# a$ z% h* F) Y: v2 M" H
* 59% bought a larger home; 24% downsized
( V) l/ x! Y5 I* E0 `0 H9 l * 74% bought an existing home; 22% bought new construction
- l" O6 u5 `* _8 H8 p3 E( l * 55% purchased a single-detached home; 18% bought an apartment condo
! g( |# ]3 t5 F# x * 5% of households intend to buy in 2010; 53% of those are renters, ^6 f" {- k5 I1 i
* 42% of those intending to purchase plan to make a down payment of 20% or more., |9 s1 V& T. v) H9 Y+ N. L5 l4 K- l
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The report surveyed 5-10 metropolitan areas across the country. |
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