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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:3 ]% |% d: U1 x* \
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* 6% of Canadian households bought a home in 2009' P1 {, I- s. G
* 43% were first-time buyers (up from 36% in 2008); ^/ M" O( V, M: ], D2 [
* 35% of buyers were age 18-34
6 I# A5 z: ]* l6 h * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home
# o2 z5 K! L- `6 ~# A# `5 H' G/ T * 59% bought a larger home; 24% downsized' G7 a% n4 U4 O4 X) t( `' d
* 74% bought an existing home; 22% bought new construction$ K U# h5 C4 O, c. n" u
* 55% purchased a single-detached home; 18% bought an apartment condo
* E( o- I2 u8 k! @7 U* n3 i" m * 5% of households intend to buy in 2010; 53% of those are renters% H7 |* D* I/ l4 Z4 J L
* 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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