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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:5 p7 A9 s1 F- g4 P$ w. d
* h v+ H8 R4 z4 h2 r7 P, M * 6% of Canadian households bought a home in 2009
9 G4 }, U/ e2 [& ] * 43% were first-time buyers (up from 36% in 2008)6 ~3 i6 j4 h& @, M
* 35% of buyers were age 18-34
. E* P x9 H' c* f6 G * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home1 N: D# R- w/ ^- p$ F& W0 Q6 `
* 59% bought a larger home; 24% downsized
" u4 O5 }) s) q$ B * 74% bought an existing home; 22% bought new construction, J6 d/ }3 h$ h" @. w
* 55% purchased a single-detached home; 18% bought an apartment condo* l3 c/ C- G4 v7 u. F, S
* 5% of households intend to buy in 2010; 53% of those are renters
9 U: A8 a# N+ i* R * 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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