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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:- D% ], J7 A: t( ^/ _
" J$ T7 K" |4 j$ O2 C7 I * 6% of Canadian households bought a home in 2009
8 P% c8 x1 T, @# Q7 Z- M/ B) e * 43% were first-time buyers (up from 36% in 2008)2 a3 P" D: b5 d2 L) m, W' s
* 35% of buyers were age 18-340 D0 K6 P0 H! V* x8 e9 E4 ^6 J
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home3 ?6 _' x) o4 p! Y
* 59% bought a larger home; 24% downsized
. b* n& S; q9 S L * 74% bought an existing home; 22% bought new construction6 c- M' ]3 J! a3 B+ w
* 55% purchased a single-detached home; 18% bought an apartment condo6 p$ I$ W, {0 K
* 5% of households intend to buy in 2010; 53% of those are renters J+ v" N# }( R" e
* 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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