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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:
- v& a; I% V2 [0 V7 a X! T; W$ F) f# M# I
* 6% of Canadian households bought a home in 2009) e, C; W1 n& ?9 F
* 43% were first-time buyers (up from 36% in 2008)" X& G9 x9 `' G$ b0 `) y! W4 v# e3 T
* 35% of buyers were age 18-342 c7 J/ F1 h6 o3 t, N! M
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home8 W9 X* E# b9 _" T, |
* 59% bought a larger home; 24% downsized" }9 X' u2 D9 |, x
* 74% bought an existing home; 22% bought new construction
; I$ @) H( T c2 _' D. h# a, @ * 55% purchased a single-detached home; 18% bought an apartment condo
4 u. g% D2 K. ~- Y. N * 5% of households intend to buy in 2010; 53% of those are renters
* a! B, Q. R+ S" F0 ] * 42% of those intending to purchase plan to make a down payment of 20% or more.2 G! s$ S) d/ l! J
- e; h* M {7 r. CThe report surveyed 5-10 metropolitan areas across the country. |
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