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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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* t7 l& i2 p9 R0 p" g. C * 6% of Canadian households bought a home in 2009
, i% o, n) {8 ] * 43% were first-time buyers (up from 36% in 2008)& }/ B; a! o( {- m$ F
* 35% of buyers were age 18-34
- N8 {! g9 I6 s& k * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home) {; k- r+ Y4 c
* 59% bought a larger home; 24% downsized
" P) b, u) m/ ?* H$ j; ~& X5 H * 74% bought an existing home; 22% bought new construction
. v& U$ s6 }% ?% v5 i0 W, \' B) g * 55% purchased a single-detached home; 18% bought an apartment condo ]& ]+ T7 K' N. I- a
* 5% of households intend to buy in 2010; 53% of those are renters0 J8 ?; k1 s$ b2 e- 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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