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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:/ i; e! |9 Y) ^2 }$ r
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* 6% of Canadian households bought a home in 2009, d3 C N. p& l) S6 u
* 43% were first-time buyers (up from 36% in 2008)
; s9 y# ]% S7 J5 ?/ l * 35% of buyers were age 18-34$ ^, _- `7 q7 D# y- E3 j+ V
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home
! R$ b) j- o' g9 \% {1 @! h" n% p0 n * 59% bought a larger home; 24% downsized
, U" Y, K! k/ i# @/ x4 d0 P* u * 74% bought an existing home; 22% bought new construction6 E% i' v7 N6 N% P: d0 k4 w
* 55% purchased a single-detached home; 18% bought an apartment condo* a. M' V. R3 N
* 5% of households intend to buy in 2010; 53% of those are renters
1 U/ t' n# x& e5 x' D% u; A * 42% of those intending to purchase plan to make a down payment of 20% or more.8 l3 l) b% ]! p0 F) |
8 D# y2 c3 W: N/ V0 L, \$ ?$ f" lThe report surveyed 5-10 metropolitan areas across the country. |
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