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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:* W0 O0 H+ O! f2 [
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* 6% of Canadian households bought a home in 2009( n, R Z8 p% s7 ^! \
* 43% were first-time buyers (up from 36% in 2008) M& U. Z: k4 \) x, L% W. X
* 35% of buyers were age 18-34
; o h- w8 z" m6 o, _2 \; @ * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home
6 q8 [ d1 I* u- m * 59% bought a larger home; 24% downsized
+ L! V) O' s8 f" j# K * 74% bought an existing home; 22% bought new construction
6 d }4 N% o6 g! H7 O' Y- n/ [- X+ n * 55% purchased a single-detached home; 18% bought an apartment condo% y: ]( c* e' T/ D
* 5% of households intend to buy in 2010; 53% of those are renters
" L# e' u" A* f7 b- z5 z% p5 J, o * 42% of those intending to purchase plan to make a down payment of 20% or more.
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9 G' @) W2 K/ H6 dThe report surveyed 5-10 metropolitan areas across the country. |
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