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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:, e: V! h; @) Y# k0 k5 y
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* 6% of Canadian households bought a home in 2009
+ s! \$ I, z& F$ H' H * 43% were first-time buyers (up from 36% in 2008)
U3 G- m2 h" z- k * 35% of buyers were age 18-34/ g& C" U+ M/ e% C! T
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home% \3 Q9 T: u' L7 N
* 59% bought a larger home; 24% downsized' A h' T6 J! V. c1 H% k8 \
* 74% bought an existing home; 22% bought new construction. l2 v9 o D8 w8 _/ D& f& r0 n
* 55% purchased a single-detached home; 18% bought an apartment condo, l" C8 v2 F" P) d# C( j# @8 J$ ?
* 5% of households intend to buy in 2010; 53% of those are renters1 k% \/ ]: g8 M2 \9 T
* 42% of those intending to purchase plan to make a down payment of 20% or more.
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0 b/ T2 N3 N( U: U# d$ O! eThe report surveyed 5-10 metropolitan areas across the country. |
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