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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:5 {+ n/ y, _ O4 C: V! T" i, t
% r3 B8 [; g# o% p; y) K4 z' t) N * 6% of Canadian households bought a home in 20092 S. m k; U8 k0 {' f
* 43% were first-time buyers (up from 36% in 2008)8 q# U3 d- n; _5 Z& Y) B- ?+ D1 E
* 35% of buyers were age 18-34% I- ?+ x# w0 [+ v: Z$ \# U: }
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home$ z( E4 ` H- U# @: E2 ?( b
* 59% bought a larger home; 24% downsized
5 Y0 ?; J. P$ ?2 p& |' G; Z * 74% bought an existing home; 22% bought new construction
/ Q8 \. t& k3 i; | * 55% purchased a single-detached home; 18% bought an apartment condo, c( i% ]1 ^2 L3 @2 c0 N; `) M
* 5% of households intend to buy in 2010; 53% of those are renters- [# x/ _0 T4 y
* 42% of those intending to purchase plan to make a down payment of 20% or more.
6 H7 L1 F' a( w% T: J, o7 G, r6 x' z+ }( Z) k: g
The report surveyed 5-10 metropolitan areas across the country. |
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