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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:; [/ L* [( E4 `' ], j, c
$ C3 V) X! n% S( l/ \3 ?5 e/ X * 6% of Canadian households bought a home in 2009
* P% L, n' S! v * 43% were first-time buyers (up from 36% in 2008)/ c0 [2 E t& Y M& d. {
* 35% of buyers were age 18-34! f7 I p2 i0 c6 r! }3 |& X3 E
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home' v" _. T+ M& X
* 59% bought a larger home; 24% downsized( t1 y. c; ^% o, F
* 74% bought an existing home; 22% bought new construction
! q. G4 ~/ s" O( u * 55% purchased a single-detached home; 18% bought an apartment condo
" _, \* z$ F7 G * 5% of households intend to buy in 2010; 53% of those are renters" P; L5 l( E+ v7 [3 ^) P
* 42% of those intending to purchase plan to make a down payment of 20% or more., i+ w2 H3 b6 U! R# Q9 N* ]5 Y
6 ]4 C. m; m- O7 X' M4 b$ ~, @7 Q
The report surveyed 5-10 metropolitan areas across the country. |
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