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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:
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* 6% of Canadian households bought a home in 2009$ u; g5 `3 `* o" Q0 v' d
* 43% were first-time buyers (up from 36% in 2008), X; b4 D$ w4 d
* 35% of buyers were age 18-34
7 h: @2 ~ f2 }, P5 G * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home7 J* f* G7 [( [* a2 n2 F; Z1 \# R4 m E
* 59% bought a larger home; 24% downsized
* H/ X( Z. ^5 c5 w. Z* i3 u# n * 74% bought an existing home; 22% bought new construction
/ |6 j. {" V. G: ? * 55% purchased a single-detached home; 18% bought an apartment condo, H2 r* L8 `! E) P4 \
* 5% of households intend to buy in 2010; 53% of those are renters
, @& P0 A* w( T( a; S, p* _6 r5 E, l" l * 42% of those intending to purchase plan to make a down payment of 20% or more.
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$ y& q9 ?/ C1 d6 ?The report surveyed 5-10 metropolitan areas across the country. |
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