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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
9 n: V0 Q/ M3 j; E% Z, B1 K * 43% were first-time buyers (up from 36% in 2008)
$ n! F1 R1 E7 g8 N& A; H. ] K( o) l * 35% of buyers were age 18-34
: L* p! A, z, |# c# k2 _ * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home
) B, k' Y, `* t/ p: m1 | * 59% bought a larger home; 24% downsized
9 ~4 Q" Z# S1 u. K" H; F * 74% bought an existing home; 22% bought new construction
5 c2 C8 V, y8 O. N * 55% purchased a single-detached home; 18% bought an apartment condo, D) S1 d2 o2 B0 i+ Z
* 5% of households intend to buy in 2010; 53% of those are renters' X, L+ A# U ]) }! i7 t1 m9 m2 Z
* 42% of those intending to purchase plan to make a down payment of 20% or more., \6 N. H) Q- P" ] D m8 `$ E x
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The report surveyed 5-10 metropolitan areas across the country. |
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