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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:0 [( L* G4 I2 [$ u' x9 Z
0 Q' G3 e J. D, f * 6% of Canadian households bought a home in 2009; ?& O$ E, `0 V$ G# }
* 43% were first-time buyers (up from 36% in 2008)
, B: M- R( M8 @4 _& m/ [ * 35% of buyers were age 18-349 S) r9 t( m2 R5 g# j3 h5 V
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home
( W8 t, Q a5 l, W * 59% bought a larger home; 24% downsized
5 Y; T1 w/ o2 z" q* u. b/ f: ~4 E * 74% bought an existing home; 22% bought new construction. j. A$ T# y. a7 e( S m+ s
* 55% purchased a single-detached home; 18% bought an apartment condo( s9 V9 u& u/ U' R% c5 B; R
* 5% of households intend to buy in 2010; 53% of those are renters
( X" `/ X+ p' ` @% K * 42% of those intending to purchase plan to make a down payment of 20% or more.
% _+ u7 T5 w. y0 \4 E
! R8 _: k/ Q8 U7 g+ w3 q/ _The report surveyed 5-10 metropolitan areas across the country. |
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