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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: m8 g0 X* Y; p3 l8 f. g; @
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* 6% of Canadian households bought a home in 2009
: o7 e5 c4 v, f. y& I * 43% were first-time buyers (up from 36% in 2008)
2 l5 g* g; n9 i3 o- n * 35% of buyers were age 18-34+ D$ V ^7 ?- b4 Q: F; g
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home
- x) `- R# F3 w( x0 c * 59% bought a larger home; 24% downsized& q ~ d* Y8 d2 ~
* 74% bought an existing home; 22% bought new construction
, x8 Q4 {8 @& o/ A! X- c * 55% purchased a single-detached home; 18% bought an apartment condo8 B( ^6 N: g, P
* 5% of households intend to buy in 2010; 53% of those are renters. W& a* a) u! f; E+ D, I
* 42% of those intending to purchase plan to make a down payment of 20% or more.
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The report surveyed 5-10 metropolitan areas across the country. |
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