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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:
* R: J; N. H, M& L1 H5 e9 [9 h7 N
9 y7 U. t5 r& X) ^ ? * 6% of Canadian households bought a home in 2009( T/ C% k* L2 z9 g3 F" n6 T7 J, M
* 43% were first-time buyers (up from 36% in 2008)4 ~, s5 I- ]8 M$ X7 L0 W
* 35% of buyers were age 18-34
& `1 P& ^4 A0 m$ W' B5 X * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home6 R4 a1 z9 Q. _2 V4 c5 e M
* 59% bought a larger home; 24% downsized& O& t( W2 k) h- b9 @5 z: n
* 74% bought an existing home; 22% bought new construction" G: k( O* a8 h2 c4 q2 h
* 55% purchased a single-detached home; 18% bought an apartment condo
" f* ~, `) u9 k0 m' K9 Z * 5% of households intend to buy in 2010; 53% of those are renters6 A; M6 F; _+ E' y Q
* 42% of those intending to purchase plan to make a down payment of 20% or more.
* G- q% G6 c0 ?) {4 E, h' d1 ^1 j% ]# b
The report surveyed 5-10 metropolitan areas across the country. |
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