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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
) A; S. D) o. I* U/ X * 43% were first-time buyers (up from 36% in 2008)* ]& f# T- W1 H: d" E3 F5 k+ f; L* o
* 35% of buyers were age 18-34* X# T4 c6 Z' ^
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home
8 i# x1 `' [2 M) ?- L * 59% bought a larger home; 24% downsized
0 P1 f' N9 c, U) S' S& k * 74% bought an existing home; 22% bought new construction
+ H: a* C* `; v* u4 v( Z$ U * 55% purchased a single-detached home; 18% bought an apartment condo
+ o2 _! H% `, h; V& ] * 5% of households intend to buy in 2010; 53% of those are renters% b+ ^- S( J2 x9 F9 N8 Q h7 n' [
* 42% of those intending to purchase plan to make a down payment of 20% or more.' O& F6 l# o, R& N7 ^) V) p. i, j, Z' P
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The report surveyed 5-10 metropolitan areas across the country. |
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