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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
, @) } C- |3 t, c- B/ [ * 43% were first-time buyers (up from 36% in 2008)
! J+ k) p z2 r) U, x* o; E * 35% of buyers were age 18-34
- V6 T, o m6 \! [1 u4 R: g * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home Q# p. Y6 e& p
* 59% bought a larger home; 24% downsized
4 B7 L8 }( J/ g. H5 ~ * 74% bought an existing home; 22% bought new construction
) M$ W( R" Z7 v * 55% purchased a single-detached home; 18% bought an apartment condo8 o: [( y3 l4 Q' m
* 5% of households intend to buy in 2010; 53% of those are renters
$ r: V; P, X r- O * 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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