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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:7 W7 d/ [ M6 L Y& l2 r/ K' H8 [
) D- f% p3 M6 O5 @$ u- ^% {0 X * 6% of Canadian households bought a home in 2009
+ U9 c# j9 v/ L* ` * 43% were first-time buyers (up from 36% in 2008)
& ?( i: n+ u; `. }, e; f: k; n * 35% of buyers were age 18-34* p+ |( x Z8 `* d/ o Q
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home
# D5 d9 O- i: `6 {, u9 |: W2 o7 D * 59% bought a larger home; 24% downsized& T, p7 _/ B# f
* 74% bought an existing home; 22% bought new construction
, {# f" r% m! l ^9 i * 55% purchased a single-detached home; 18% bought an apartment condo0 a* c0 ?$ s" i2 n6 Y& O
* 5% of households intend to buy in 2010; 53% of those are renters
, {2 s- F& o: d1 t * 42% of those intending to purchase plan to make a down payment of 20% or more.
% J% s# J3 y9 l- k. [1 N
& c2 \9 ~- G/ u) T) b+ }The report surveyed 5-10 metropolitan areas across the country. |
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