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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:, S' r3 z2 U5 v ?$ S- M# z: n
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* 6% of Canadian households bought a home in 2009
/ g8 J* ]; c! M8 } * 43% were first-time buyers (up from 36% in 2008)
0 D; l7 Z! Z. {+ a- B * 35% of buyers were age 18-342 f+ l7 ~8 j, j: V
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home
. y2 v/ F% ~) {2 s1 X8 l7 F * 59% bought a larger home; 24% downsized
: E) {3 ?2 p/ {( a * 74% bought an existing home; 22% bought new construction, R, {/ @3 G- E3 o. G
* 55% purchased a single-detached home; 18% bought an apartment condo! p0 ~7 y# p+ g
* 5% of households intend to buy in 2010; 53% of those are renters
/ @; D' F2 l/ G7 B3 t3 W * 42% of those intending to purchase plan to make a down payment of 20% or more.6 X6 F& a8 {9 H
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The report surveyed 5-10 metropolitan areas across the country. |
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