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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/ I) _, _' I; T D
* 43% were first-time buyers (up from 36% in 2008)2 j( q# a" D' b, }. I3 M
* 35% of buyers were age 18-348 g7 ]0 f% b; t P3 k
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home3 x) J! E% ~ z5 a4 D6 ]
* 59% bought a larger home; 24% downsized
3 F( q1 X3 J! R4 Y4 |0 r * 74% bought an existing home; 22% bought new construction
* l$ z- t8 D! C$ N * 55% purchased a single-detached home; 18% bought an apartment condo
4 [& n( b8 Z* O$ X. J * 5% of households intend to buy in 2010; 53% of those are renters2 Q! a# t0 B# [( F
* 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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