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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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4 z/ B# J6 _% U/ U+ _ * 6% of Canadian households bought a home in 2009
" }, o( f, q% m6 U } * 43% were first-time buyers (up from 36% in 2008)( v( q$ i- P3 f, G2 ^- i
* 35% of buyers were age 18-34# f' c, `2 D, H/ _% o1 Q8 u" P
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home
2 {1 K' F7 F2 _# @ * 59% bought a larger home; 24% downsized/ p, ?2 n" h9 C/ _5 K
* 74% bought an existing home; 22% bought new construction
" R5 P( l- D1 X" s k * 55% purchased a single-detached home; 18% bought an apartment condo" T7 |- X+ E6 H. r
* 5% of households intend to buy in 2010; 53% of those are renters
; _2 c4 K& o4 S * 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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