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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" S3 [5 s5 `- f$ D7 p
* 43% were first-time buyers (up from 36% in 2008)6 w2 D. h" S7 C" t' ]
* 35% of buyers were age 18-34
, [" B8 _9 ~4 |1 M% p0 ^, i% n * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home0 D% b# f& h0 O5 r' S* f! X
* 59% bought a larger home; 24% downsized
1 `; j# D5 I5 l% o# D: C4 ^; v* T * 74% bought an existing home; 22% bought new construction
/ R7 J0 R3 R7 H5 C * 55% purchased a single-detached home; 18% bought an apartment condo* J$ y" U. N: X' I5 w0 K8 v
* 5% of households intend to buy in 2010; 53% of those are renters/ c8 D% p- ]- |! b; X# D
* 42% of those intending to purchase plan to make a down payment of 20% or more.
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, P3 Z& } I& rThe report surveyed 5-10 metropolitan areas across the country. |
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