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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:, |; d4 m5 H9 Y8 z$ y
: P' f0 t1 @* B4 m8 b- E * 6% of Canadian households bought a home in 20090 P% U$ D1 d' z+ l+ P0 q
* 43% were first-time buyers (up from 36% in 2008)
$ H" `4 D% i, Q1 S5 t0 b" H' ^ * 35% of buyers were age 18-344 j) F7 i) k; ^; }, U& M5 z4 M
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home4 X$ E% U$ _5 G' \! G3 w: D
* 59% bought a larger home; 24% downsized
& C; \7 z- b. ^" K2 U * 74% bought an existing home; 22% bought new construction. F. [& K. Q" |+ S6 R
* 55% purchased a single-detached home; 18% bought an apartment condo7 b% {2 @& G1 O D0 {! `
* 5% of households intend to buy in 2010; 53% of those are renters& P. V9 i/ a; z) L" G
* 42% of those intending to purchase plan to make a down payment of 20% or more.
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, j, \9 C9 `$ G( _0 L0 v/ ]The report surveyed 5-10 metropolitan areas across the country. |
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