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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:: p/ s3 d/ {" |$ l
# y2 i: a$ C" _/ A( _2 q * 6% of Canadian households bought a home in 20092 \1 r* r9 }+ ?4 w+ U2 K
* 43% were first-time buyers (up from 36% in 2008), D1 s' L, o2 Q0 ]' ?, N
* 35% of buyers were age 18-348 R; _% ?6 d7 b5 U7 e7 S, s( F
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home
2 u" n' M" q9 h * 59% bought a larger home; 24% downsized
, b) {4 B A, @" R: }$ H1 Q/ a * 74% bought an existing home; 22% bought new construction& X) @$ g; T' a" l7 o
* 55% purchased a single-detached home; 18% bought an apartment condo2 y3 I. q9 P6 a- R
* 5% of households intend to buy in 2010; 53% of those are renters( s. r1 n4 U* r. T
* 42% of those intending to purchase plan to make a down payment of 20% or more.& m% R, k7 Z3 [2 ]3 J" Z* Y+ a
. }+ [! e$ m' }5 ]! nThe report surveyed 5-10 metropolitan areas across the country. |
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