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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:
& ?# c3 ?$ z6 |# Y+ G( b" ?, E
9 F. c- N4 k+ K. Z * 6% of Canadian households bought a home in 2009* t5 ]* S9 K2 n
* 43% were first-time buyers (up from 36% in 2008)3 F$ k N/ T# l( X& a2 E, D) s8 u
* 35% of buyers were age 18-34, D; l9 \1 ?0 y, B
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home( s+ W- A6 j! Z
* 59% bought a larger home; 24% downsized/ W' r$ f7 M% G" {+ |+ {# c
* 74% bought an existing home; 22% bought new construction8 o8 X# M4 f' w+ f" x8 q
* 55% purchased a single-detached home; 18% bought an apartment condo. C, ]8 H# g5 T% o; ^
* 5% of households intend to buy in 2010; 53% of those are renters
% T( ^" ~, |! X. n8 Y* W3 W; E! u' e * 42% of those intending to purchase plan to make a down payment of 20% or more.# j3 ]" ^( s* |+ e6 c
0 p( ~+ {2 n6 yThe report surveyed 5-10 metropolitan areas across the country. |
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