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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:8 V- ~6 r4 s, U, K" `; t
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* 6% of Canadian households bought a home in 2009
0 l5 H$ g. l/ i# t0 |$ V5 j * 43% were first-time buyers (up from 36% in 2008)
8 y0 }, G5 Z' }2 D4 b9 b * 35% of buyers were age 18-347 ]9 m* T3 v) s: h4 n
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home# K+ [( m1 S# L+ U
* 59% bought a larger home; 24% downsized% \! ^2 J0 C$ ~$ n
* 74% bought an existing home; 22% bought new construction
3 z, J# @5 T* p; I, c9 X0 l8 k2 H; f * 55% purchased a single-detached home; 18% bought an apartment condo
) d% U7 t! I& `: U6 |% h * 5% of households intend to buy in 2010; 53% of those are renters
, h+ d4 ^- M D4 ~7 Z7 a * 42% of those intending to purchase plan to make a down payment of 20% or more.6 } s. F7 \; i" X7 B9 }1 `% o
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The report surveyed 5-10 metropolitan areas across the country. |
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