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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:1 @( z# |3 r* O- f0 f1 S7 c/ U$ |
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* 6% of Canadian households bought a home in 2009! Z; L2 l& J/ T2 ]
* 43% were first-time buyers (up from 36% in 2008)6 N! P( b6 [7 ~
* 35% of buyers were age 18-34) j. p: a* w% K+ y
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home
( [! t3 ^: `5 j * 59% bought a larger home; 24% downsized
4 i5 M) {8 L1 _/ K1 N5 \! e& W * 74% bought an existing home; 22% bought new construction
5 F' q( ]6 W4 k, Y * 55% purchased a single-detached home; 18% bought an apartment condo! R4 a( q, _* t. B* U
* 5% of households intend to buy in 2010; 53% of those are renters# P: Y2 P& |% w- S I& J
* 42% of those intending to purchase plan to make a down payment of 20% or more.3 a- Y1 \7 z* N o4 L
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The report surveyed 5-10 metropolitan areas across the country. |
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