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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:' f/ v* o" K$ S2 Y
: s, T2 m; h" R0 R * 6% of Canadian households bought a home in 2009
6 N/ n' t# f, D, P& n. ~ * 43% were first-time buyers (up from 36% in 2008): j+ |; C" b4 U3 i6 Z
* 35% of buyers were age 18-34: i2 A/ g5 S; r( ~" T+ O3 V
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home
. r* |7 U4 B! t6 I * 59% bought a larger home; 24% downsized
: V" Q$ x8 B. Z. ]. i, s * 74% bought an existing home; 22% bought new construction' w5 |; M( w0 G
* 55% purchased a single-detached home; 18% bought an apartment condo5 \( ^0 \ \3 E
* 5% of households intend to buy in 2010; 53% of those are renters
% u/ |' X& H" Z1 T R" \; A! g+ k * 42% of those intending to purchase plan to make a down payment of 20% or more.
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The report surveyed 5-10 metropolitan areas across the country. |
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