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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:" Q4 W" z; Q7 X! s, |6 @
! ~2 C4 I/ E: b" A7 j, [ * 6% of Canadian households bought a home in 2009, H2 K+ _) Z7 T& h1 w. s& @
* 43% were first-time buyers (up from 36% in 2008)
: Z$ m4 }& m' A8 A0 R! N( o% u7 F) ?! v * 35% of buyers were age 18-34
5 _, B* a9 v7 m) P * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home! r4 [' K: C1 s9 t' r# ?* D
* 59% bought a larger home; 24% downsized2 W `% l% O. Z
* 74% bought an existing home; 22% bought new construction
# ?) [% Z" i \& V6 N * 55% purchased a single-detached home; 18% bought an apartment condo
* P( _" H2 o- I. n * 5% of households intend to buy in 2010; 53% of those are renters
2 o) X0 c6 D: R! t6 v2 e% U * 42% of those intending to purchase plan to make a down payment of 20% or more.7 i, K7 }- `, K S1 y h' v
7 N+ ~+ {" K4 S; T- E# o" d, z3 KThe report surveyed 5-10 metropolitan areas across the country. |
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