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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:1 o5 K/ c: {+ Z3 X
- p, @2 ~8 A2 ?2 ^+ R& O * 6% of Canadian households bought a home in 2009) j9 P3 J' n/ r. s: V
* 43% were first-time buyers (up from 36% in 2008)3 W/ C! r$ A# g. h9 d
* 35% of buyers were age 18-34
9 V, R5 D- l/ S. X# @ * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home
' |& X0 w- Z0 l t7 e5 b( j * 59% bought a larger home; 24% downsized
/ ?7 K6 i- ?0 S, i, X/ Z. W: k * 74% bought an existing home; 22% bought new construction
& ~9 s: J, K+ `) Y* t/ h * 55% purchased a single-detached home; 18% bought an apartment condo
- J/ s( B! g/ F * 5% of households intend to buy in 2010; 53% of those are renters: J: O) g; d! h+ a9 O) d
* 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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