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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:
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* 6% of Canadian households bought a home in 20099 U X/ B* v1 R i
* 43% were first-time buyers (up from 36% in 2008)
" Y! u' U* E/ G * 35% of buyers were age 18-34
, O+ n* ^3 W7 E; K9 a# Y4 } * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home
# b0 `8 a \, Z$ K * 59% bought a larger home; 24% downsized9 P/ A" s1 T3 E8 C7 X, e0 H9 C
* 74% bought an existing home; 22% bought new construction, |9 n6 q+ B, U" g2 t
* 55% purchased a single-detached home; 18% bought an apartment condo
, l* {! j0 w2 N/ f+ Z4 _* j * 5% of households intend to buy in 2010; 53% of those are renters; @' [+ E1 `2 d
* 42% of those intending to purchase plan to make a down payment of 20% or more.
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) a4 p1 [2 S5 i" ~The report surveyed 5-10 metropolitan areas across the country. |
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