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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:( |5 A- p6 m; p, {8 C) X' `; w4 y
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* 6% of Canadian households bought a home in 20094 q" s8 V! W: S
* 43% were first-time buyers (up from 36% in 2008)
% s6 p1 A& E" z" { * 35% of buyers were age 18-34
S/ n* r8 T% P0 d * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home; k' K4 {! N1 {. K
* 59% bought a larger home; 24% downsized
& v0 C6 O E, t, W5 X! w7 G9 D5 T * 74% bought an existing home; 22% bought new construction0 y" P( G e* e9 G
* 55% purchased a single-detached home; 18% bought an apartment condo, M" P3 a, u4 V3 d# c* D
* 5% of households intend to buy in 2010; 53% of those are renters/ D) U9 B& s+ T8 l4 h7 |3 T
* 42% of those intending to purchase plan to make a down payment of 20% or more.5 c. `: k: Z& |2 S7 r o
* C2 h, D8 ^3 L# l! J
The report surveyed 5-10 metropolitan areas across the country. |
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