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About 1 in 100 Households Buys a Newly-Built Home Each Year

About 5% of all Canadian households measured by the National Household Survey purchased a newly-built home in the preceding 5 years - which translates into about 1% per year

  • About 5% of all Canadian households measured by the National Household Survey purchased a newly-built home in the preceding 5 years - which translates into about 1% per year (Chart).
  • Looking at all home sales (existing and newly-built), about 4% of all households bought a home each year during the same period - which means that newly-built homes accounted for about one-quarter of all home sales.
  • New homebuying rates are higher in the younger age groups, when first-time buying activity is more prevalent, then decline with age. Among seniors, only 4 out of every 1000 households is active in the new home market each year. 

Source: Based on Altus Group Housing Report, March 2015. For additional information, please contact Patricia Arsenault.

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