Facts On Home Buyers

Here’s some fresh data from CMHC’s newly-released Renovation and Home Purchase Report:

6% of Canadian households bought a home in 2009
43% were first-time buyers (up from 36% in 2008)
35% of buyers were age 18-34
66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home
59% bought a larger home; 24% downsized
74% bought an existing home; 22% bought new construction
55% purchased a single-detached home; 18% bought an apartment condo
5% of households intend to buy in 2010; 53% of those are renters
42% of those intending to purchase, plan to make a down payment of 20% or more.
The report surveyed 5-10 metropolitan areas across the country.

Support the Flemingdon Park Food Bank

Hundreds of people will join hands for the Friends of Flemingdon Food Bank Charity Walk to raise money to assist the Flemingdon Community Food Bank.
On Sunday, June 13th 2010, a coalition of community organisations, agencies, faith communities, local businesses, politicians and concerned residents will be coming together with a shared goal: to assist the Food Bank in becoming sustainable once again so that no individual, child or family is deprived of their basic right to food.
The food bank is one of the largest in the city- serving 200 families a week. The Food Bank was initially run by the Red Cross. When they left the community, the Anglican Ministry ran the Food Bank from the Don Mills Plaza. It recently moved to 10 Gateway Boulevard, located at the corner of Don Mills Road and Gateway Boulevard. A coalition of Muslim organizations and Christian churches have since formed the new corporation known as the Flemingdon Community Food Bank.

Date: Sunday, June 13, 2010

Time: 12:00 p.m. registration, 1:00 p.m. opening kickoff followed by a 2.5 kilometer walk through the Flemingdon Park Neighborhood.
Rain or Shine

Location: Flemingdon Park (western field’s hydro land)
747 Don Mills Road