Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: 7 n0 l, A+ F3 ^" ^7 ]& S0 \: R# j7 b3 `" @8 R
* 6% of Canadian households bought a home in 2009) ^* h. a- ^; ]& P: Y
* 43% were first-time buyers (up from 36% in 2008)# h4 d( r4 j- u
* 35% of buyers were age 18-34& n& m/ l2 t- U6 {' d
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 0 `# d8 S) B. b1 f * 59% bought a larger home; 24% downsized+ g( {5 T5 t* U" r% t
* 74% bought an existing home; 22% bought new construction9 S* s, w" }* V3 I
* 55% purchased a single-detached home; 18% bought an apartment condo * v; d# `" O0 R' S: ?; J" k; D * 5% of households intend to buy in 2010; 53% of those are renters ! y( n0 c8 [% b X% U$ `- \" C$ \ * 42% of those intending to purchase plan to make a down payment of 20% or more. ; X! `" b$ q7 f! B5 x! l+ H* o- A: F0 [5 a! b" P
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters . v- C% ^, T* z; A# p" } & M: K. _, Y- Y6 _9 {" qonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?