Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:8 d: o$ W. y$ k7 l/ T& D7 A
; y7 _3 g M6 |9 o& V; K/ b! w9 ^5 [ * 6% of Canadian households bought a home in 2009* j4 v- X; X7 K: M& X
* 43% were first-time buyers (up from 36% in 2008)6 t4 l: I1 ?5 m" d A
* 35% of buyers were age 18-34 % N) s# \* a1 r+ l * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home # o' F5 n! A- e8 X * 59% bought a larger home; 24% downsized2 X1 p. n% N8 M2 j7 S
* 74% bought an existing home; 22% bought new construction * M9 J/ n7 O: R" {$ E1 H * 55% purchased a single-detached home; 18% bought an apartment condo ) z% K1 }4 ?& I0 O: n+ Z * 5% of households intend to buy in 2010; 53% of those are renters2 |$ X4 d2 _5 I, p* V5 t' N* x- w
* 42% of those intending to purchase plan to make a down payment of 20% or more. / G2 ~, X: O# i) v4 ` " T) H% B' @4 z" \' qThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters + B7 l x; Y0 u* A; \ 2 @7 P: k) P/ d1 Bonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?