Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:5 E3 b% t) l# G# ^
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* 6% of Canadian households bought a home in 2009# c8 y1 Z. j% ~+ D: B- D6 d
* 43% were first-time buyers (up from 36% in 2008)( k, _: J2 }4 `! o$ @ C; b+ O
* 35% of buyers were age 18-342 y) d2 t$ ^8 T
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home% q" l; M. f3 N
* 59% bought a larger home; 24% downsized # F; Z, A" H& D" y. O' G* e! p * 74% bought an existing home; 22% bought new construction 7 \! \4 A- w1 q v * 55% purchased a single-detached home; 18% bought an apartment condo 9 Q% w! T7 b" @1 H% k0 p * 5% of households intend to buy in 2010; 53% of those are renters 4 @0 ~2 u5 W0 I' k- f! G * 42% of those intending to purchase plan to make a down payment of 20% or more.8 i4 }- l' X4 B0 `5 q9 Q
: x" _# o5 M7 l: h8 _7 P/ KThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters . d/ D6 ~. m0 o8 W4 s; O$ X, @& e$ N; }! w g' U1 b
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?