Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: ; N+ G* o1 i% A* j' u' Q }6 S0 l- Z& O, e. a' x5 C
* 6% of Canadian households bought a home in 2009 $ m5 x% |; U6 r' [0 W9 o9 E2 f e6 { * 43% were first-time buyers (up from 36% in 2008) M$ T1 b: D P# S4 a1 w* X" `3 o3 M. |
* 35% of buyers were age 18-34 ; {; R+ E' P8 j0 D) M# @: ^3 { * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home ' q/ \3 r3 x3 W8 ^7 b * 59% bought a larger home; 24% downsized" ~" a7 M- A* X) p# T
* 74% bought an existing home; 22% bought new construction 9 A9 m& p# x4 Y0 {# o" i' Y * 55% purchased a single-detached home; 18% bought an apartment condo 9 H7 p; Y+ `+ o6 X! y * 5% of households intend to buy in 2010; 53% of those are renters 4 |8 ?: w) ?8 q# t * 42% of those intending to purchase plan to make a down payment of 20% or more.4 K) I5 h/ _# ~+ ~% N l- U
. @* X5 Q- P) z! r5 k1 F1 c, a5 kThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters7 ` D5 j3 S" l/ W! K0 j3 s/ g
1 A H4 f, \5 [- B
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?