Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:9 H! f- P& h1 c A6 g) ?
# u- o3 g6 S5 `( ? * 6% of Canadian households bought a home in 2009 ; P g3 q0 h6 `/ q * 43% were first-time buyers (up from 36% in 2008)! f" Y+ l7 r5 B$ E3 ^: p
* 35% of buyers were age 18-344 X8 D# ^( @, R! n1 p
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home ) p3 l( {1 W5 j; p1 R/ M' b * 59% bought a larger home; 24% downsized; M% X( t; a3 t
* 74% bought an existing home; 22% bought new construction, {4 L4 h4 P2 |9 g7 U4 |! q
* 55% purchased a single-detached home; 18% bought an apartment condo' k5 s1 O3 z' w( U" C
* 5% of households intend to buy in 2010; 53% of those are renters/ H# f7 X; z U
* 42% of those intending to purchase plan to make a down payment of 20% or more.0 u8 v) K: L& M/ c" j- {
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The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters ( R" ~# H: l" F, K# @! t2 S9 ] t5 k7 l. c/ G. V$ s
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?