Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: / I- l5 B6 h( I v' {: Q9 w) y5 [" _3 T
* 6% of Canadian households bought a home in 2009 4 G \% z( g" [: B7 H * 43% were first-time buyers (up from 36% in 2008)/ [+ q3 J$ b3 V
* 35% of buyers were age 18-34 9 \2 U Q- A* {2 B! c' C" v * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home2 }6 x) C7 A w: W/ g
* 59% bought a larger home; 24% downsized ! O6 U. ^" V8 s. X v * 74% bought an existing home; 22% bought new construction }, i% z6 s. p5 P3 B
* 55% purchased a single-detached home; 18% bought an apartment condo4 u& z/ X9 C+ f+ M# d8 N* M
* 5% of households intend to buy in 2010; 53% of those are renters$ }& z- H/ E, v$ D
* 42% of those intending to purchase plan to make a down payment of 20% or more.7 [: k+ n% z% s
; s3 ~3 w( J0 mThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters & l) q+ T J: A / O' a3 \, V- T4 d5 S1 L2 b8 nonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?