Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:2 u I* e9 |6 S+ j* s2 e" T
( ?0 A* ^# D/ `2 H; m& U * 6% of Canadian households bought a home in 2009! v) d2 T5 g- ?% |) S
* 43% were first-time buyers (up from 36% in 2008)& I: m7 A3 g! C' H
* 35% of buyers were age 18-34! t5 p0 j/ [, K
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home* I) \& S3 l5 O$ ]) j/ c
* 59% bought a larger home; 24% downsized* a% k( b% ~ |1 K% b; B4 `9 Q2 m
* 74% bought an existing home; 22% bought new construction ; u6 H+ e9 f3 f0 `, A * 55% purchased a single-detached home; 18% bought an apartment condo |3 }. b3 U8 X; m6 h& K$ p" R6 {4 O2 g * 5% of households intend to buy in 2010; 53% of those are renters 3 u' i4 l% s, e5 Z; ~9 r* Y9 M * 42% of those intending to purchase plan to make a down payment of 20% or more.$ p7 L% V& V4 K3 {
+ _5 I% \! K3 P' J% D8 T
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters. ^: V; Z: k, v2 z: e: u7 _4 }
# ]5 U r0 V% D* u+ L* V
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?