Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: \% r' U8 {' m8 e3 v + _+ T* r* X1 c+ x% E * 6% of Canadian households bought a home in 2009( t5 Y; j) Z) r
* 43% were first-time buyers (up from 36% in 2008) ' ]" r9 J& Q; @8 e/ u) X * 35% of buyers were age 18-34 8 L5 v6 h+ z. u1 c * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home! ^+ s" C7 O* u$ J
* 59% bought a larger home; 24% downsized! _; P o$ n: M
* 74% bought an existing home; 22% bought new construction0 O7 J7 r! {# q7 y
* 55% purchased a single-detached home; 18% bought an apartment condo- V" c3 \% F/ ^; _
* 5% of households intend to buy in 2010; 53% of those are renters : |' D4 X @4 |& |+ v7 F. v * 42% of those intending to purchase plan to make a down payment of 20% or more. ' s3 W Y0 A% R9 ` b, y" N3 N ; _* ~3 t7 i. _$ t$ C" E% AThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters % q! f; r0 s( A4 | ! I- B( i9 C* x9 {only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?