Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: 9 g% J6 z" f- @# r& Z$ z* R* ]& O% A1 C6 r& I6 a
* 6% of Canadian households bought a home in 2009; R3 F6 \# I! g
* 43% were first-time buyers (up from 36% in 2008) 4 }! f3 A6 M w * 35% of buyers were age 18-34, F2 h% i% \- U. N
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home& V, T$ R2 x+ Q. R. A9 p# v8 ?
* 59% bought a larger home; 24% downsized % P. Y' G1 I8 E' Z) r* Z * 74% bought an existing home; 22% bought new construction4 d" _# G; J3 y) `# i
* 55% purchased a single-detached home; 18% bought an apartment condo! v) G e; G9 U0 I
* 5% of households intend to buy in 2010; 53% of those are renters; H- P, }+ E1 b$ p$ L
* 42% of those intending to purchase plan to make a down payment of 20% or more./ {' P- h4 Z {: ^# t& k- B8 `
5 r# e3 L2 A( }3 [The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters 8 G/ B1 d8 ?& J8 h 9 n( g9 k- L8 m$ f* a' p0 Conly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?