Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: l0 F/ a8 i) G/ h2 \ 4 p9 Z9 Z6 L& ?7 Z. E2 v+ o * 6% of Canadian households bought a home in 2009( ]. Q& s+ G N, f/ n6 r
* 43% were first-time buyers (up from 36% in 2008) ; H& `+ f5 F5 ?2 }# q * 35% of buyers were age 18-345 P6 I' q e% p' w2 L
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home5 }" m- J2 M7 ^6 W8 L7 g% l
* 59% bought a larger home; 24% downsized ) W$ X) d, L9 d% c8 j- w4 n4 V * 74% bought an existing home; 22% bought new construction ' f0 w" w/ @; ?# q7 h * 55% purchased a single-detached home; 18% bought an apartment condo3 c2 y+ M3 c; W0 v7 O
* 5% of households intend to buy in 2010; 53% of those are renters7 ], l* v, } Z5 J! p2 p. M
* 42% of those intending to purchase plan to make a down payment of 20% or more. ; N* Z5 x. b1 x5 G5 `% j3 Z; |7 f
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters " T2 O4 Z, A# b4 _; t 7 Q( B$ f( q6 gonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?