Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: - |) l- r7 I% f$ U4 U* G7 B8 b! Z$ C
* 6% of Canadian households bought a home in 2009( M2 t) V( M- u' _' Y' ?8 ^3 E) L* ^
* 43% were first-time buyers (up from 36% in 2008)3 s1 M% Y6 w w
* 35% of buyers were age 18-34 ) z( R5 W9 R' D * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 7 E: @! g6 g4 p: }- Z7 v3 p * 59% bought a larger home; 24% downsized K( g1 T1 J& V7 t
* 74% bought an existing home; 22% bought new construction u0 J% t; }/ S- c * 55% purchased a single-detached home; 18% bought an apartment condo; u; N1 ~+ c$ d
* 5% of households intend to buy in 2010; 53% of those are renters 4 l$ o* B9 [4 {5 P: S * 42% of those intending to purchase plan to make a down payment of 20% or more.7 ?/ l) t7 |+ `
! r7 h6 T; G1 n9 I7 AThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters% c" i+ _: a" P0 C
% l( V$ {- U2 ?* G% }1 Z" A6 [6 n
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?