Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: n3 f" T- X9 }: H& Z3 Q! x " }* Q+ ^7 v% I3 {7 c% Q5 O * 6% of Canadian households bought a home in 2009 ' u/ F4 M" l1 D * 43% were first-time buyers (up from 36% in 2008) + T6 Q: ?% Y# k9 j; @+ R * 35% of buyers were age 18-34% j1 w2 d9 ]+ W5 l0 ^6 C+ Q& J* o
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home / M% c- ~) ^1 F8 [- v5 a& I * 59% bought a larger home; 24% downsized + j- O2 U5 M: q3 j6 N, ] * 74% bought an existing home; 22% bought new construction. g1 V5 P l6 a; R
* 55% purchased a single-detached home; 18% bought an apartment condo 4 z: } g; P o; ~- L/ \ * 5% of households intend to buy in 2010; 53% of those are renters 4 O+ M4 |& i* m/ q9 o1 G * 42% of those intending to purchase plan to make a down payment of 20% or more. 0 L4 c1 q; @% m. B' @' B2 H" o! c6 i. ]* a }& q
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters 2 G$ ?! S) ^. Q$ Q: n 8 x1 i' g- R- eonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?