Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: / v7 |( ?; Y) H 0 y9 n" e* \5 c' L) g: J( I. i$ ? * 6% of Canadian households bought a home in 2009/ f% s# ~7 ?4 C+ u' i
* 43% were first-time buyers (up from 36% in 2008); \. _1 W9 K2 E! g
* 35% of buyers were age 18-34( \; D0 x$ z) p$ } ^( N) X
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home- L+ r l, R) b; C! l" q* ]) b
* 59% bought a larger home; 24% downsized % i/ S- h2 Q' k5 r% {9 Q# ] * 74% bought an existing home; 22% bought new construction! W+ U# _- L: d+ N
* 55% purchased a single-detached home; 18% bought an apartment condo ' C9 r/ P m" [9 ~! T" L V * 5% of households intend to buy in 2010; 53% of those are renters5 `) [8 l# I4 A3 Y! ?! u, P) O3 _* M
* 42% of those intending to purchase plan to make a down payment of 20% or more.1 j, O5 ?$ E* ~8 K
( S2 j7 j' G+ M0 x4 Z& b7 y7 b4 UThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters+ g* L6 O4 ?* H6 P: a9 x$ k+ u3 `' v/ \
/ Y# a, ]% m9 f- c
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?