Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: e' i9 V1 I# [/ p7 K" Y4 r: |3 J# S+ q
* 6% of Canadian households bought a home in 2009 . ~! Z! L, T: h- B * 43% were first-time buyers (up from 36% in 2008)$ C* B1 `5 E" p0 `
* 35% of buyers were age 18-34 8 n; w- x, P! q * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home5 j4 g5 t+ @3 h( e6 P
* 59% bought a larger home; 24% downsized: t. J# i5 N6 E$ Q6 c' K) P
* 74% bought an existing home; 22% bought new construction" o8 d, E A0 L
* 55% purchased a single-detached home; 18% bought an apartment condo 1 h1 I/ _9 S+ o* g( ]# c6 Z * 5% of households intend to buy in 2010; 53% of those are renters4 ^% b! U: M+ _$ j( V, `" }
* 42% of those intending to purchase plan to make a down payment of 20% or more. 3 F7 e" G' o) D% R$ n / i* Z8 Y& y# n! cThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters - _# Z/ e& P& |! X6 U2 G5 P $ }$ l* h, C& C0 y: v$ g5 Yonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?