Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: 8 P. @! D8 i5 ^) O j3 X1 P1 p ) v8 |4 J8 R$ h+ a * 6% of Canadian households bought a home in 2009 $ h8 ?4 w& _) ^ * 43% were first-time buyers (up from 36% in 2008)* L/ a+ z9 I# @
* 35% of buyers were age 18-34, s6 C, J+ m+ q
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home; b8 F9 b1 O' h0 ?
* 59% bought a larger home; 24% downsized) D2 }. H! ^. }* n* n+ I
* 74% bought an existing home; 22% bought new construction ; T/ U3 J3 c) f0 |1 `0 b * 55% purchased a single-detached home; 18% bought an apartment condo: r" j. q2 T$ ~- ^! Z! S
* 5% of households intend to buy in 2010; 53% of those are renters ( p7 {8 X7 b8 w6 [( Q8 \ * 42% of those intending to purchase plan to make a down payment of 20% or more. , i7 S2 v4 x' q 8 v# P% r! M8 [ v) wThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters" C- u- J0 x. W
' J# q( R5 @+ I/ {# x+ [
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?