Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: * R, ^% X6 H* A$ y 2 Q: B |# {# d; k * 6% of Canadian households bought a home in 20098 k7 m. e& B$ c$ {
* 43% were first-time buyers (up from 36% in 2008)5 g5 j7 U& z3 `9 m7 o
* 35% of buyers were age 18-340 h* u1 W; w2 K- h! g4 @; q7 ]
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home% Y4 R. [- C3 x! F# o( P5 `+ ]8 I
* 59% bought a larger home; 24% downsized 7 h' B5 ?8 u0 m* t% c# X/ `! q * 74% bought an existing home; 22% bought new construction " c0 X/ o5 N( C * 55% purchased a single-detached home; 18% bought an apartment condo2 ~. K( c1 o2 t0 s" }# K" G
* 5% of households intend to buy in 2010; 53% of those are renters" \# r+ k. G( k7 S6 M. {
* 42% of those intending to purchase plan to make a down payment of 20% or more. v0 t: H) U. k+ X- w: q; A 9 r' R! L/ Y+ `- G( Z3 Z! ?The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters 5 t- z+ t+ `- h* |7 [# @, J* Z. x + g/ {0 Q0 k9 ?3 Eonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?