Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: & F2 \' k+ @; z4 M9 U4 q, x$ t3 {9 _" W' k Z. ^
* 6% of Canadian households bought a home in 2009) i4 L! V' H8 V2 u5 \. Y) U/ P2 [
* 43% were first-time buyers (up from 36% in 2008) : B* I" G9 ^; C8 z8 c * 35% of buyers were age 18-34 1 O: |7 w- [* B0 f* y3 { * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home % B/ |1 U2 `( N& F * 59% bought a larger home; 24% downsized 7 P9 {# J7 C$ P; E * 74% bought an existing home; 22% bought new construction , g5 S6 Y0 J: Z * 55% purchased a single-detached home; 18% bought an apartment condo8 l0 D4 o& Q x: ~7 T; a: |2 |. [! Q
* 5% of households intend to buy in 2010; 53% of those are renters 8 \; z$ h0 z* P& o * 42% of those intending to purchase plan to make a down payment of 20% or more.0 x9 L C( A8 F& n- R; x
+ y. `0 T1 Q/ k+ [6 P7 Q
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters ; g0 M: W* u/ `8 q' O$ W, v6 g( N1 q8 f6 l
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?