Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:8 E( ^0 l7 M6 S( \: S
( z0 U2 T7 R. x' J) v * 6% of Canadian households bought a home in 2009 : L+ w) j6 L; \7 D& N! {- @ * 43% were first-time buyers (up from 36% in 2008) \. d7 L/ w2 r * 35% of buyers were age 18-34 R' [: Y1 E& s" @. u; m1 I, }5 y/ f * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home! P# ^9 y3 C8 e
* 59% bought a larger home; 24% downsized$ Z0 k/ T, b: e$ t' v; w
* 74% bought an existing home; 22% bought new construction4 _$ `' P& y, T! f4 x& u+ p
* 55% purchased a single-detached home; 18% bought an apartment condo' _2 t1 u: V- O( Q. S% X( a
* 5% of households intend to buy in 2010; 53% of those are renters + k( I# Z% f2 w0 Q$ x b3 M * 42% of those intending to purchase plan to make a down payment of 20% or more.. S% @9 C% _1 Q& x' k1 t
n) {" R- i+ n5 |1 }9 i' z6 DThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters & ~) V a& E" I9 g, |- F$ y9 o% e3 m; s
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?