Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:9 P, ?" g( s+ t# ? Y" K W1 r4 U+ ^ ?' x
# [+ B3 H$ g9 H" q) c" [ * 6% of Canadian households bought a home in 2009" ~) k$ ?$ J4 ]' Z5 S
* 43% were first-time buyers (up from 36% in 2008)6 z! M9 G- d" M. n* ^% ^) m
* 35% of buyers were age 18-34; Y' C' u# Z9 k2 C/ r
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home) m( l! g3 S( a. R( P- ~, Z9 T% d
* 59% bought a larger home; 24% downsized + n% u0 [) q- U+ v * 74% bought an existing home; 22% bought new construction/ S/ Q; [! k' K2 K: ?* _" X
* 55% purchased a single-detached home; 18% bought an apartment condo 9 {8 n" c4 e+ v* P- A/ V * 5% of households intend to buy in 2010; 53% of those are renters1 M! }* U7 L f" j* d- W
* 42% of those intending to purchase plan to make a down payment of 20% or more. / ^& G4 P. _% J+ D9 N. Y2 T) U( r4 U* e
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters * l% A) t6 A& |: T" A 8 Z0 Y# g2 t7 o4 l+ e zonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?