Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: 4 |6 [+ {$ N3 h2 T( J; Z# I9 i- f9 R5 r7 [3 j
* 6% of Canadian households bought a home in 2009$ d# D# e4 j% L1 k* E5 C# d' f
* 43% were first-time buyers (up from 36% in 2008) 6 C$ L4 P1 Z; a4 F( d * 35% of buyers were age 18-34 1 J( @9 t V& F# R$ G * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home, d4 b N2 D; {4 o; T/ _1 m
* 59% bought a larger home; 24% downsized6 o. \$ ]8 Q, u t4 k# o& r- w
* 74% bought an existing home; 22% bought new construction0 N* }: v. l" m( u" @) d' C) Z+ K
* 55% purchased a single-detached home; 18% bought an apartment condo 1 m! e' h7 q% b- s* [ * 5% of households intend to buy in 2010; 53% of those are renters7 B" U' u- @, P- z0 K
* 42% of those intending to purchase plan to make a down payment of 20% or more. ! u( T( i- V" T- A! `# s0 Y& h- h3 u2 h- X
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters s D) |1 m& u# }7 X& a4 l7 B0 w1 E 4 Y4 C! A% [- O7 A$ r" r# Ionly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?