Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:3 V0 c5 ]/ j. U2 t- o
3 b: ]+ `) ^8 {: ~" c' H' x' L8 ^" h * 6% of Canadian households bought a home in 2009 6 O" O, C! J, A O9 U8 f% W * 43% were first-time buyers (up from 36% in 2008) " C& g0 ^8 n6 E$ r1 S" c) T * 35% of buyers were age 18-34+ H" L6 N! F" h5 j! L
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home% m: a, L; U2 V3 a& J3 d V8 l: a
* 59% bought a larger home; 24% downsized 9 ^: T1 c+ o. u- t0 v9 ?; z * 74% bought an existing home; 22% bought new construction( ~3 s G9 S8 L2 p T, m2 [; i' O
* 55% purchased a single-detached home; 18% bought an apartment condo % P9 S+ t5 ? M" d' i* u * 5% of households intend to buy in 2010; 53% of those are renters2 Y+ `9 c5 X5 B& `' H% M
* 42% of those intending to purchase plan to make a down payment of 20% or more.' ?" ` B1 H! I' ]- N
3 D( n" ~8 _$ c$ fThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters: I% O7 e' w) M6 D4 w9 k; r0 _
5 D8 }/ U" q, E2 k0 C0 C" ^- [# S
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?