Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:9 a, Q$ M9 j" y
: e8 o, x9 Y/ ~3 l. ~- d
* 6% of Canadian households bought a home in 2009( c0 G3 r+ M2 u4 T/ Z2 x; `; M
* 43% were first-time buyers (up from 36% in 2008) $ i8 P0 q/ f: m; m" \3 a$ M * 35% of buyers were age 18-342 F) d: d1 b$ q& D- G+ V
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home & O% w* e8 N# [/ R( K& D6 f! y$ V * 59% bought a larger home; 24% downsized 5 v8 W& |2 t# Q5 N * 74% bought an existing home; 22% bought new construction 9 p& _) F: Z. V- J * 55% purchased a single-detached home; 18% bought an apartment condo , S3 K- b& M! K3 a0 o7 g$ k * 5% of households intend to buy in 2010; 53% of those are renters* c8 g# R9 k4 ]7 s! h
* 42% of those intending to purchase plan to make a down payment of 20% or more.* J2 G0 m2 v5 a: ?
4 ~+ k0 d: |. l2 w; H# GThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters9 D6 K9 o4 c8 I$ `/ ]1 E x
R- O- C+ M1 F, R
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?