Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:$ P% Q' b2 F0 _+ J8 @ X
& M s+ c# g5 U0 m7 v8 J$ o- P: y: X * 6% of Canadian households bought a home in 2009: D4 L$ m6 Y2 w( g4 W
* 43% were first-time buyers (up from 36% in 2008) & U% T" x4 t1 b: |. a3 T: k * 35% of buyers were age 18-34# |( G- @ K8 S3 K/ Y9 o
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home9 W4 Q" `. W0 v3 Q; e( U6 z R/ S
* 59% bought a larger home; 24% downsized M0 I6 z0 S0 a
* 74% bought an existing home; 22% bought new construction $ d( ^ a% p! }8 b4 a' }* \ * 55% purchased a single-detached home; 18% bought an apartment condo ' G# \' s) a7 F1 K1 b6 @ * 5% of households intend to buy in 2010; 53% of those are renters' P7 J* c, ~" v. I6 h) {4 ~
* 42% of those intending to purchase plan to make a down payment of 20% or more. 4 I- V8 s& l, L5 W1 s , T& L7 }4 p5 b# T# aThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters : ^' i! O, y6 `! ~: x3 R8 t: Y- q4 M7 J, E+ K
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?