Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:7 q k; \/ ?* d
# V0 G; e8 \6 x( v * 6% of Canadian households bought a home in 2009 - c6 i( s! N1 ]& m+ |* I* e, h$ Z5 A * 43% were first-time buyers (up from 36% in 2008): \+ q( a' i4 |1 E4 _
* 35% of buyers were age 18-34 2 u, {; s4 W) q3 l8 p* _6 L4 `! ]: ? * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home( j% }! e% C# Y0 m
* 59% bought a larger home; 24% downsized . a9 z) H j& A3 ~3 q, u * 74% bought an existing home; 22% bought new construction- f/ q) w: ?' X* l
* 55% purchased a single-detached home; 18% bought an apartment condo $ Y8 o3 q1 V( w5 f8 M& I! ^ * 5% of households intend to buy in 2010; 53% of those are renters0 X8 ~: R9 E$ W0 i
* 42% of those intending to purchase plan to make a down payment of 20% or more. # z4 U6 h( Z: M 7 J. X( v, C; |7 q1 k" hThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters }5 E4 {9 y; V( b0 U; L n+ t 8 B% ~, E% e( A8 c, p4 |) Q0 Bonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?