Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:' l- l% |( K! t: @. x
# F! M) ~! t$ T) V5 M) _ R * 6% of Canadian households bought a home in 2009 * B% X9 K4 M* ?% ~4 } * 43% were first-time buyers (up from 36% in 2008) ) r5 _$ [* h: V, @& i8 U q * 35% of buyers were age 18-34* ~& u- i' X8 A) L2 \( I8 n
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home & o1 u3 x7 Z6 j * 59% bought a larger home; 24% downsized & o! b8 j# r* ?2 D * 74% bought an existing home; 22% bought new construction: W6 {* `1 u: n9 K5 \; w4 w
* 55% purchased a single-detached home; 18% bought an apartment condo! O7 x; H4 C$ ]; p& n0 P4 e
* 5% of households intend to buy in 2010; 53% of those are renters - G8 Z( |& T S8 O; P4 V$ D V+ L * 42% of those intending to purchase plan to make a down payment of 20% or more. ; `, e! s4 k/ F- v) `# s/ g" X6 H% G& u ' `3 ^' I3 r& O0 v7 UThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters4 w0 X& D% c- c% B( ~$ o8 M* C/ X
# P8 r5 M, R. Z! w {9 r
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?