Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: / e8 G' g9 \6 Y" q9 ~8 }5 i4 ]6 d* X( n0 `( p/ i
* 6% of Canadian households bought a home in 20095 A( Q# w: T1 K. S& i7 _0 Y
* 43% were first-time buyers (up from 36% in 2008) % j* n5 v% J9 A2 [7 |% G * 35% of buyers were age 18-340 U6 l0 l; h3 C, f9 M
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home' L: } |" [! M7 j+ t1 @
* 59% bought a larger home; 24% downsized 7 R7 k5 ~! j& g9 \7 j' N5 Z * 74% bought an existing home; 22% bought new construction- W- e" p) B+ K$ M+ N
* 55% purchased a single-detached home; 18% bought an apartment condo % X' l+ o8 p8 T- ?8 l * 5% of households intend to buy in 2010; 53% of those are renters & R+ R1 j! }( V5 {0 K5 y* }' z * 42% of those intending to purchase plan to make a down payment of 20% or more. 9 }: P3 E3 ^2 j) T9 v* _ ( y# a$ i5 l$ \& w2 X! N$ xThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters ) C* Q3 z- G$ \) e9 J5 J9 L% m+ \$ ~% ]2 C. {
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?