Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: # E( a5 f% @0 d' o, L9 Y1 v& y, s# ~* k! \
* 6% of Canadian households bought a home in 2009% o: J' |' ]$ Q* x# p4 s
* 43% were first-time buyers (up from 36% in 2008). y1 P# D6 B! o" p. k3 _+ E
* 35% of buyers were age 18-34 1 K0 j$ l2 ?$ e4 j * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home! L) Q6 }6 k/ N1 a1 p
* 59% bought a larger home; 24% downsized# d) i1 Y$ J7 [- r5 M% h4 O V
* 74% bought an existing home; 22% bought new construction8 s7 S: v, L- x5 Q; ~7 m
* 55% purchased a single-detached home; 18% bought an apartment condo& C0 i" j& D ?
* 5% of households intend to buy in 2010; 53% of those are renters 8 K! _6 N5 T( G) T1 t * 42% of those intending to purchase plan to make a down payment of 20% or more. 8 F$ c) B; M" t. a5 i# G1 B, e% z7 X
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters( W$ P E/ ]* ?6 X- \1 |2 p
! n8 V9 |. H; u- C! E; ^
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?