Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: - }: [# k& {9 i: e6 H: W % O0 i. B5 D1 ~' V& u$ W' c2 N$ N * 6% of Canadian households bought a home in 2009: J! W& i- u ^0 u/ E% ?
* 43% were first-time buyers (up from 36% in 2008) 0 V+ Z3 s+ N: x * 35% of buyers were age 18-34, w/ x* G+ m, b' m& @, v! N( P( Q% ?
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home & O% g( _+ V2 i3 u: e: n! [$ m * 59% bought a larger home; 24% downsized0 o# v7 {8 P* u* E ~
* 74% bought an existing home; 22% bought new construction k: ~" \8 B5 v+ M( r0 ^1 r * 55% purchased a single-detached home; 18% bought an apartment condo ; S2 N+ L6 ~: m! A! i- t * 5% of households intend to buy in 2010; 53% of those are renters8 u" l7 ~! [: j9 r) t- H
* 42% of those intending to purchase plan to make a down payment of 20% or more. 8 j2 a2 j, i# V: s: J- n p6 X- y# H! Y8 d7 Q6 d GThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters 7 B i' I$ `, Z- G' Z1 a T4 O/ C8 g6 D& c3 Ronly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?