Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: # X$ M! P* W- Q6 @* \ 2 L2 D; F' O( x0 U1 {& P * 6% of Canadian households bought a home in 20097 k1 x$ S z: ^5 M* t8 P! I
* 43% were first-time buyers (up from 36% in 2008)3 i3 R5 }7 M4 g) l6 d. {7 l- E
* 35% of buyers were age 18-34 3 F9 j9 N- t) x7 |. n * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home' I7 C; `9 k u1 T7 I. q
* 59% bought a larger home; 24% downsized 7 Y7 h5 M9 ?- L* H D * 74% bought an existing home; 22% bought new construction1 j2 p2 Z8 g/ U) r( Y4 R
* 55% purchased a single-detached home; 18% bought an apartment condo ; T" S/ O1 w, M% I. a1 B! M# L1 O * 5% of households intend to buy in 2010; 53% of those are renters 4 F, X) c7 R! r Z2 J$ Z& p M9 p( z * 42% of those intending to purchase plan to make a down payment of 20% or more. / j& i4 X/ S X9 K1 m ' w) p: o) b* g7 ?The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters ; M% ^: r) ~" `) S3 x - g. W7 ?3 P5 l* aonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?