Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: : g0 j4 p+ z9 z0 I 1 w! ]/ }0 W% U8 s * 6% of Canadian households bought a home in 2009 7 j' G" k% {& _& f * 43% were first-time buyers (up from 36% in 2008) L y0 G& O" D, y8 K2 W/ Z * 35% of buyers were age 18-34 $ M- o& b+ ^+ T! d3 r8 w0 @ * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home% Z6 w T# t3 q3 S+ b: f
* 59% bought a larger home; 24% downsized % S' J$ f/ _5 h. S * 74% bought an existing home; 22% bought new construction & t/ e7 b5 Q9 }- g( @ * 55% purchased a single-detached home; 18% bought an apartment condo * k- J. [$ s( W0 b' s. V * 5% of households intend to buy in 2010; 53% of those are renters7 T- I7 r2 O$ I+ O: i* c7 J1 q. c
* 42% of those intending to purchase plan to make a down payment of 20% or more. - p+ g; p6 n8 p 9 q* [5 M% `5 p3 t+ s. e* K% NThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters2 m4 T- q7 p. r# r
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?