Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: ) n( s" o. [1 J- d D4 U5 {- I! C+ r7 W+ _7 w/ e% d
* 6% of Canadian households bought a home in 20095 v7 }7 C' V v
* 43% were first-time buyers (up from 36% in 2008)4 N M! I, ]3 ~/ w) Y
* 35% of buyers were age 18-34 / i8 a# _! S* x * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home : a! }* _, `8 I; ^ * 59% bought a larger home; 24% downsized 2 T& b) f5 L1 g* t * 74% bought an existing home; 22% bought new construction; G/ n6 k0 K# M7 K3 q
* 55% purchased a single-detached home; 18% bought an apartment condo - ~0 O( t& Z! O0 R * 5% of households intend to buy in 2010; 53% of those are renters! b5 E* u8 H c
* 42% of those intending to purchase plan to make a down payment of 20% or more.& a' d* Q( P' D c. F9 E4 o
2 g# P: i5 b+ ?0 JThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters $ ^5 G. [5 P8 u5 F$ A- c7 U6 B5 a U: S- g3 J
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?