Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:; u7 A% P6 b2 l0 J" J$ b9 j
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* 6% of Canadian households bought a home in 2009+ r$ i- z6 u% D. S4 h# Y x6 l% l
* 43% were first-time buyers (up from 36% in 2008) . b# R# ^4 H, {. b * 35% of buyers were age 18-341 Q2 i) B& @2 y/ i" t+ C1 a
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home ( g% n1 C& I+ M4 {5 ], o8 ] * 59% bought a larger home; 24% downsized 9 R) } Z5 _. Q i * 74% bought an existing home; 22% bought new construction" u! o4 e( R8 D% J! E( n
* 55% purchased a single-detached home; 18% bought an apartment condo# \2 n* ^( |/ z
* 5% of households intend to buy in 2010; 53% of those are renters 0 s8 U8 D" n1 {8 Y$ e! F * 42% of those intending to purchase plan to make a down payment of 20% or more. - T5 }! [2 p y 3 [* x7 A' s1 [. ?* x# K8 lThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters) x2 }* F4 x4 @# R1 V9 N* h
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?