Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:" B1 p# M4 j9 M8 H( e! ` S1 m
7 ~* U7 r0 V- A8 A$ T7 B * 6% of Canadian households bought a home in 2009 ; y! Q% P7 W7 x * 43% were first-time buyers (up from 36% in 2008) ; ^" C* o5 T5 }2 p; [+ `% ?3 J% m$ [ * 35% of buyers were age 18-34 0 m0 T4 [4 K1 L- Z8 [ * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home , _; A# b9 s1 ~- n8 x* L * 59% bought a larger home; 24% downsized+ d! b& [% C! k* q
* 74% bought an existing home; 22% bought new construction% ~) y$ n0 k3 t C0 s$ y
* 55% purchased a single-detached home; 18% bought an apartment condo$ h, F& ]9 [6 y/ j! o
* 5% of households intend to buy in 2010; 53% of those are renters. r% u# n5 `: S* I: n& v# ]
* 42% of those intending to purchase plan to make a down payment of 20% or more. V4 \/ G8 I* t% n) g; c: L/ ]+ b/ g$ ]2 B1 [3 j* Q3 ?
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters & V) n8 ~6 J0 G& \$ w2 }9 G. n$ y1 ?
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?