Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:! ~5 p+ S) m" ^( s: R# ^' L% n
6 @# u6 V- G D+ |! d F. B
* 6% of Canadian households bought a home in 2009. M( q/ E' i% Y+ |
* 43% were first-time buyers (up from 36% in 2008) ) ^! C V8 `! a5 e * 35% of buyers were age 18-344 y+ E- T* A) Q. `; @* r! X$ \
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home u/ ]1 w: H* X& c * 59% bought a larger home; 24% downsized + E: a8 l1 U6 W2 `) p5 | * 74% bought an existing home; 22% bought new construction$ q7 c' W {, L: y0 e/ a
* 55% purchased a single-detached home; 18% bought an apartment condo/ q9 l' X0 T9 C- _: D3 @' p9 u3 b: I1 P
* 5% of households intend to buy in 2010; 53% of those are renters : E O" y. z+ s* Y/ A * 42% of those intending to purchase plan to make a down payment of 20% or more. N. M3 ~- U5 R3 Z# p- z3 l) Y , T% s: `* c3 ^5 [$ m- H; bThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters% E% k, O6 K* s& `4 S4 i: Z; }: w
T! h8 f I1 k2 z
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?