Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: 6 Z2 R% \+ \6 V8 t' v1 J" _" r/ A$ r w1 @% b* H6 c
* 6% of Canadian households bought a home in 2009* s; D. A- K& k/ N3 P
* 43% were first-time buyers (up from 36% in 2008)8 o& \& M2 O! H; c0 Y2 x# m
* 35% of buyers were age 18-34; D3 y- j& R5 ^% {0 x' ]
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 2 P9 }1 h% x; U * 59% bought a larger home; 24% downsized" ?5 B9 Q6 H6 s2 C, g$ g' r, i, t
* 74% bought an existing home; 22% bought new construction e. a4 W( H* l" f$ F& ~- D/ @ * 55% purchased a single-detached home; 18% bought an apartment condo 1 W5 K9 b+ D) q, X/ p * 5% of households intend to buy in 2010; 53% of those are renters1 k8 f( P. Q) @1 ~. C0 t4 `
* 42% of those intending to purchase plan to make a down payment of 20% or more.4 X( T r! q3 b5 A2 g9 E
8 \' _% p1 F# h2 KThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters 3 Z4 s4 p3 H) c + N9 H: T% Z: g& \only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?