Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: / d/ m) ?- u6 K/ _+ X2 a) k9 q3 w0 \& ]% l+ z; S4 D& @/ M# I d8 B+ c
* 6% of Canadian households bought a home in 20092 Z; O( L6 F/ r! }
* 43% were first-time buyers (up from 36% in 2008); ~& B0 V2 W8 u% d. T
* 35% of buyers were age 18-34 3 X3 h* a. V7 V7 w6 \ * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 8 f' S; b! a$ H4 S+ t6 } * 59% bought a larger home; 24% downsized6 J( _% `7 m D7 m$ @3 b; _( P k
* 74% bought an existing home; 22% bought new construction% G" i$ B1 l, P& g/ Z2 f1 w9 ^1 r. h
* 55% purchased a single-detached home; 18% bought an apartment condo 6 O8 x2 y$ o" ~% Q2 j, a) c * 5% of households intend to buy in 2010; 53% of those are renters ' {) X- H6 t+ Y- S+ V7 b$ j. f * 42% of those intending to purchase plan to make a down payment of 20% or more. 1 L3 G" z) ^' L5 B9 V1 f# J Q 6 Z0 F" o) V( U: fThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters # E* b. p& o; W , M( `) I7 x. K% @; Jonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?