Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:, c9 }6 e3 S9 v: R, f
: M7 L# A: w5 \$ E3 s f * 6% of Canadian households bought a home in 2009 6 c: Y I+ ]) K% v2 g( ? * 43% were first-time buyers (up from 36% in 2008)! e$ U1 f! e7 E9 i; J1 x! h
* 35% of buyers were age 18-343 O! y2 A% }; }# s' j
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home ; Q0 B# q# f$ A1 y" m1 W- k * 59% bought a larger home; 24% downsized ' L$ k1 ]" G; ?' x0 ~1 b: Y * 74% bought an existing home; 22% bought new construction- d* x7 m7 ]7 u+ @3 C6 @; c, p
* 55% purchased a single-detached home; 18% bought an apartment condo 2 o( Q$ |( t: X+ q+ n * 5% of households intend to buy in 2010; 53% of those are renters 3 I' x" W5 @6 C1 E2 A: I6 N$ q * 42% of those intending to purchase plan to make a down payment of 20% or more. ) E1 t" G% c" W' T1 p8 H" c* I , j; @( N6 m3 P7 i) l; a3 M% M7 iThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters : P, u- G; f6 ` w* D* R( y9 L }: B* Y. n( Z; M5 w+ a4 R0 J
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?