Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:. j# _# F6 P& Y* J3 |
% l1 x* J5 M' G7 d6 F: K4 q' ] * 6% of Canadian households bought a home in 2009 # \9 o5 _ p! @# I! Q& H * 43% were first-time buyers (up from 36% in 2008) 7 N# D4 _* @ c) n/ ^3 `& s * 35% of buyers were age 18-34 / O# ~/ _+ B/ W r * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 3 g% |9 Z1 I8 E- p! l * 59% bought a larger home; 24% downsized" Y4 t" L; ~9 t c/ D/ }( b, `5 y
* 74% bought an existing home; 22% bought new construction 8 ?1 G* u& |+ S) |' t * 55% purchased a single-detached home; 18% bought an apartment condo & K& B7 |: t0 W( L4 } * 5% of households intend to buy in 2010; 53% of those are renters 2 G9 z' E: e( ~3 M" {; c. j * 42% of those intending to purchase plan to make a down payment of 20% or more.& S7 U' \, n2 q# q" E h- z1 ^
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The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters : J$ N& ~. k; k4 i8 t7 Q9 B# l4 h, I# e; n) D# K
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?