Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: : A% X0 n+ i6 Q8 W ) \6 O$ ~) t r; J- b * 6% of Canadian households bought a home in 20094 h- _8 E3 r% j, Q0 l9 y
* 43% were first-time buyers (up from 36% in 2008)+ G# F! G# v+ }) t
* 35% of buyers were age 18-348 J5 U, H% @$ X Z
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home; A. d7 k+ T( l) q6 o5 `
* 59% bought a larger home; 24% downsized : n6 U- j; C. x5 U * 74% bought an existing home; 22% bought new construction1 o; z7 [2 A4 f
* 55% purchased a single-detached home; 18% bought an apartment condo $ |* w- H$ w. _. D * 5% of households intend to buy in 2010; 53% of those are renters: U; W6 ^7 \5 K4 P) l% O
* 42% of those intending to purchase plan to make a down payment of 20% or more. ( u" X1 w7 C1 B9 v5 n, N, l: n/ A2 R# |' i1 {9 I0 ?4 B) V
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters ; F3 o$ Q `7 ?- a1 ] k* T & |: G1 j% `$ k, s& L: d \ Yonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?