Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: 7 M6 j. c; Z c$ `* [! `/ ?; {( L6 _& l4 H
* 6% of Canadian households bought a home in 2009( p9 U/ ?# r# i/ H
* 43% were first-time buyers (up from 36% in 2008) - v6 h( |$ P G& Z; C( i * 35% of buyers were age 18-34& n0 x/ h$ r5 a5 T( \
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home + U- P8 U; t: n5 ~: @ * 59% bought a larger home; 24% downsized* M/ `4 t6 Z5 A1 c. I$ ?7 r
* 74% bought an existing home; 22% bought new construction 2 i6 i0 u6 _1 e g( u# ` * 55% purchased a single-detached home; 18% bought an apartment condo 5 A# E* k5 D& p4 O4 C3 j * 5% of households intend to buy in 2010; 53% of those are renters & D6 m% E8 {6 l# R9 d * 42% of those intending to purchase plan to make a down payment of 20% or more. & x6 \! \5 {; z4 S % c8 k3 E( O$ I8 U) z* SThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters * }& c& T B i4 l' D& V 7 `% L( x1 d: M; ? Sonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?