Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:& L9 J3 ]9 g/ x
r' y/ q* H5 r6 T6 s * 6% of Canadian households bought a home in 2009 ) k8 b# d. {/ G0 { * 43% were first-time buyers (up from 36% in 2008) + T! \( l: v' [( }, V9 S# | * 35% of buyers were age 18-34 4 H" v( v& S' j& J8 I, D: p2 | * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home : I. p9 |8 h2 j7 X * 59% bought a larger home; 24% downsized ! p. L* M* k8 G6 d- d: r. ^6 D; h# T& J * 74% bought an existing home; 22% bought new construction+ R$ ^) Y% P. I) Z
* 55% purchased a single-detached home; 18% bought an apartment condo % D+ n. |2 \6 u- V5 ~ * 5% of households intend to buy in 2010; 53% of those are renters. y/ I! D9 F* P
* 42% of those intending to purchase plan to make a down payment of 20% or more. - l8 O0 p( u3 I2 j9 e* U ! U4 R0 T4 w8 W9 r a+ IThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters0 S0 T* y/ @; z( F F/ ~
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?