Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:+ m2 i/ C' \/ }7 o4 ~
) ?4 f9 ~0 U% W2 U9 `; a/ \. p * 6% of Canadian households bought a home in 2009 2 N) | \1 C: ] n1 q1 m9 b& F- H * 43% were first-time buyers (up from 36% in 2008)$ m0 `' U0 ^/ E
* 35% of buyers were age 18-34 8 F% e. L d# Z% @% p- Q' W% [* g * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home1 R: M: {6 }) \! |, V7 c
* 59% bought a larger home; 24% downsized ' u: p+ K: l! L, t3 H * 74% bought an existing home; 22% bought new construction ( S& D( y) F& s |) Z2 @ * 55% purchased a single-detached home; 18% bought an apartment condo * M" t3 f$ K; H5 Z$ a: U, m; ? a * 5% of households intend to buy in 2010; 53% of those are renters1 Z3 Q5 L- J; K) O/ J
* 42% of those intending to purchase plan to make a down payment of 20% or more. * j+ q: y) Y5 i, L5 F( L! K f& ^: G* }( N9 A
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters $ H/ Z0 {4 E2 h5 i. l W, Z% e( t6 w& K6 X2 x/ b
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?