Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:; r, R* w, e: G' X
" o! a# X* ~0 _1 h * 6% of Canadian households bought a home in 2009% T, R/ O* S( q2 @4 P/ n
* 43% were first-time buyers (up from 36% in 2008) _ }" {9 I' ]/ r
* 35% of buyers were age 18-34 6 k' x4 C% Q# |1 Y9 Y6 {+ r * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home5 z( i2 |6 [& G% v1 c5 a8 u3 d
* 59% bought a larger home; 24% downsized ?1 {/ ? h: n" j6 z# @ * 74% bought an existing home; 22% bought new construction" C8 r4 S, r I1 W
* 55% purchased a single-detached home; 18% bought an apartment condo 3 i+ R5 @9 L- A3 s' n( s * 5% of households intend to buy in 2010; 53% of those are renters6 U7 h( A" n$ W/ t1 B( p
* 42% of those intending to purchase plan to make a down payment of 20% or more.6 j8 r( A6 P( X' R/ w7 D/ m
% T4 a! s. w) s; a1 \3 y: F. B/ `The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters 6 R4 s: ?5 v4 T4 B. ~! V. V' s, O( z/ M3 v$ l6 w
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?