Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: ' i# x/ ]) o1 P: m2 C. \ 1 V; m. @) G. \' v) e5 U * 6% of Canadian households bought a home in 2009 , v: L6 W- Z% O! G2 _ * 43% were first-time buyers (up from 36% in 2008)! N8 x# b" I, `9 S
* 35% of buyers were age 18-34 + G4 o5 X+ M4 M: Z) i+ W, J * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home2 J0 ^0 U9 O+ B: A
* 59% bought a larger home; 24% downsized * N+ k- L1 ?9 B. Y2 K) n, G. p$ l2 u * 74% bought an existing home; 22% bought new construction: v. Y+ n& H7 ~ Z- t4 @
* 55% purchased a single-detached home; 18% bought an apartment condo9 z; D3 C) q" {7 R
* 5% of households intend to buy in 2010; 53% of those are renters / c; r7 n2 o& Y0 g) r/ W) n * 42% of those intending to purchase plan to make a down payment of 20% or more. 0 `1 J4 A& K" H+ l; t& P' ` T0 S7 \ h9 Z8 ~; Z/ t5 O' I: w
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters 1 [, i& J, `2 ~/ ^- x5 c$ N1 Y3 M# a( p6 J1 V7 u3 f6 [; A5 O* O
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?