Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:( M+ B" ~- {" I
% F* F0 j5 |' M8 h3 r+ b. \: L * 6% of Canadian households bought a home in 2009* { S7 S+ A# b) x: u8 w) U0 N* K: R1 l! U
* 43% were first-time buyers (up from 36% in 2008)- V% n) ?& ]& ~- y) _ M3 T
* 35% of buyers were age 18-345 K4 w1 ?9 q4 _) T/ ^5 X
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home+ g \9 u$ J5 t: p
* 59% bought a larger home; 24% downsized 8 b4 I; k8 {2 \" y' b * 74% bought an existing home; 22% bought new construction; j) x7 T$ w! s5 X" i# d
* 55% purchased a single-detached home; 18% bought an apartment condo( {7 N: ?* \: A0 [' v: c& `
* 5% of households intend to buy in 2010; 53% of those are renters# X( [5 _" z1 t9 c2 G0 O* _7 _2 j% w2 ~
* 42% of those intending to purchase plan to make a down payment of 20% or more.7 {6 N9 z1 u$ | c7 d
. p {' _( h+ n+ b# d/ oThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters 6 d! }0 G% r4 g( N8 k1 Z ^% j j2 d
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?