Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:2 g# p( _" Z6 `( F
( {) R( I8 P* E * 6% of Canadian households bought a home in 2009; S z$ I) W& `! d; x% s
* 43% were first-time buyers (up from 36% in 2008) 3 e1 b9 H/ {% ^( i- h: K- P! @3 O * 35% of buyers were age 18-345 L6 ^: e0 W& K, S+ T
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home' d# w8 r1 e/ m7 L* n" _
* 59% bought a larger home; 24% downsized# ^9 F) P' X4 z
* 74% bought an existing home; 22% bought new construction 7 x1 c+ ]2 ]. V) s * 55% purchased a single-detached home; 18% bought an apartment condo! r: l8 ~8 g2 C+ g
* 5% of households intend to buy in 2010; 53% of those are renters 0 ^* {8 e7 h( @5 m; L * 42% of those intending to purchase plan to make a down payment of 20% or more. % ~- S; C# m8 E5 p4 x( Y# y; G2 F% r: W
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters* R% c+ T$ L" C! K/ `7 O
. d* V/ J: h$ ~
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?