Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: S8 j& j# F' p1 `1 y! J9 b, k7 V2 J+ o9 h) z l
* 6% of Canadian households bought a home in 2009! X, Z" n; P5 I X c' O: _' }
* 43% were first-time buyers (up from 36% in 2008) - |* A9 O8 `* `5 P. L * 35% of buyers were age 18-34# W9 E. m6 f8 L: [ `# P5 |
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home & E/ I" @/ T8 {( w * 59% bought a larger home; 24% downsized: n0 m1 \$ E! M& ?5 L1 |
* 74% bought an existing home; 22% bought new construction * L' o" H; Z1 C * 55% purchased a single-detached home; 18% bought an apartment condo 4 o9 t3 ^- Q4 h3 q * 5% of households intend to buy in 2010; 53% of those are renters/ I7 O% P) `( A
* 42% of those intending to purchase plan to make a down payment of 20% or more.2 g# m& y1 }" B4 E7 e' X7 q: g
3 _ a* y6 {: AThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters q* m" U9 W" Q' ?5 N- H T; i9 z8 c2 S0 Z) [, h6 D
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?