Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:" p2 }. h- C* Q
/ }' w+ G+ ?9 S: M1 u1 z$ \ * 6% of Canadian households bought a home in 2009/ A6 z+ q8 G! @! ^( y1 N
* 43% were first-time buyers (up from 36% in 2008) ^. b! ^+ T% M4 H1 _' e * 35% of buyers were age 18-349 B, f; S9 \2 b9 _. C/ H
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home7 [% Q( q6 r4 M! g
* 59% bought a larger home; 24% downsized * |- q5 C( z: K9 J4 r |3 _0 ?; z * 74% bought an existing home; 22% bought new construction # O/ ^ q7 p% C1 ] * 55% purchased a single-detached home; 18% bought an apartment condo ; W" U& u K" [ c5 H9 a4 G' p* I * 5% of households intend to buy in 2010; 53% of those are renters8 Y! Y& ]9 }& J, F$ M
* 42% of those intending to purchase plan to make a down payment of 20% or more.8 [4 s' N2 C& ~. x4 m' F: W6 T0 c( C
, M3 N, s+ D( s" E/ C( oThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters . X# X; B4 |5 _" i* s + T- p' J4 a( ?1 z, d7 V, eonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?