Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: 0 X" I" c6 C- c8 T + a* E: ~7 u; f9 a' N9 K! Y( n. ~ * 6% of Canadian households bought a home in 2009 & y1 q7 F2 O- ^ * 43% were first-time buyers (up from 36% in 2008) W! ?/ j& H6 j * 35% of buyers were age 18-34; l& e! \3 G' o2 z4 B# u7 B
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 9 p& ]4 k2 V6 K [; x7 w * 59% bought a larger home; 24% downsized _' o7 g# v2 X/ h3 _2 g * 74% bought an existing home; 22% bought new construction 5 Y! e- u( a2 j7 y9 ~5 M/ s: P% T * 55% purchased a single-detached home; 18% bought an apartment condo $ ?3 s% i# T: S# Z G * 5% of households intend to buy in 2010; 53% of those are renters$ ? V3 C/ z1 l" V% Q$ D. M
* 42% of those intending to purchase plan to make a down payment of 20% or more.: U8 }" D8 m6 M1 m; y' B9 t
/ u( Q0 w7 o6 c' P+ c4 H, I
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters I& Z0 Y* V6 H- [9 z, B- r " Z1 ^2 @, f Z$ i ]only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?