Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: ' D& H# u0 F7 M6 u& { ) ?; |$ T$ ?9 V0 _) { * 6% of Canadian households bought a home in 2009 " F$ x* e' t* F1 J/ K# s C/ T * 43% were first-time buyers (up from 36% in 2008)' T+ ~2 l& ~3 |, ~
* 35% of buyers were age 18-34: W& _5 I/ N) W) U
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 6 S& \) i* I/ Z" L1 s; y( [/ Z4 r * 59% bought a larger home; 24% downsized & b: S( H5 A- d X0 ~) y * 74% bought an existing home; 22% bought new construction- H8 s! p6 i M& O! `- Y
* 55% purchased a single-detached home; 18% bought an apartment condo& _" H/ }0 y; E4 |3 _6 y8 b
* 5% of households intend to buy in 2010; 53% of those are renters % [/ s$ w5 u0 B * 42% of those intending to purchase plan to make a down payment of 20% or more.6 n- o) c g" M0 t* |
7 t3 C [! Z/ C4 I6 P; A' nThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters7 }! C- S1 m: D0 s' k# R6 _
( h; ~; C$ q" }* n0 N5 D- s
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?