Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: ' N; X. H! |! k9 Q* r% r2 E6 }. g# A- t
* 6% of Canadian households bought a home in 2009 3 G5 T9 A3 M# Y5 l * 43% were first-time buyers (up from 36% in 2008) . s. Q4 ]& R# V' i8 Z& k3 A/ Z8 Y * 35% of buyers were age 18-344 q$ [' ~! \& h I2 D# R3 ^; N
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home ; V) `2 K, P: T1 e% R. N' j I% x2 { * 59% bought a larger home; 24% downsized - t& G9 i6 D$ }5 | * 74% bought an existing home; 22% bought new construction3 j; o. R8 g9 h) f3 X: J
* 55% purchased a single-detached home; 18% bought an apartment condo4 v+ H/ t: H! d6 O6 J/ \6 e
* 5% of households intend to buy in 2010; 53% of those are renters . P! W5 |2 a* B * 42% of those intending to purchase plan to make a down payment of 20% or more.$ ^# T/ `& j% v9 q% k
" Y! {5 P1 a/ U% x! a6 B! o
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters6 ~$ e( a/ g+ O% e
% I6 ~& a/ a0 T# z) A% K: x5 @* e
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?