Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: ' a! G+ `9 O. _7 [/ u4 { & B8 {" T- r# {3 w& |$ n' Q+ Z * 6% of Canadian households bought a home in 2009# D4 U9 P* O; G6 @
* 43% were first-time buyers (up from 36% in 2008) ( ~" p% m2 R( D8 Q0 p/ l u H O * 35% of buyers were age 18-34 / e; Z7 ?, j2 F. n2 z * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home7 F$ Y- n3 i1 L [; l$ P2 P5 l
* 59% bought a larger home; 24% downsized 3 C- ]. R9 i1 c/ m, k% Q: x5 B" a * 74% bought an existing home; 22% bought new construction, a; e+ S9 H6 j/ q1 A
* 55% purchased a single-detached home; 18% bought an apartment condo 3 _/ H: y4 J6 c* z& {$ \1 s7 J0 R$ r * 5% of households intend to buy in 2010; 53% of those are renters2 ?4 H- f9 z! x: J, S- o
* 42% of those intending to purchase plan to make a down payment of 20% or more.! D% Y/ {" O1 _+ F; D- v7 x
7 ]5 e* c6 S& D' y# }$ [: N4 Y* r
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters 0 e7 R8 B: ~0 |$ f/ l$ M$ |4 f6 o/ m" T9 J
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?