Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:# _4 _( `' v3 e6 W
) _) D m0 h+ u. ^5 j6 G * 6% of Canadian households bought a home in 2009( p, m; m' F5 B# i# H
* 43% were first-time buyers (up from 36% in 2008) # A& ?2 T* p: O# _( s( |2 C * 35% of buyers were age 18-34 ' L1 y4 K. Q6 l# `- D. h7 [# N * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 7 T, F- Z! V( `9 n$ P7 Y * 59% bought a larger home; 24% downsized . K2 B4 V- @$ i2 A1 G5 v * 74% bought an existing home; 22% bought new construction7 t1 \! @9 l% ?: V
* 55% purchased a single-detached home; 18% bought an apartment condo; T0 y6 Y$ G& \
* 5% of households intend to buy in 2010; 53% of those are renters: G! p! M% U6 N9 i; i5 D, S+ B* _
* 42% of those intending to purchase plan to make a down payment of 20% or more./ N8 s) b; B0 h# p1 r
# G8 o6 i8 o( t5 Y8 b$ T
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters ; k8 t4 z. F* j+ C% v* z. ?* [. v/ i, D! U2 q6 @, k8 D
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?