Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:5 b" @3 _' o7 S
: u+ t( l& a8 C8 A! F * 6% of Canadian households bought a home in 20099 _7 n# _. H% w" J$ J! \1 E: Y
* 43% were first-time buyers (up from 36% in 2008) g9 a3 K% D1 Z* K$ N * 35% of buyers were age 18-34 1 T/ a1 {6 c+ K# h' G! k; _3 L8 j * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home. f( n1 n* g7 i" ]3 i8 Q
* 59% bought a larger home; 24% downsized 8 _8 S& u" o: S * 74% bought an existing home; 22% bought new construction , Y- I o5 g" b {1 _2 C * 55% purchased a single-detached home; 18% bought an apartment condo2 L3 s1 U) h) D! l* }. `1 {) c& V
* 5% of households intend to buy in 2010; 53% of those are renters6 h, u. H- O6 ]+ P" K; r# M
* 42% of those intending to purchase plan to make a down payment of 20% or more.# t! M) C# u$ Z8 y9 B5 N8 e2 q
# v/ W. ]: I. q/ d! ~7 v( j
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters 2 z2 d+ ^( V9 y3 l7 v- h% r4 X& D; `" R3 P
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?