Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: 6 U! q$ G/ f+ k; k& o) A: Q" t! ~, H7 {0 B
* 6% of Canadian households bought a home in 2009 + @% g" B! W4 w: X1 j9 ^7 _% |) Q * 43% were first-time buyers (up from 36% in 2008) # }& V3 b5 M; B3 Y' I! Y& g# P8 \; ~ * 35% of buyers were age 18-34 6 d* H5 `) b- q; P: ^ * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home( h, f' E2 O. }
* 59% bought a larger home; 24% downsized' d; w7 Y% _+ s/ r! N7 P1 ^! @
* 74% bought an existing home; 22% bought new construction 1 r* f9 A( z9 P9 o * 55% purchased a single-detached home; 18% bought an apartment condo2 J$ d* w$ h$ ^$ K* e
* 5% of households intend to buy in 2010; 53% of those are renters 0 I) ?* g( ~# {" y: \ * 42% of those intending to purchase plan to make a down payment of 20% or more.* i% L! } B5 z' p! g5 w) F T! C
: G1 i/ z; X0 S9 b+ ]The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters ! I. G1 V& u3 @! c: ~ , {2 U) s0 f$ O- ponly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?