Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:* W1 E$ V* z% ?! h; k
3 V! D; H9 x# Q- l, i6 d9 L3 p( S7 k * 6% of Canadian households bought a home in 2009 & G7 L" |6 M2 ~+ j2 { * 43% were first-time buyers (up from 36% in 2008)" K: O) ?( k* }2 \. A" t3 H
* 35% of buyers were age 18-34 $ @& K2 ^8 h: }9 h; T * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home {: A" L; G7 ] * 59% bought a larger home; 24% downsized 1 ~1 |9 I- Z5 }" [ * 74% bought an existing home; 22% bought new construction) Z2 Q/ R+ Y, B/ r3 b) D3 G
* 55% purchased a single-detached home; 18% bought an apartment condo" ~* C1 k+ e4 A/ w: p
* 5% of households intend to buy in 2010; 53% of those are renters7 Q) J* A& I( [& G8 Q) b0 |
* 42% of those intending to purchase plan to make a down payment of 20% or more. 5 c n8 W6 S5 W Y+ X3 e* x3 @+ q7 X. X0 O
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters 9 p* K }& P4 J6 u( S( B. Z 0 n. [6 h2 B, c& p3 X5 Donly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?