Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: $ h6 U n4 D( p ' Q7 e+ H8 v0 f * 6% of Canadian households bought a home in 20099 ]1 ?2 X2 Y8 I7 l" ?' c- d
* 43% were first-time buyers (up from 36% in 2008) ! L9 c3 P2 q5 v7 d& {; G; v( Y * 35% of buyers were age 18-342 m$ C! S& ?& i" J
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home % C2 m7 z+ A) I5 N% \7 y0 P * 59% bought a larger home; 24% downsized % r4 B7 Y0 R3 n* K; S * 74% bought an existing home; 22% bought new construction 0 Q: e8 Z0 j) u+ c# Y$ W+ r * 55% purchased a single-detached home; 18% bought an apartment condo 7 [- N! M. L- w * 5% of households intend to buy in 2010; 53% of those are renters / V. o4 [4 u# g1 U% i; w * 42% of those intending to purchase plan to make a down payment of 20% or more. / _+ k8 u4 b. f* f; V U& w7 y8 Y+ l- S1 \
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters : Y' \/ N5 X0 }0 Y ) f: I' _: e/ s& R* n( qonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?