Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: # T7 m9 W( q3 p j$ t5 ]( s8 \# s % T% u8 {4 k/ z3 u * 6% of Canadian households bought a home in 2009 3 p4 N- v" u* E * 43% were first-time buyers (up from 36% in 2008)0 U3 [- ~; u* ?; w" W
* 35% of buyers were age 18-34 8 q0 X$ w7 K- y2 Q; T * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home7 D- p L3 Q) f- g
* 59% bought a larger home; 24% downsized9 S8 [2 w' T; P2 h
* 74% bought an existing home; 22% bought new construction ( c+ I) t( g! J6 H; V$ C5 Y0 F * 55% purchased a single-detached home; 18% bought an apartment condo ! F: D& g& f' g * 5% of households intend to buy in 2010; 53% of those are renters ( O! ~* A( V8 A3 b. E. ] * 42% of those intending to purchase plan to make a down payment of 20% or more. + a$ k$ y3 U- \: T % b8 Y0 h4 h2 ^% EThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters 8 L; p, i, }# }, g; ^ X7 [& C; h5 m/ N, M! x1 |
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?