Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: ( q$ l- g4 v2 {$ O1 x 3 ^" l) v3 j! H6 m; n * 6% of Canadian households bought a home in 2009 ) E1 W* l- |9 F9 [ * 43% were first-time buyers (up from 36% in 2008) 0 e Q* y- }7 }- x# R * 35% of buyers were age 18-34 4 Y/ b) e( ~1 w) @0 a * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home $ B3 s# |$ k' e* }. g: \ * 59% bought a larger home; 24% downsized/ G/ |" D; f% A( G5 s* O
* 74% bought an existing home; 22% bought new construction) {6 `5 s& v& W! c
* 55% purchased a single-detached home; 18% bought an apartment condo* L7 N+ }6 X" l2 D
* 5% of households intend to buy in 2010; 53% of those are renters 1 {2 u& b, u' Z * 42% of those intending to purchase plan to make a down payment of 20% or more. 7 \- u8 C$ e7 r+ j3 T9 C : h2 }7 G x# i8 A5 T( B/ W' L& oThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters : z' t% L% M) n) z 1 Z9 i" e0 c4 r; F$ f2 B; conly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?