Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: 7 D9 _ c) F o8 A4 a+ _ 4 L& t0 T3 }' ?* g4 S8 N * 6% of Canadian households bought a home in 20094 L% q( w; N. E$ m
* 43% were first-time buyers (up from 36% in 2008)! ^/ S6 g) L$ U( I
* 35% of buyers were age 18-34 s$ `; ]0 h( t* H. ` s! x * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home9 L& L& h7 ?6 D2 l* q
* 59% bought a larger home; 24% downsized( s' ~6 Z3 w2 F8 r+ R
* 74% bought an existing home; 22% bought new construction P; q+ K' G- B4 G * 55% purchased a single-detached home; 18% bought an apartment condo6 @9 W( w8 Q" c3 b' d
* 5% of households intend to buy in 2010; 53% of those are renters) W6 J3 C( p! N3 D% T6 a% Q
* 42% of those intending to purchase plan to make a down payment of 20% or more. 5 r4 B: g- d! V; `+ O# P U7 _; m' O+ f9 y$ u9 z. K v
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters ! H% q1 G2 Y& F; l. O+ s/ C4 G: M6 s7 [, s5 z) r7 ?
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?