Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:+ i9 ~# \5 p6 W2 H2 ?3 u
; V! ] G9 p" c* } * 6% of Canadian households bought a home in 20091 O6 W+ Z" P3 v
* 43% were first-time buyers (up from 36% in 2008) " h. } A7 o1 i7 \9 b* K& c$ t2 W * 35% of buyers were age 18-34: {% w, h) h* t2 ?
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home . `( t, q8 I5 M+ ] * 59% bought a larger home; 24% downsized! V- _, ^2 ?" X0 a- Z9 `$ K) j
* 74% bought an existing home; 22% bought new construction ; H- Q- H4 Z- j* r: R5 B * 55% purchased a single-detached home; 18% bought an apartment condo: ]# j0 v \3 F
* 5% of households intend to buy in 2010; 53% of those are renters) o# ?1 g' c. ~& I8 _3 s
* 42% of those intending to purchase plan to make a down payment of 20% or more. % K- z- J" X0 t9 i. @: X: ~; B& f/ a4 d1 }7 Q1 j8 }4 N
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters ' e) M$ f. S9 I( c & Q! l# C7 I' n3 k5 Xonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?