Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:* S7 ]( e2 m5 c' q
) J3 z9 O# [8 H1 H5 D * 6% of Canadian households bought a home in 2009 $ J. R2 T$ K, F2 e2 m | * 43% were first-time buyers (up from 36% in 2008) % O- B: v( C1 x4 Y# ? * 35% of buyers were age 18-34$ g3 p' [6 ?+ d, g6 a5 L
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home) E- E( M' Z7 p: ^- K
* 59% bought a larger home; 24% downsized7 }/ T1 Q- b3 r0 @& {
* 74% bought an existing home; 22% bought new construction6 O3 s( F2 O- r: }8 S$ k, w
* 55% purchased a single-detached home; 18% bought an apartment condo$ ] W4 y7 n, M' ~+ ^
* 5% of households intend to buy in 2010; 53% of those are renters% t; ]- U) ?& v9 t& L: K
* 42% of those intending to purchase plan to make a down payment of 20% or more.9 x9 t8 Y1 s" N% }! I. e
; _* f7 |4 D9 I. Z1 b: O) Z+ ^. sThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters. D4 e# Q$ c6 j7 @
- F+ @* g: Q6 g* q! _1 k# g& w
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?