Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: / v% [8 w7 I& K* k7 C - E0 g% x5 C5 B * 6% of Canadian households bought a home in 2009* ^: Q9 x$ Q3 q- j! K/ _5 H. S
* 43% were first-time buyers (up from 36% in 2008)& w1 ?1 d0 g' }' V
* 35% of buyers were age 18-349 B+ V, m$ I) ]! B
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home+ ?' O7 X. h+ s: z
* 59% bought a larger home; 24% downsized6 @, {2 T9 r. S7 y# A0 V H1 O
* 74% bought an existing home; 22% bought new construction! m: n0 i' U$ ?
* 55% purchased a single-detached home; 18% bought an apartment condo * G. S# q7 g, _2 S# \ O8 H0 J4 B * 5% of households intend to buy in 2010; 53% of those are renters 6 H6 D( F: P- c; r5 B' o * 42% of those intending to purchase plan to make a down payment of 20% or more. 8 p7 D+ J* w6 d" S' i: E, ?; i8 K$ i! M8 g( W' ?6 Z
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters, `# g, Y% I3 f: _8 Z( ^
2 ~7 Q* I+ C# ]
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?