Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: / _7 X/ q& }6 w# u% r& _2 ^2 Q# c& \( [+ @
* 6% of Canadian households bought a home in 2009+ g6 P6 e+ g' P4 L3 f' A
* 43% were first-time buyers (up from 36% in 2008) . ?) k0 i* j0 C/ h9 X. O% F * 35% of buyers were age 18-34 F1 f2 b7 }$ ^. X
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home: o& h: P: s/ [7 |6 |! L0 S% e: Z
* 59% bought a larger home; 24% downsized # l3 Q7 h" J! ^ * 74% bought an existing home; 22% bought new construction$ {& V8 T/ l1 ~5 v, |( v! Y# E
* 55% purchased a single-detached home; 18% bought an apartment condo- E7 ~2 C l9 D) R" J4 t
* 5% of households intend to buy in 2010; 53% of those are renters$ u0 Y4 R( h" q9 W. N- M
* 42% of those intending to purchase plan to make a down payment of 20% or more. . O1 E+ E( K( ^- z r5 g. c& l; ]7 I& ~- RThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters ; I: k+ ^# Y P( J % \, H% r, r" C7 o: Gonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?