Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: 3 o3 ^2 M( ` f+ c$ a* C6 T! l ( D& ]2 o; J9 |% }% j * 6% of Canadian households bought a home in 2009 % I" K- Z S& I! A; X& V4 n9 d * 43% were first-time buyers (up from 36% in 2008)% i# _. I- N5 p/ i0 H
* 35% of buyers were age 18-34" k+ C8 \) K' H- ~
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 5 J6 b1 o: ^$ c2 \ * 59% bought a larger home; 24% downsized 6 x8 W/ C. ]8 p7 f8 X7 W: M' Y& k * 74% bought an existing home; 22% bought new construction6 S. a5 u7 h K% {
* 55% purchased a single-detached home; 18% bought an apartment condo" }& C* D$ Y6 u& k1 `1 {) h$ C
* 5% of households intend to buy in 2010; 53% of those are renters4 ^( `/ {& |, k; @
* 42% of those intending to purchase plan to make a down payment of 20% or more.% j" [, F" w; ?0 C L- _4 n3 j% M
. Z. v2 e4 h3 A/ Z0 g% {! MThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters, Q& {' H# H! D+ q0 {
+ ]: P/ L! c0 f
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?