Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:9 A8 O; t# b" E) F u
+ V3 a! W/ Z' z; E0 v! ~
* 6% of Canadian households bought a home in 2009' u' z, F. r3 n p
* 43% were first-time buyers (up from 36% in 2008)& H- W' y* v) s: ?" [8 ~0 x( B/ ~9 `
* 35% of buyers were age 18-34! a1 ]/ m4 B6 v& K* m2 N
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home" l: ]3 u4 a3 A
* 59% bought a larger home; 24% downsized , u; A# z# @7 I2 U3 `3 \! u% p2 d * 74% bought an existing home; 22% bought new construction7 L/ H0 @; v! V5 B' n) @( Y: j& U
* 55% purchased a single-detached home; 18% bought an apartment condo+ y' ]' s* ^/ H( p: @
* 5% of households intend to buy in 2010; 53% of those are renters- b$ R; _' E0 l' I: F( N
* 42% of those intending to purchase plan to make a down payment of 20% or more. 3 H C& |9 n! i; [5 V% ^( v. H+ k* f: R: P7 F4 n
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters : L1 x7 x9 j$ l) k1 x2 v3 Y' v. p! y& F
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?