Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: # G$ x2 T" [9 |9 a' b$ a& ]9 w ) a5 W0 N" ~: M; w& o2 _; D * 6% of Canadian households bought a home in 2009 ; O2 d' J# E) ~3 h3 S# V * 43% were first-time buyers (up from 36% in 2008)' t& p+ f" t) i- I$ M
* 35% of buyers were age 18-34 " @0 d* O3 @3 F1 U4 ]! J * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home- A* V3 C6 r0 w* W* O
* 59% bought a larger home; 24% downsized/ k3 T7 |' I& B6 X2 Y$ h! J* ~- K
* 74% bought an existing home; 22% bought new construction9 P# n8 ?0 \: @( j1 ^& R J
* 55% purchased a single-detached home; 18% bought an apartment condo 9 O' b0 L G2 w% J * 5% of households intend to buy in 2010; 53% of those are renters. o+ Q0 l# m* q- ?$ I
* 42% of those intending to purchase plan to make a down payment of 20% or more. $ @, r# ~ D( S, i 9 s. h8 b5 G; n- ]0 IThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters ) n: h1 `+ y9 q, ?6 S' }: L( _ ; b3 {. W& }/ [& a' F3 }$ ^4 Honly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?