Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:: U, C+ R- Z# z3 _/ y
' r9 ^5 `4 Z! v2 ^& [6 A * 6% of Canadian households bought a home in 2009 % w8 n1 J+ a$ P* g9 R7 v5 M5 }- ] * 43% were first-time buyers (up from 36% in 2008)# Q+ C) X2 I6 k
* 35% of buyers were age 18-34& s, M V2 A' E( j- w9 {' r
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 3 ?0 x) H- U0 q) w" a+ R * 59% bought a larger home; 24% downsized : S6 z% v' ^8 Z; ^- g/ V5 H * 74% bought an existing home; 22% bought new construction $ a6 ^' @3 Y( K5 ]- f% G/ h * 55% purchased a single-detached home; 18% bought an apartment condo 3 e3 F4 t% L2 K * 5% of households intend to buy in 2010; 53% of those are renters4 ]. a. h* U! L3 O
* 42% of those intending to purchase plan to make a down payment of 20% or more. 3 r8 J+ X+ ^6 }$ f7 G9 r+ k `/ F- f% @* b' ]
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters $ |0 T+ c: X& ~/ y% V6 V# `& q/ m+ Z O$ @
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?