Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: V9 p3 l/ g, j5 s( M/ K ' e' j G% Y3 Q- w6 e Y * 6% of Canadian households bought a home in 20090 _$ }" f/ {# ~/ z. N
* 43% were first-time buyers (up from 36% in 2008) ) H% P# M6 d' L3 T1 p2 l( X) N# i& Q * 35% of buyers were age 18-34( r5 Q" w* p4 f5 M! Y8 p& A8 r
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 5 m0 l/ f( G# b w8 I7 a3 D+ g! F * 59% bought a larger home; 24% downsized 4 d. Q1 o' j( ^" z; @ * 74% bought an existing home; 22% bought new construction 7 R0 w8 `& c. x& K* @; c# ^ * 55% purchased a single-detached home; 18% bought an apartment condo & _$ ~" h8 \1 t * 5% of households intend to buy in 2010; 53% of those are renters' p5 m& S: c, N3 A2 |+ X$ P0 v3 v
* 42% of those intending to purchase plan to make a down payment of 20% or more. ' u( L: i6 q0 H% V2 e0 Q# T3 B( k1 Y$ a d: A
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters 5 i. N* a+ e4 r; b! [1 M0 c ' C6 c+ c' |4 o* y6 E0 ~only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?