Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: $ g9 U% L% a- n 7 {' O+ F+ H1 E4 n. w * 6% of Canadian households bought a home in 2009 . P; h6 j% }! R * 43% were first-time buyers (up from 36% in 2008)$ L$ A# ~- n7 ]; u; B0 _
* 35% of buyers were age 18-34 : c) f3 {3 S) e5 y2 ^, @. b- \8 h * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home / [7 \) A4 }$ x+ B0 C9 ^$ l * 59% bought a larger home; 24% downsized$ m4 m( e$ a5 b6 F$ K# f
* 74% bought an existing home; 22% bought new construction % G+ ^' H2 l% F1 l2 ~( t * 55% purchased a single-detached home; 18% bought an apartment condo* L8 P6 F: ^7 b# G
* 5% of households intend to buy in 2010; 53% of those are renters 0 K- O, |0 Q- G/ z2 A * 42% of those intending to purchase plan to make a down payment of 20% or more. % \: O8 C( ^, z8 p% |) ^9 R0 \4 O9 z$ L: o7 _/ c
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters 5 g+ j9 h) f6 o: N1 V& \5 ]! |0 h6 V8 d6 s
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?