Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: : f+ z( q5 V! o% k ! O: h' Y# ]0 W& D: H * 6% of Canadian households bought a home in 20095 L# ]+ o# g4 f6 @, `9 F
* 43% were first-time buyers (up from 36% in 2008) / ^8 ~9 Y$ `8 ^4 T * 35% of buyers were age 18-34 4 Q& {' j2 t2 i9 X: u" t * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home8 u) ]- h6 x6 c: F8 C
* 59% bought a larger home; 24% downsized/ Y# |2 m) R$ _; }' W
* 74% bought an existing home; 22% bought new construction" T$ o( C- C% q: J3 a" y
* 55% purchased a single-detached home; 18% bought an apartment condo / x: y7 W! ^+ `( A * 5% of households intend to buy in 2010; 53% of those are renters : Q$ k5 P) K3 Y' ], y' b * 42% of those intending to purchase plan to make a down payment of 20% or more.$ x8 I! Q# C. Y$ ? w5 I& k$ A) g1 _
% f9 c, ^! a# {; `: kThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters . P/ V0 M& f6 T2 b# { : Z5 ] |8 ]) o; B6 D6 ponly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?