Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:$ ~8 a$ ^8 i: P$ V4 O$ ?
5 p4 r( |3 z7 \+ l. R * 6% of Canadian households bought a home in 2009/ a. T7 N+ Q2 `9 t5 V& e% r: P
* 43% were first-time buyers (up from 36% in 2008) 3 \, u! b6 Q5 o6 O2 G( d * 35% of buyers were age 18-344 Z U$ x5 m) t X+ d
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home; j* y$ B- L U; ^: f, X6 J
* 59% bought a larger home; 24% downsized7 ?/ }4 t+ g, ~8 Y
* 74% bought an existing home; 22% bought new construction2 [5 m9 Q2 h5 h0 k
* 55% purchased a single-detached home; 18% bought an apartment condo 0 M" b$ V( R7 X9 E9 f. C * 5% of households intend to buy in 2010; 53% of those are renters$ e9 m8 l, w" j! @( K3 q3 t
* 42% of those intending to purchase plan to make a down payment of 20% or more. 8 _& p1 ?( E3 t! n5 w7 o1 J( O6 c) |0 `3 Y H. b1 Y0 w
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters ' H; S5 `9 p- N% `4 h9 _7 b7 w. P, j
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?