Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: : b8 d- Y! y" A9 w- p h* } 0 n! R& C! o4 D( T& C; D * 6% of Canadian households bought a home in 2009( ? _, o7 }# C* a6 n. }' |6 N
* 43% were first-time buyers (up from 36% in 2008)+ Y6 b+ t4 U1 a% M' R' w1 K
* 35% of buyers were age 18-34 8 D* A) \" T) x {/ T. T# x) Q$ S * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home : M# o" |' \) v * 59% bought a larger home; 24% downsized - g7 E* w: }! [. R * 74% bought an existing home; 22% bought new construction }# c/ ^! h5 I5 m8 S6 { * 55% purchased a single-detached home; 18% bought an apartment condo 1 C' N. X" `7 e% m/ v * 5% of households intend to buy in 2010; 53% of those are renters + g& @3 l9 w" v1 u * 42% of those intending to purchase plan to make a down payment of 20% or more. " t9 T( U5 ~8 \% L$ C5 z) a; e7 ^1 o
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters + p$ o: a( D$ C; w8 L3 s* C, m4 S, D7 a E( C
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?