Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: 3 f+ P$ C% I; g1 F6 x/ U' @3 X2 |3 N$ K
* 6% of Canadian households bought a home in 2009 1 p! H Q* d# h2 t. h * 43% were first-time buyers (up from 36% in 2008): L7 z. S+ _2 l2 D
* 35% of buyers were age 18-34 ( n/ R x% } X% g( R2 O * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home& }( s; n& k# S0 t2 m1 n& D
* 59% bought a larger home; 24% downsized* ]# [; A; [# B7 Y" ?7 I- G7 X6 U: {
* 74% bought an existing home; 22% bought new construction $ E- W0 G g' \9 S0 K& b * 55% purchased a single-detached home; 18% bought an apartment condo$ M$ O6 J9 M8 H
* 5% of households intend to buy in 2010; 53% of those are renters; T7 f& r) P- f4 L! `: c( M
* 42% of those intending to purchase plan to make a down payment of 20% or more.* |2 O" P p5 S
* t- a- I' Z. Y/ {9 G3 l
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters9 P7 p+ ~+ c8 G% N
. |$ B: T3 s* ?& y8 @, J
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?