Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:7 v; E7 x2 {: ^ w% f0 k
7 x2 Z r( [2 p' Y8 N * 6% of Canadian households bought a home in 2009 " t( V5 u( `" B6 ]2 K: O * 43% were first-time buyers (up from 36% in 2008)* e6 s$ a1 m8 Z; Z0 J
* 35% of buyers were age 18-34 4 Y- m' [% ^+ J( w0 e * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 9 d) k( X1 f' { * 59% bought a larger home; 24% downsized 6 o' V" T! N: n# ~0 ]4 V' C( m * 74% bought an existing home; 22% bought new construction + t/ E4 I6 U% N+ J) R% U( a$ {2 m * 55% purchased a single-detached home; 18% bought an apartment condo% ~$ X: }5 K' @% y, @
* 5% of households intend to buy in 2010; 53% of those are renters9 i/ ^9 L* ]( x- v
* 42% of those intending to purchase plan to make a down payment of 20% or more. , t, T% j2 l: N9 E; i# b8 q: A5 U T2 Y& U7 ]- C; _+ \
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters $ s$ [8 c1 L2 W* I1 Y; {+ } & j' e" v( H; }only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?