Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:3 ] l; O- U* Q8 @
$ ^! \0 ^# U6 l * 6% of Canadian households bought a home in 2009 # j/ E, K# r5 W1 u; T * 43% were first-time buyers (up from 36% in 2008) c' [9 o. ^7 J; m$ ]
* 35% of buyers were age 18-34 , w0 V/ Q! E* S( W * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home" h7 d- S5 D& ~9 A: a; {( M
* 59% bought a larger home; 24% downsized# t z) p& X6 ?6 a) m& }
* 74% bought an existing home; 22% bought new construction - S: q6 t, H; J8 D6 S * 55% purchased a single-detached home; 18% bought an apartment condo& i8 y% v% K. W/ {
* 5% of households intend to buy in 2010; 53% of those are renters 3 T; B# G2 b0 ]1 k' p5 x1 D * 42% of those intending to purchase plan to make a down payment of 20% or more. * m# @; g( T/ r( y- H. F* }" c3 u+ R6 X( Z: b& [9 u
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters $ R& ~- Q" J: z ) a6 P1 Z7 H2 L3 W6 u. Ronly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?