Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: 1 P& T+ L2 Z+ ^+ t; l* F9 ^6 g- ^. i# H9 [/ D9 M* j3 }
* 6% of Canadian households bought a home in 2009 & K4 [- X2 Y7 M* D- U0 g * 43% were first-time buyers (up from 36% in 2008), j( i- A3 ?. X& G
* 35% of buyers were age 18-34 : E+ |; d4 n: J* r: g# \/ Q * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home , w( r% A9 `1 u3 o' @ * 59% bought a larger home; 24% downsized & `) i' ]4 ^* l5 ^. C. ?" @ Q * 74% bought an existing home; 22% bought new construction& ^9 U# X; b' w
* 55% purchased a single-detached home; 18% bought an apartment condo% O8 Z! f0 q3 Q# H3 [. ~" P
* 5% of households intend to buy in 2010; 53% of those are renters5 ]% w8 x* Q) D- b; T
* 42% of those intending to purchase plan to make a down payment of 20% or more. : A2 d9 v" Q! X* }1 t5 y# a- i 8 |- c0 P) z4 F5 Z5 eThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters _) E. t' p, x! j! D) _9 ~0 q0 @7 g4 _& U5 A0 w1 X
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?