Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:; A# t/ l! J. g" b' e) `& ^3 n
8 S) q' F- ?) Z" u- r% R: G9 j
* 6% of Canadian households bought a home in 2009+ |: C4 G8 I. y, u9 u
* 43% were first-time buyers (up from 36% in 2008) & F. T6 c- j' V * 35% of buyers were age 18-34# m* Z- B# Z1 j' R
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home7 V& g0 m" M) `9 F0 J" W# K
* 59% bought a larger home; 24% downsized 0 {3 J, ~ _8 E& i: l! R/ A& ~ * 74% bought an existing home; 22% bought new construction, S ?; s0 v; z. T8 n6 _
* 55% purchased a single-detached home; 18% bought an apartment condo $ z+ R0 i6 D% f: A7 h * 5% of households intend to buy in 2010; 53% of those are renters . Q# Q' X! r3 o2 `6 A * 42% of those intending to purchase plan to make a down payment of 20% or more.: w5 g. [9 _5 ]3 b4 d9 v
7 o8 Z. ]! D% o. n2 M( ^The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters 6 ?/ O5 Y1 g, i% L0 A7 { 2 J: \0 d. ]( C3 V4 E# Y' Yonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?