Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: . L' F) ^1 E9 I* y2 y3 }" g4 M$ Z, j0 _' D8 ~7 N- Q
* 6% of Canadian households bought a home in 2009) ?% ^; l4 z2 W0 I* r
* 43% were first-time buyers (up from 36% in 2008)( V+ V7 }& }: C9 ^2 z! e
* 35% of buyers were age 18-341 Q. j* S' k: z
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home4 g0 T9 R) q" `2 F. k; Y6 g
* 59% bought a larger home; 24% downsized) M$ Y& e: d: G% U6 a
* 74% bought an existing home; 22% bought new construction * {0 i1 _! y+ j: ] * 55% purchased a single-detached home; 18% bought an apartment condo, |1 C0 B- u% n' A
* 5% of households intend to buy in 2010; 53% of those are renters+ y* X+ S, J) P: N% ?! p
* 42% of those intending to purchase plan to make a down payment of 20% or more.7 z( B+ N( `# p; A% a
7 o e: u, d+ N F
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters $ v/ e S5 r# a9 k( }& e. c2 ^1 q! c- B$ [* b
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?