Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:, q: Z2 a3 {# F3 F9 {' m0 N. j
! d8 q0 }6 x$ i( Y * 6% of Canadian households bought a home in 2009 8 ]8 L* x. L8 y* U& k * 43% were first-time buyers (up from 36% in 2008) # w( ^! l6 D" Z+ T5 I$ f * 35% of buyers were age 18-34( d' Y# h i5 W6 J' i5 e: z+ d0 ~
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home8 d' A: R/ V$ V# o
* 59% bought a larger home; 24% downsized& k+ ~, x* \5 S9 H
* 74% bought an existing home; 22% bought new construction : z' R x4 E3 m% ]2 a0 U0 C3 \" n/ b * 55% purchased a single-detached home; 18% bought an apartment condo: \) v6 U; F2 |5 `
* 5% of households intend to buy in 2010; 53% of those are renters8 H3 [9 U! |2 M7 D
* 42% of those intending to purchase plan to make a down payment of 20% or more.: v3 m' u8 ?4 T) @
- _- f" E! G# u2 _6 o* H, wThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters ' p' J8 N+ q* b; q+ X/ `% a, c I) K; R8 Q$ M
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?