Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:+ {" |* A' n( u9 \9 \& j
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* 6% of Canadian households bought a home in 2009. r$ N$ P! A( f2 s, z7 Y1 |* n% U+ C
* 43% were first-time buyers (up from 36% in 2008); g& D Y% S/ S' a
* 35% of buyers were age 18-34 0 `8 S* X: m; Z) D$ f5 ^, `9 i! D * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home : M+ X# t1 p# b * 59% bought a larger home; 24% downsized# c, A1 T- k* q+ J6 D
* 74% bought an existing home; 22% bought new construction $ i: H; p6 s2 h( b * 55% purchased a single-detached home; 18% bought an apartment condo/ {3 h0 G- c2 v5 [* `- C$ j
* 5% of households intend to buy in 2010; 53% of those are renters 6 k V# c1 r5 S/ s * 42% of those intending to purchase plan to make a down payment of 20% or more.; Z% w! @ A3 {
! \! K6 P6 \. y- bThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters ( ]6 s5 ~4 \7 v 0 h/ z( w& A1 S7 t( D1 f/ nonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?