Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:3 j4 ]8 z4 S x' C1 U" g
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* 6% of Canadian households bought a home in 2009 [+ R, v8 E: C" ^ * 43% were first-time buyers (up from 36% in 2008) * u' m L' e& x * 35% of buyers were age 18-34: g8 p' T- ?( w4 y! e& Z+ m: i% l
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home+ N$ E- t2 p+ g
* 59% bought a larger home; 24% downsized 2 Y3 n0 i$ Q1 Q. o1 ^: N * 74% bought an existing home; 22% bought new construction % e- r. x* k* U; m- O( a3 c; v * 55% purchased a single-detached home; 18% bought an apartment condo. J0 C& D; }' G( y) ?; T5 X
* 5% of households intend to buy in 2010; 53% of those are renters 5 `4 D; Z: Q3 z! ~" B * 42% of those intending to purchase plan to make a down payment of 20% or more. & @7 h4 W# n8 M+ s8 ?: }" |3 ]$ D8 V+ g# O6 Q
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters 1 q" |( D# A" ^3 C! D , p/ f6 D s" G3 { `only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?