Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:# S2 ^8 o% B9 F3 G
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* 6% of Canadian households bought a home in 2009 9 ]& ^7 t, k* w3 j% ]: f7 W * 43% were first-time buyers (up from 36% in 2008)2 d0 G$ I3 R# K2 W" W: g
* 35% of buyers were age 18-34/ J- P8 m$ H4 x* ?) B
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home& W' I5 D# X- A) B0 d
* 59% bought a larger home; 24% downsized ! @! i" t2 y r' j, E/ ^7 T8 d * 74% bought an existing home; 22% bought new construction 1 n" p+ W, j0 u5 y * 55% purchased a single-detached home; 18% bought an apartment condo - d. v7 g; h' V0 [ * 5% of households intend to buy in 2010; 53% of those are renters ' u: r/ Q, N% ^- a8 ` * 42% of those intending to purchase plan to make a down payment of 20% or more. 6 J. U% F3 `9 j$ w2 X ) i0 N1 z: j$ _5 KThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters ' {/ ^: y# f) T( o k: u- n! ~1 }6 i
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?