Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:- Z( @7 l3 N# c5 e7 K! E
: {* c- o \! Q3 g * 6% of Canadian households bought a home in 2009 6 @. J% c, ]( X; ]" U * 43% were first-time buyers (up from 36% in 2008) ( _9 ~" Q/ z/ W& D4 Y8 g5 ?/ L * 35% of buyers were age 18-34 8 c8 b$ M, A2 p1 x * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home4 m: |% B' l% n+ a' O
* 59% bought a larger home; 24% downsized9 C/ z% B; r3 h% i3 D2 o' q1 U
* 74% bought an existing home; 22% bought new construction* [2 Y6 d U6 b. U, _: f
* 55% purchased a single-detached home; 18% bought an apartment condo- Y7 Q* P) h {
* 5% of households intend to buy in 2010; 53% of those are renters 8 s9 ~! p8 L/ T0 i* x0 l4 { * 42% of those intending to purchase plan to make a down payment of 20% or more.1 ~: {- p% _" {8 i3 O! X) I6 M
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The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters, ~/ w$ S8 o; @5 |( I' R
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?