Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:8 ~3 F; D; k" G
1 j/ G: L, W8 B6 |; A% S * 6% of Canadian households bought a home in 2009+ \4 f+ `" U2 V8 x, N
* 43% were first-time buyers (up from 36% in 2008)2 d: A, U$ D8 B: c1 ~$ j- ^& r
* 35% of buyers were age 18-34 0 ^" U" |: Q b5 g * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home5 R5 G; Y: n/ c
* 59% bought a larger home; 24% downsized8 P; H" P- W& l0 B
* 74% bought an existing home; 22% bought new construction " p+ U+ Y& y$ @ * 55% purchased a single-detached home; 18% bought an apartment condo4 r+ n! g3 q3 ~
* 5% of households intend to buy in 2010; 53% of those are renters: y2 w {2 h. S) M
* 42% of those intending to purchase plan to make a down payment of 20% or more.9 {% u3 I! D6 S- G- Y, P5 v
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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, o6 Z0 N* z# V; J4 N
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?