Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:+ n+ p# A& M# z+ v. ^) I6 D
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* 6% of Canadian households bought a home in 2009- A$ D0 n! @8 e& ^5 g9 t
* 43% were first-time buyers (up from 36% in 2008); P# X e. ?7 n# o/ p
* 35% of buyers were age 18-34 ( |1 q) C: l5 @- d9 G * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home4 d' B, o9 ]9 s. R4 o8 L0 h
* 59% bought a larger home; 24% downsized ( C! a0 ^) j8 Q! j% }! ^3 E: z0 ^ * 74% bought an existing home; 22% bought new construction 9 e8 ?; x, U7 y7 A * 55% purchased a single-detached home; 18% bought an apartment condo 5 j. {5 B8 z9 _ * 5% of households intend to buy in 2010; 53% of those are renters1 g% ]8 _3 {7 f- \' j
* 42% of those intending to purchase plan to make a down payment of 20% or more. 2 {. a" o7 p- Y* v6 b+ y, }" A$ x7 S, } m7 H; R+ X
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters ) P' T0 p( X4 F) g5 ?- X: n" M3 p
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?