Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:. T& m& }% L8 B. K: I) Q/ e
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* 6% of Canadian households bought a home in 2009 " d0 k% ]& C9 R& g } * 43% were first-time buyers (up from 36% in 2008)7 m$ A+ W9 E m3 r7 ~ S" t j
* 35% of buyers were age 18-34; o- j3 N1 q0 d/ d' O
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home & _. X( b9 p* h- z/ B * 59% bought a larger home; 24% downsized + j* }1 c- c1 s0 D. N% V * 74% bought an existing home; 22% bought new construction% G% |- L7 G+ Q
* 55% purchased a single-detached home; 18% bought an apartment condo+ s" `% W) B2 Y+ Y
* 5% of households intend to buy in 2010; 53% of those are renters F2 j9 Q0 I9 O {! D1 r * 42% of those intending to purchase plan to make a down payment of 20% or more. " }7 ^2 i- k# X/ ?4 _+ V4 n- a$ C1 e6 D [
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters ; l9 J& L! Q. v# h7 O& |8 n . N8 ^2 C% j' F o) p1 H/ u" zonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?