Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: * [! b' @' a5 [# f2 b / i2 `2 _. {1 i5 D8 g+ E0 Z, H! e) E * 6% of Canadian households bought a home in 2009% Q. |$ n G: X3 T/ W: n1 V
* 43% were first-time buyers (up from 36% in 2008) Q# J2 o. D/ {7 }& @' s9 K * 35% of buyers were age 18-34 4 ?* s3 x. v! | * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home3 v* U. R( s5 l6 F# m
* 59% bought a larger home; 24% downsized) _7 [% I3 e7 v6 {, B7 A5 J
* 74% bought an existing home; 22% bought new construction 4 a6 N8 G g1 J7 [ * 55% purchased a single-detached home; 18% bought an apartment condo 2 }! z3 O3 ^1 i) S- q * 5% of households intend to buy in 2010; 53% of those are renters + m' G; M3 ^$ b * 42% of those intending to purchase plan to make a down payment of 20% or more.2 l) P2 @% K9 h" ~8 ]4 A# q+ G
/ _; ^2 B a: ?5 n, e5 B1 mThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters. Q P) m$ W1 x
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?