Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:' E- M# r: `' k5 E! X4 c
" g6 [7 @& y- B) @/ g1 ^ * 6% of Canadian households bought a home in 2009 # L7 b( {- j7 K+ ?2 W) l6 q * 43% were first-time buyers (up from 36% in 2008) ; Q9 \0 D/ D) J3 K * 35% of buyers were age 18-34 + ~& G& h' _3 c# y * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home , i+ `* r- T3 D4 R: d2 [' p * 59% bought a larger home; 24% downsized8 }$ G4 \9 M% }( S5 `% S- }. a
* 74% bought an existing home; 22% bought new construction / T9 ?& }, V# @" \! B * 55% purchased a single-detached home; 18% bought an apartment condo9 d# y, @) O3 D2 v% u
* 5% of households intend to buy in 2010; 53% of those are renters% u; U" z- u' t1 y' N
* 42% of those intending to purchase plan to make a down payment of 20% or more.! `( p5 z; q6 K
$ U! p2 L7 F% FThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters3 U8 ^/ `8 w" V Y9 d/ v1 G. L
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?