Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:" P/ {' u. ~5 h3 l# `1 q% _0 E
3 p4 E0 O: d9 J; x6 z * 6% of Canadian households bought a home in 2009 % F# g! H) [9 o * 43% were first-time buyers (up from 36% in 2008) 6 p% u" c5 @0 r' H * 35% of buyers were age 18-34 4 a1 |2 b1 ~6 p: \ * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home! \; F( W7 t \0 o. s: G( `5 Z
* 59% bought a larger home; 24% downsized - G/ z6 H Y& V2 {% h * 74% bought an existing home; 22% bought new construction { A6 t M- A% k0 `
* 55% purchased a single-detached home; 18% bought an apartment condo ! `. N" ~# q3 b. s- ? * 5% of households intend to buy in 2010; 53% of those are renters ! K/ h0 l+ e5 P8 Y/ ` * 42% of those intending to purchase plan to make a down payment of 20% or more.% N3 G6 t% ?& m' |9 V7 r
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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 # L! m' W6 O% t+ C8 ^3 k* W9 j & [: e) s' o, z/ R& \; U* t5 Uonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?