Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:8 h) m' y L- s- Y
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* 6% of Canadian households bought a home in 2009 / y6 s% m, \/ w0 ~. ^ * 43% were first-time buyers (up from 36% in 2008)4 F% s! k7 j6 A8 b
* 35% of buyers were age 18-34 ; {* m+ ~5 j7 @5 i * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 5 i V3 t) T) S+ v" m9 Y+ i * 59% bought a larger home; 24% downsized' N3 a& `3 G. L8 G* Q# R+ y: ~
* 74% bought an existing home; 22% bought new construction 6 |" P5 c5 {. I) O5 j * 55% purchased a single-detached home; 18% bought an apartment condo " s: q+ l# ^/ t- N * 5% of households intend to buy in 2010; 53% of those are renters 5 ^ W- Y; n) E: P( O& D: K6 Y * 42% of those intending to purchase plan to make a down payment of 20% or more.; f8 B5 v. A* |6 k/ n, O
1 }" l2 C( i! W$ n2 y d1 d4 k8 RThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters& S: V3 `) a" J" _" b7 \
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?