Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:9 ?, E; Z. d, o' U5 ]% R
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* 6% of Canadian households bought a home in 2009 ! a h. A# p( K* I4 q7 o * 43% were first-time buyers (up from 36% in 2008) 2 x! g' Q3 Z) s1 U& X3 A * 35% of buyers were age 18-347 ]3 u3 { X9 b( a
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home1 ?+ s2 }& I! j/ M5 V
* 59% bought a larger home; 24% downsized1 j( z7 S( e @/ Q+ I/ ?
* 74% bought an existing home; 22% bought new construction 1 ^/ l# G) H) C/ [- W1 d' j * 55% purchased a single-detached home; 18% bought an apartment condo j% p6 }2 ~ n+ l
* 5% of households intend to buy in 2010; 53% of those are renters # t N1 j3 P0 u6 J* E# Q) I$ H * 42% of those intending to purchase plan to make a down payment of 20% or more.5 _* K' y6 ]) h; N* v6 I" _3 C
& a( f/ q" L" w* e8 i4 X. D2 Y% AThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters + z8 r3 ^& T+ Z8 b8 \" i. }: a/ K" e6 d& o' k p0 c
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?