Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: 4 g: H7 Z1 y& b. {5 ~& @- ~- ^9 c P- [
* 6% of Canadian households bought a home in 2009! l1 M6 T9 k/ O& U q& |% [9 |3 h8 }0 \
* 43% were first-time buyers (up from 36% in 2008) * o$ r* ~9 ? {1 j6 Z; A * 35% of buyers were age 18-34, {# X" e9 |7 u6 h" H/ l
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home$ i+ n" x# S h+ s+ Y
* 59% bought a larger home; 24% downsized $ Y- m7 j$ \) D6 f * 74% bought an existing home; 22% bought new construction5 L& [2 m* ^5 h4 z
* 55% purchased a single-detached home; 18% bought an apartment condo" w5 i' @9 C/ @ ?, J
* 5% of households intend to buy in 2010; 53% of those are renters # z4 s, N( M/ { r+ K+ q * 42% of those intending to purchase plan to make a down payment of 20% or more.3 c$ R) D& x* C* N
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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* X+ `: b2 [& p5 E' l0 g" G. L
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?