Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: 0 i' C) H/ O; e) e3 n1 h. v* z7 h) f
* 6% of Canadian households bought a home in 2009+ F. `8 Q) l# w6 a8 G
* 43% were first-time buyers (up from 36% in 2008)8 J7 z, _2 t# F) B5 x) ~7 P
* 35% of buyers were age 18-345 j' q) k$ u% I, X) G* E- p: a
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home $ h4 ?0 K5 I) U0 z7 s * 59% bought a larger home; 24% downsized% h ~9 t; c! g5 P6 X- z9 Q& G3 X
* 74% bought an existing home; 22% bought new construction ' F& k Y0 c0 U" `3 O! P& g9 g * 55% purchased a single-detached home; 18% bought an apartment condo - d+ ]; w i) q7 G' y * 5% of households intend to buy in 2010; 53% of those are renters " e1 A( r7 G+ `& U * 42% of those intending to purchase plan to make a down payment of 20% or more." i/ V$ f, d) p- T2 \1 B9 }$ U
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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& \; _4 |( F5 I
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?