Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:+ Y3 h) k S4 }1 q# b
/ e, x4 f; @. x2 c- H * 6% of Canadian households bought a home in 2009 " s! M: A( t/ ^3 z9 N# a7 m * 43% were first-time buyers (up from 36% in 2008)4 G9 O' u/ w$ `
* 35% of buyers were age 18-34! @; ?/ K1 ~6 r! \+ U" [8 T! v( ?
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home ; m2 a, u6 S" U! y, V) c0 j * 59% bought a larger home; 24% downsized ' i. M1 G3 M. Y- w* y: n- Q * 74% bought an existing home; 22% bought new construction" B6 n+ `% I& i% Q6 N. Q" Y
* 55% purchased a single-detached home; 18% bought an apartment condo / P7 g; r1 S; y- j2 T * 5% of households intend to buy in 2010; 53% of those are renters 3 r; d" l+ D* u" `" o * 42% of those intending to purchase plan to make a down payment of 20% or more.# O5 G3 ?/ t, e: r; S: T5 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 1 v' n5 l9 }. W' b% l, t( y" }& G; n, V; b2 D4 j* C# s
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?