Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:0 e0 d- D$ V: _, w
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* 6% of Canadian households bought a home in 2009 - \* ^ M1 b F5 H' ]6 p * 43% were first-time buyers (up from 36% in 2008) & g* s5 n8 D' G$ @. ?1 w * 35% of buyers were age 18-348 T- W ~3 y C
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home/ C8 H6 h: }! T0 H5 ?1 n
* 59% bought a larger home; 24% downsized0 A5 K+ |3 i; ]* R6 N
* 74% bought an existing home; 22% bought new construction * k1 R7 b1 K; {+ N6 e2 ~# ?2 ~4 B& Z * 55% purchased a single-detached home; 18% bought an apartment condo * A0 Q9 P1 X+ k5 A$ w0 L3 u * 5% of households intend to buy in 2010; 53% of those are renters 3 g( P A- f# Q; a6 b9 I4 c h * 42% of those intending to purchase plan to make a down payment of 20% or more." y4 V p3 y3 a# Z( B
4 @, D' ] L( S: W% ]; A7 d( wThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters # | v7 Z N. n% }/ Z8 z$ K, Z. ~/ k5 Z) |7 |: Q; ?5 _
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?