Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:6 V, G n" `. g4 k( Y
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* 6% of Canadian households bought a home in 2009; l& h$ j3 f% a) f8 I, ^
* 43% were first-time buyers (up from 36% in 2008)0 J9 Z+ D7 x/ V$ u
* 35% of buyers were age 18-34 ; N) t1 @3 I8 U( u * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home0 C9 W& z; Q$ e
* 59% bought a larger home; 24% downsized 7 x- ]6 e& ~! i' Z3 P * 74% bought an existing home; 22% bought new construction 7 }2 u {3 ~5 X0 h( K * 55% purchased a single-detached home; 18% bought an apartment condo: `: G. R, E: `/ [* Z
* 5% of households intend to buy in 2010; 53% of those are renters: T$ Z7 n K; `3 ^9 v
* 42% of those intending to purchase plan to make a down payment of 20% or more.8 M# A5 t/ z: m# i- e
4 b+ _& V$ f8 ?# xThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters L# s" N9 N2 }1 ^: ]9 J `
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?