Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:, b/ a k; M ^! u
/ b9 t2 e$ T; j3 U: P6 F* |* O @ * 6% of Canadian households bought a home in 2009( V3 V. l1 A5 {# v8 u9 }
* 43% were first-time buyers (up from 36% in 2008) # K3 R( X4 y, |2 t; G * 35% of buyers were age 18-34 % y5 d/ f, b. O: p * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 6 P, c d* S& R; ? * 59% bought a larger home; 24% downsized4 e( Z9 {% m* X; m$ [
* 74% bought an existing home; 22% bought new construction ) o0 F2 C4 n/ O7 w* I * 55% purchased a single-detached home; 18% bought an apartment condo / A& l4 }& `1 L9 D" H * 5% of households intend to buy in 2010; 53% of those are renters ! D6 q& l3 j7 m o6 N7 V * 42% of those intending to purchase plan to make a down payment of 20% or more.* r5 R/ J6 A) M9 l3 D
$ m# p x# |% y) S5 A% y# }The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters2 d0 J: b' o9 o% M! H8 t8 Y! f
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?