Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:. X+ e. g8 P0 x( r# g; A
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* 6% of Canadian households bought a home in 2009 * I5 t% p% f: t" q * 43% were first-time buyers (up from 36% in 2008)& \! C+ w2 }- y* S; r f1 p
* 35% of buyers were age 18-348 V* b& r# a* w" N0 k# V. F$ `! O
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home: _0 q! g- f8 e2 u% }5 d) a
* 59% bought a larger home; 24% downsized 9 ?9 p7 `1 G; V. f8 k8 N * 74% bought an existing home; 22% bought new construction 3 c( `+ V% s# l$ ~, m1 `" }# @ * 55% purchased a single-detached home; 18% bought an apartment condo1 x8 T" e5 l1 R2 ^
* 5% of households intend to buy in 2010; 53% of those are renters5 Z1 G& R/ b- A; f2 q& z
* 42% of those intending to purchase plan to make a down payment of 20% or more./ J0 D! [6 w* {4 U5 {1 N
2 C5 f5 q8 J2 A9 [- rThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters( E! I, z6 p2 F% C( j% M
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?