Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:5 ] I. j7 U4 }' A
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* 6% of Canadian households bought a home in 2009- \3 p1 U" `6 L: i% ~
* 43% were first-time buyers (up from 36% in 2008) : i6 l. o% Q4 _0 J+ R/ s * 35% of buyers were age 18-34/ z, P4 i: Z8 o* |! y6 p
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 2 a2 x( p- T" G * 59% bought a larger home; 24% downsized - q4 p% |+ R/ b, R * 74% bought an existing home; 22% bought new construction" Z D) B# o* z/ s
* 55% purchased a single-detached home; 18% bought an apartment condo 9 P! U0 q) Q, p8 T) r! L5 q * 5% of households intend to buy in 2010; 53% of those are renters $ w/ K/ v" p# v0 Y2 F, L * 42% of those intending to purchase plan to make a down payment of 20% or more.8 h( A# [# I% [# l) [
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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 , r- U# b8 [1 W2 ^( f; i& f0 o) [
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?