Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:9 J J) S: O& z% O! L
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* 6% of Canadian households bought a home in 20099 M& X! R1 b% y# P! C' y1 O- B# ]
* 43% were first-time buyers (up from 36% in 2008)( z$ s# W1 b- ^( o4 d# I
* 35% of buyers were age 18-34 , u8 w" _8 A, m$ `# B# D( q5 e. i * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 3 Q1 l1 F/ q |; h * 59% bought a larger home; 24% downsized , e( q9 k& _: j: W- Y" s( z * 74% bought an existing home; 22% bought new construction / u7 A0 }5 @" v' S. n7 m# R6 ^3 ^# Z * 55% purchased a single-detached home; 18% bought an apartment condo I. a1 R- M9 ~- } X * 5% of households intend to buy in 2010; 53% of those are renters- v9 U5 M: v4 z5 P+ b
* 42% of those intending to purchase plan to make a down payment of 20% or more.& j3 @' [- W2 E5 M: x$ I0 u
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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 : C8 ?* S+ _) | i. G5 z. D; K% t) o+ i% C- Wonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?