Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: : d2 K3 A( P( V5 t# o5 N' a' O3 N( L( D( B. x
* 6% of Canadian households bought a home in 2009 " D) I( n$ h4 V: v6 |- N" P! z * 43% were first-time buyers (up from 36% in 2008)9 o4 c# M9 g1 z& C, K" L
* 35% of buyers were age 18-34; L8 F8 ]' ?. } v
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home' ^" [) ~2 r4 C$ t: N6 V# s
* 59% bought a larger home; 24% downsized5 w- W7 Y2 b B3 m
* 74% bought an existing home; 22% bought new construction9 T! P0 x2 [! ~) h
* 55% purchased a single-detached home; 18% bought an apartment condo0 f4 e* B& R- A$ l* c
* 5% of households intend to buy in 2010; 53% of those are renters5 T+ {9 a+ O. ^, F1 L- ^/ }
* 42% of those intending to purchase plan to make a down payment of 20% or more.: E! [* }0 G! T6 a2 C
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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$ p# s0 i, V( D: c
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?