Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:5 ]0 y3 r4 H! E$ X
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* 6% of Canadian households bought a home in 2009( W; r( ?+ K( p0 W: a C7 j
* 43% were first-time buyers (up from 36% in 2008) 5 E; I0 j7 |8 ]$ e * 35% of buyers were age 18-343 H* [+ @ l7 U/ A8 t3 B6 @( |
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home : a% [! j, z- Q( @) K. n+ a * 59% bought a larger home; 24% downsized/ W. u3 m" @+ B1 t& p0 y: e
* 74% bought an existing home; 22% bought new construction 0 q, a' d; d, M9 ~ * 55% purchased a single-detached home; 18% bought an apartment condo; b# |7 x& J# A l/ B
* 5% of households intend to buy in 2010; 53% of those are renters" g/ k9 p' ]7 R1 l( a5 K3 U# W4 ?7 J
* 42% of those intending to purchase plan to make a down payment of 20% or more.2 c* u8 F _9 o3 l- E5 r; X: f
3 o8 n( D$ [ C$ t8 U3 [. C4 a9 y+ @The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters0 c- [9 i! |# ]
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?