Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:. }4 p- ]$ A/ o
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* 6% of Canadian households bought a home in 20096 `: z6 Q0 Z7 F; F: g
* 43% were first-time buyers (up from 36% in 2008)( w7 _- f+ h! t% e3 E, F" L
* 35% of buyers were age 18-34 # x2 J! J2 L1 O! v * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home6 _! o6 m% u/ g+ e* _) b0 i, r
* 59% bought a larger home; 24% downsized& i. F3 P: }: W$ q" E% z L
* 74% bought an existing home; 22% bought new construction $ C; E' [: U! F3 z* ]( s * 55% purchased a single-detached home; 18% bought an apartment condo) ^* L4 `9 _+ }' s5 C
* 5% of households intend to buy in 2010; 53% of those are renters ! ]' }& t9 F7 S1 ~8 u * 42% of those intending to purchase plan to make a down payment of 20% or more." Q5 _# d$ h/ [6 V. M5 f
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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 renters9 {( A5 |4 r: B3 ^7 v% U8 \+ L
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?