Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: 2 j# x' v- {: C! J/ i 5 D: H: C/ @/ V) b. p# e( R8 f& C * 6% of Canadian households bought a home in 2009% W7 w3 n5 d* @' ], F
* 43% were first-time buyers (up from 36% in 2008)& D" d% M3 y3 t! [
* 35% of buyers were age 18-34( `2 ?$ C( s/ Q
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home6 e; @) d4 E. W
* 59% bought a larger home; 24% downsized * E, l+ n% r. K% D$ [ * 74% bought an existing home; 22% bought new construction3 h; s" L3 d' T
* 55% purchased a single-detached home; 18% bought an apartment condo$ o* t# ]* H7 F* l) W
* 5% of households intend to buy in 2010; 53% of those are renters 7 i% ~5 g- V8 s+ G* b * 42% of those intending to purchase plan to make a down payment of 20% or more." G# W, j8 \& K; p& K+ A
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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- J+ Q c* c0 G! s5 M; `9 b
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?