Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: A4 _* z- H" ]' d, i. U% e2 M' R
- a! s2 @; c- C. B1 b" @ * 6% of Canadian households bought a home in 2009) r5 ~7 m( ^/ E: }/ h
* 43% were first-time buyers (up from 36% in 2008) % |" l3 n; x; P * 35% of buyers were age 18-34" U1 k) F/ H8 W6 m+ T
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home * A3 m( R* z8 b# B: @$ c * 59% bought a larger home; 24% downsized + N; W5 k8 D L; H * 74% bought an existing home; 22% bought new construction; H% A9 W2 S3 W% O+ t! N2 |: Q
* 55% purchased a single-detached home; 18% bought an apartment condo5 O% O7 y5 n8 Z0 L% Q+ c5 e
* 5% of households intend to buy in 2010; 53% of those are renters* J3 ? H7 I" Y9 m' U! Q
* 42% of those intending to purchase plan to make a down payment of 20% or more.- B, X% s8 }- d9 @3 x7 T
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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 renters6 M% ~$ ~/ u8 O0 U5 t+ [
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?