Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: C' ^9 q3 d; O; ~2 `) ~0 D& P: c/ V- b
* 6% of Canadian households bought a home in 2009: R6 c8 q P3 X: x8 t8 S
* 43% were first-time buyers (up from 36% in 2008) 5 B* v0 s2 N X4 A( X * 35% of buyers were age 18-343 @2 X$ r- d, y2 F: H
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 8 V9 W5 ]4 d9 T# k * 59% bought a larger home; 24% downsized5 ~6 j7 H( p/ J2 P; `, }2 w
* 74% bought an existing home; 22% bought new construction * _$ [; n$ R$ ~6 c3 D9 @ * 55% purchased a single-detached home; 18% bought an apartment condo ! B6 q4 n! x' C+ G) c: X, W * 5% of households intend to buy in 2010; 53% of those are renters $ z w# J+ f# u8 f3 u3 D: p * 42% of those intending to purchase plan to make a down payment of 20% or more. " C- h; V6 M. W- q0 z& \0 l3 k+ ?* o6 M& p3 u' b- W" q
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters/ K! A; Z/ H/ v, c
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?