Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: ( y* [/ i% g' K% B" K ; t- R* a; l% V * 6% of Canadian households bought a home in 2009 e% X) o: X& A
* 43% were first-time buyers (up from 36% in 2008) 5 e3 q$ o) C6 J8 v% z * 35% of buyers were age 18-347 a4 C/ o7 @2 f( M
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home0 q- Z9 ` Z8 ?( @: H5 A! y8 R4 y
* 59% bought a larger home; 24% downsized " d* T* R$ U0 G! N! i * 74% bought an existing home; 22% bought new construction/ p: Z' ~, F5 r* i* I7 L A
* 55% purchased a single-detached home; 18% bought an apartment condo : r) k( q5 y6 s( j6 N * 5% of households intend to buy in 2010; 53% of those are renters p5 Y9 N) S5 _- z& N1 A' w * 42% of those intending to purchase plan to make a down payment of 20% or more.* Y4 Q% \5 Q- r% Y. Q) Y
9 |( Z2 ~5 G+ M* pThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters3 t+ h5 B# D, Z: O$ Z4 k% I! P
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?