Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:, H6 r5 J" k b: m+ {8 c
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* 6% of Canadian households bought a home in 2009% e3 f0 ~" M/ U m
* 43% were first-time buyers (up from 36% in 2008) 1 U6 U* e6 h" t" ` * 35% of buyers were age 18-34+ q; m4 k1 P' q1 f
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home . g; C( O1 a \& D * 59% bought a larger home; 24% downsized# w$ a% y8 m& [9 ~6 [; z3 h. y& v
* 74% bought an existing home; 22% bought new construction7 I- _. J& y _' {5 d
* 55% purchased a single-detached home; 18% bought an apartment condo3 `3 z8 o1 E! p
* 5% of households intend to buy in 2010; 53% of those are renters) d. X1 F" Q2 q/ H
* 42% of those intending to purchase plan to make a down payment of 20% or more. % v6 c! x6 b, N q ]9 O. y5 j. W' _1 G* P3 N, d
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters ( C6 ~0 R: c9 l& T 4 r% Q: V+ D9 i. Ionly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?