Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:8 Z# D$ |) f9 U8 T p" m
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* 6% of Canadian households bought a home in 2009/ ~, U, C% u; a, t& i
* 43% were first-time buyers (up from 36% in 2008) ! J# n9 q3 g0 v% m- x9 H' a * 35% of buyers were age 18-34 2 Q- H- z7 W( ]4 z7 W- e) u * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 8 K! a3 Z: N* A5 H * 59% bought a larger home; 24% downsized- ^3 g+ H7 O( b4 e5 {
* 74% bought an existing home; 22% bought new construction$ m; w- {( A5 H1 v5 f% o" j
* 55% purchased a single-detached home; 18% bought an apartment condo; l& F( M! \/ u4 n5 n; o
* 5% of households intend to buy in 2010; 53% of those are renters 8 L6 g; C+ z% i/ k6 S9 d3 V7 ` * 42% of those intending to purchase plan to make a down payment of 20% or more. * P H! Z' W$ H3 w' _5 Q+ _ , p. O6 R# X4 r6 xThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters * f9 T6 |) E4 Z& M* X* c # f7 F) C# `% R& B( ~" x$ Honly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?