Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:/ j3 g0 G* t9 k2 T
@# f" ?" s! U * 6% of Canadian households bought a home in 2009 * P) |* i ~- ]! ]+ U& l2 m * 43% were first-time buyers (up from 36% in 2008) 8 C; V/ X' s9 w# E * 35% of buyers were age 18-34& f; {/ D! B1 T- q% }# V7 n+ A$ q
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home s% B& J7 y: Y
* 59% bought a larger home; 24% downsized 8 P9 a. Y3 M1 w& m * 74% bought an existing home; 22% bought new construction % r$ M8 ~$ j+ q& ] * 55% purchased a single-detached home; 18% bought an apartment condo 2 @6 P6 p) D/ n( t! S; I* l * 5% of households intend to buy in 2010; 53% of those are renters 7 V$ b! c$ ]3 s& ^! B8 x% S * 42% of those intending to purchase plan to make a down payment of 20% or more.& e1 M3 }4 U& e' x) r- n: o
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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 renters 5 e; z: a3 A0 ~3 b$ D2 {- g6 e4 H) f
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?