Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: # F6 E+ c: ]2 s5 i& h2 t4 K- B: a8 h! Q9 S2 N
* 6% of Canadian households bought a home in 2009 8 K7 Z7 Q- s5 J, M8 j% O- a* {4 _* w K# C7 D * 43% were first-time buyers (up from 36% in 2008) 2 M- \- \" ]/ _) B% n7 V * 35% of buyers were age 18-349 I2 R9 O6 S1 u: M
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home5 V6 \' H d4 I/ ~/ W% D
* 59% bought a larger home; 24% downsized 7 w* o% D$ U, P+ e- h: V; e * 74% bought an existing home; 22% bought new construction * \9 x: |! o" }; n$ ~2 Z * 55% purchased a single-detached home; 18% bought an apartment condo% I/ d% L7 b1 H# y5 F! `7 N b& x, M
* 5% of households intend to buy in 2010; 53% of those are renters ' s1 {6 A0 K3 E# E* B * 42% of those intending to purchase plan to make a down payment of 20% or more. ; U* V; h: m9 Q1 S8 W" t9 e* ^' G# F9 B g
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters2 V$ w- `, n' B. @4 `% [
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?