Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: 1 Z1 t: D7 m1 K5 [/ I0 P/ u# M5 |1 O# X* K" W) ]7 M# C: e& r
* 6% of Canadian households bought a home in 20092 V! `9 N7 U3 p1 `
* 43% were first-time buyers (up from 36% in 2008) 6 g9 e7 x% t: r" d+ i, @ * 35% of buyers were age 18-343 K9 `& w/ M, A! p Q" [9 N
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home1 ^1 c. t- g7 x, _/ z: b* h# _9 W
* 59% bought a larger home; 24% downsized" F. m# H4 ]9 s
* 74% bought an existing home; 22% bought new construction " M9 e3 }9 C6 l# u% q6 [# q * 55% purchased a single-detached home; 18% bought an apartment condo $ `) L9 p- b5 h C * 5% of households intend to buy in 2010; 53% of those are renters 9 c0 o/ I/ b9 Y8 R- g* x& \2 j * 42% of those intending to purchase plan to make a down payment of 20% or more.: _, f/ E; u) Y5 k; Z
2 K% x/ k* t# M- [( ?( tThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters( R8 [ \+ d- _+ j( T6 e. R/ p
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?