Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: ) J5 V- `1 ~, |5 h) u9 p H# P# T8 x# B1 _
* 6% of Canadian households bought a home in 2009/ Y, w4 f# [8 V! @# n7 X- a
* 43% were first-time buyers (up from 36% in 2008) 1 Y% h" q* ~; I' B8 i6 n% B * 35% of buyers were age 18-34 : g" Z' ]0 R# ?9 y) P: v: h3 I * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home; J8 v; S0 g" S
* 59% bought a larger home; 24% downsized" W* {9 g1 ~, n; x5 ~1 p( r
* 74% bought an existing home; 22% bought new construction$ ]2 s3 V/ s; q
* 55% purchased a single-detached home; 18% bought an apartment condo ; i& i# u5 {! g6 N Q. M4 j& } * 5% of households intend to buy in 2010; 53% of those are renters% @. Y @! r7 s# q: ~1 {
* 42% of those intending to purchase plan to make a down payment of 20% or more.6 i7 i( h4 h' y
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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 ' A4 C9 C+ Y6 J' v6 _6 P; \, c: c. ~4 Y5 v+ k: Y; _' `5 m5 h8 ~& R
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?