Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:' K3 v$ z5 o- U7 n! w X
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* 6% of Canadian households bought a home in 2009 ! e) x8 g: O7 ?" m: ? * 43% were first-time buyers (up from 36% in 2008) 6 s' p* Z: T) e * 35% of buyers were age 18-34 , }" @- O ] [! \3 i, Z9 | * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home6 @" a4 r" W$ r1 D
* 59% bought a larger home; 24% downsized / V$ i/ e q8 z/ J# i4 h * 74% bought an existing home; 22% bought new construction# z7 ? B; K' y$ {1 D
* 55% purchased a single-detached home; 18% bought an apartment condo7 O3 ?6 b/ H3 B$ G# J, G# M
* 5% of households intend to buy in 2010; 53% of those are renters , Z' R# e3 ? P0 W) H! { * 42% of those intending to purchase plan to make a down payment of 20% or more. $ f& z$ I- r; W' v 7 D* d" A0 U/ @7 z) g. n5 hThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters0 q$ C! T/ I. x7 k- I' w- d
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?