Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: # ^9 `, q1 x1 d4 d0 m6 ^" d9 E0 Y+ N8 {# B3 P7 G/ k9 i; }
* 6% of Canadian households bought a home in 2009 & W# \+ S- [. G* |, L( w * 43% were first-time buyers (up from 36% in 2008) + k' } P5 G4 _9 ` * 35% of buyers were age 18-34- i, ]9 H. {( G8 T: m% V/ l5 f2 y
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home) M4 `# s; v) R5 y& }
* 59% bought a larger home; 24% downsized0 s$ J9 I P; l. }! u
* 74% bought an existing home; 22% bought new construction2 I2 l: i( y0 B8 n
* 55% purchased a single-detached home; 18% bought an apartment condo0 D+ }: K5 e$ {0 y
* 5% of households intend to buy in 2010; 53% of those are renters; `2 M$ y& d' ~1 N0 {) h# r8 \6 Q
* 42% of those intending to purchase plan to make a down payment of 20% or more.% |/ R& M* u% n% J
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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 , v Q, k [" b$ m/ m! w0 J V* M. H* x5 O5 z0 }/ i. ^
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?