Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:' M. j7 g/ c0 h- z7 G+ B# e
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* 6% of Canadian households bought a home in 2009" J. Y6 [& g( |4 q! S* s
* 43% were first-time buyers (up from 36% in 2008) 3 ^- [# T+ I2 z& Q- D * 35% of buyers were age 18-34) L6 M8 P6 G; G- C: S# D% M
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home/ t$ `* V9 B K5 [
* 59% bought a larger home; 24% downsized 3 {1 c8 W3 O+ _/ {7 G; n * 74% bought an existing home; 22% bought new construction " d$ M3 ]7 f( i1 y( d; F. l * 55% purchased a single-detached home; 18% bought an apartment condo4 y* @1 L' Z$ t/ f
* 5% of households intend to buy in 2010; 53% of those are renters : @+ P* o; D7 K3 W7 } * 42% of those intending to purchase plan to make a down payment of 20% or more.- g- s' h3 T! a8 P8 j4 K3 E5 B5 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 " Q1 s$ y1 Q2 |; s8 }' J) x2 V& o' E! X
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?