Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:$ a7 m! {% ?( z* I: }
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* 6% of Canadian households bought a home in 20098 y& }) d0 y4 |/ s
* 43% were first-time buyers (up from 36% in 2008) , N1 z6 v3 s H1 Z * 35% of buyers were age 18-34# M5 f- Q, d6 F; `9 Y
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 8 k$ ~6 d" f; @9 D h * 59% bought a larger home; 24% downsized1 u8 f2 v' ?$ z* P% {9 z: k6 F
* 74% bought an existing home; 22% bought new construction6 g' }- K! D# [: |) K& d6 T6 G
* 55% purchased a single-detached home; 18% bought an apartment condo Q! P% m m: u# c6 n/ F
* 5% of households intend to buy in 2010; 53% of those are renters) `4 z9 y- g0 b- A* j) a
* 42% of those intending to purchase plan to make a down payment of 20% or more. 7 @6 v) L, H# C6 N6 Y6 S9 h, C r5 g/ N# u
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters! G3 W3 T% t$ d# I6 @
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?