Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: 6 [5 F' z \9 Y9 f) B+ o ; b* X/ B: p9 S9 n7 D, [' B7 W, l/ A * 6% of Canadian households bought a home in 20091 Q7 E# \& V& W# M& I
* 43% were first-time buyers (up from 36% in 2008)' d# {! s; ~/ R* {
* 35% of buyers were age 18-34 # k+ F. D0 @8 H5 [: T * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home' O% i4 m; e7 p/ ^& [( ^) X
* 59% bought a larger home; 24% downsized i& l+ }9 w" v1 u( s * 74% bought an existing home; 22% bought new construction 7 v3 }* `& v* O& k" K& K * 55% purchased a single-detached home; 18% bought an apartment condo: z( {( f+ M( j; G) i
* 5% of households intend to buy in 2010; 53% of those are renters- \2 j1 G$ ^( v; B
* 42% of those intending to purchase plan to make a down payment of 20% or more.8 |( D& H0 c' {, _$ r' B
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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 ; L& p/ M$ u; c( Z5 D6 t; c9 b& y+ } 8 ~# f# f& u* Aonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?