Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:! x- ~5 D' P% H1 O% i
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* 6% of Canadian households bought a home in 2009 + W2 x+ n1 e! k" T M * 43% were first-time buyers (up from 36% in 2008) ; M0 u: B- e3 c5 p+ q3 X0 f# X * 35% of buyers were age 18-34 $ x# n5 p( |5 \ D * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home' ]( a4 x4 @+ ]$ {, W5 ?+ h3 N6 y6 n
* 59% bought a larger home; 24% downsized# s' ?* I2 _; I% A
* 74% bought an existing home; 22% bought new construction t& g/ F( \, k2 z
* 55% purchased a single-detached home; 18% bought an apartment condo8 x3 \3 d1 y5 `+ n
* 5% of households intend to buy in 2010; 53% of those are renters . z. P- a7 L5 J( C7 J. l * 42% of those intending to purchase plan to make a down payment of 20% or more.& c9 t# D6 I- X5 R" O
" x7 q. n& c5 f, fThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters# j0 q, _; x# x: p Z1 _9 l5 [
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?