Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: & H2 y; k8 T; ~9 o8 D7 w c1 H3 S
* 6% of Canadian households bought a home in 2009 9 g4 i4 h. d2 E$ \! ? * 43% were first-time buyers (up from 36% in 2008) 0 Z- e7 a7 e, K0 J# @ * 35% of buyers were age 18-34 - I# T: V- }8 R- F( x, }7 ?7 s/ q * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home: o1 A- _* }) t* q2 o$ v: G
* 59% bought a larger home; 24% downsized + r5 b( x9 [, [4 Y4 r x6 _5 R * 74% bought an existing home; 22% bought new construction% e8 h. F* V0 w$ d: k: f
* 55% purchased a single-detached home; 18% bought an apartment condo 8 a/ |9 B( b& O) A * 5% of households intend to buy in 2010; 53% of those are renters9 Z q4 {6 e7 d0 q/ Y* h: j1 W6 w/ U
* 42% of those intending to purchase plan to make a down payment of 20% or more. ?: ]0 H6 o% y7 U4 o
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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 ! O3 f% c# W" [# x ) e, C4 v- e5 O: m9 k0 Gonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?