Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: 9 d/ i7 \& o0 f4 y& K7 H* N ! {7 T1 U* r3 w7 f * 6% of Canadian households bought a home in 20095 E6 d" a5 P, c, H; S9 A2 `$ }
* 43% were first-time buyers (up from 36% in 2008)* q1 W6 K6 F+ z- K% Q8 T
* 35% of buyers were age 18-34 ' l( c4 j' d0 M * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home P) S( J/ S" S1 Y8 W+ C# v3 g * 59% bought a larger home; 24% downsized 8 [4 t' N ]$ o& A * 74% bought an existing home; 22% bought new construction * @7 B f7 u8 F& p- Z) ]2 ? * 55% purchased a single-detached home; 18% bought an apartment condo 0 U/ p- M3 f5 F9 b5 N* G' D$ a * 5% of households intend to buy in 2010; 53% of those are renters2 c) p3 x5 e# v3 m
* 42% of those intending to purchase plan to make a down payment of 20% or more. - S* a* Y/ X7 n! D9 u 1 L1 i( z) K) uThe report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters2 a. ^4 ]6 I0 f% P9 S1 r* _
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only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?