Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:7 P8 d6 N( K7 p% F# K, l& R' \
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* 6% of Canadian households bought a home in 2009 + s5 s2 M l+ @- i) k+ N * 43% were first-time buyers (up from 36% in 2008)0 |1 {8 }/ f5 m$ X3 W. R* q4 ~* Y; J
* 35% of buyers were age 18-34& m9 |- K( S/ l, Y/ E4 e
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home% b: a- f/ d0 _9 M- K. }
* 59% bought a larger home; 24% downsized 9 r( y" }; N. R+ _, m * 74% bought an existing home; 22% bought new construction" z4 j) ?+ ~, n3 O+ Y1 v! p& K- E
* 55% purchased a single-detached home; 18% bought an apartment condo $ [7 Y% |* n1 L+ ~ * 5% of households intend to buy in 2010; 53% of those are renters ) N) i$ k5 @" Q * 42% of those intending to purchase plan to make a down payment of 20% or more.7 w5 H9 ^' X2 D+ Q0 x
3 `1 a) {4 J; o# r8 ~The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters 2 Y7 `, A* i/ C0 X5 m! H8 w) X* D7 c9 d O# L7 w
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?