Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: ! R5 ?# p8 O+ h: c; o3 S; ~' V W2 l. ]( D2 v * 6% of Canadian households bought a home in 2009( M5 `1 C; V- [$ g8 _
* 43% were first-time buyers (up from 36% in 2008) & w/ a: l, S! g; r/ y7 c3 } * 35% of buyers were age 18-34 8 d5 ?# t* d( C * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home $ y) R( c4 L \ * 59% bought a larger home; 24% downsized 7 X) D2 E* Y( i8 r5 x: _ * 74% bought an existing home; 22% bought new construction( L" P! t6 {# }( X4 Z j" u
* 55% purchased a single-detached home; 18% bought an apartment condo ( a% z0 g5 h5 }+ Y6 L * 5% of households intend to buy in 2010; 53% of those are renters : ? h R! P$ g5 o. y% _ * 42% of those intending to purchase plan to make a down payment of 20% or more.' M$ u) z5 t5 Q9 p( |/ u. d/ _% K
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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 9 E/ J1 S' y4 \& p" X1 O + N# } p6 }- g: g) Tonly 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?