Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:" Q3 H% N7 m+ |( Q: }% q1 L- q
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* 6% of Canadian households bought a home in 2009# S0 z; b) W3 o5 C& M
* 43% were first-time buyers (up from 36% in 2008) 7 R$ ~ v7 g' u! r. I5 h4 i) K * 35% of buyers were age 18-34 2 Y3 E& w1 z3 U) O" r7 N4 L * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home3 E$ X5 ^0 X, v6 P* h
* 59% bought a larger home; 24% downsized _" G( \/ b$ ^* Q( f! d6 Y: v8 L
* 74% bought an existing home; 22% bought new construction / N- x" [" P- m1 V4 _- ~9 T# F * 55% purchased a single-detached home; 18% bought an apartment condo0 L, z# u7 X1 ^- e; z4 U) d7 F6 @; f" m
* 5% of households intend to buy in 2010; 53% of those are renters M; A" n, {5 b) [
* 42% of those intending to purchase plan to make a down payment of 20% or more. / j3 L& Z) \ ~& }! |& Q6 j3 S2 K! t1 C& A
The report surveyed 5-10 metropolitan areas across the country.
[ * 5% of households intend to buy in 2010; 53% of those are renters " s2 ?7 N, q* a2 H0 C) l; c/ e. y
only 5% of households intend to buy in 2010, lol. how many people want to sell in 2010?