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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:4 n4 x# @0 j' Z
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* 6% of Canadian households bought a home in 2009
" W1 d- V) ^6 [3 N+ Y5 F * 43% were first-time buyers (up from 36% in 2008)
( d8 a# D3 y: |8 U- ~ * 35% of buyers were age 18-34
# X! O; C+ R2 Q, E5 f7 J" j; E; R$ c$ u$ C * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home
/ Q; W2 q+ c) t2 G * 59% bought a larger home; 24% downsized# X% }( O2 s, E5 ~0 M
* 74% bought an existing home; 22% bought new construction0 ^% ^' j4 n O6 l) |0 J
* 55% purchased a single-detached home; 18% bought an apartment condo2 x; m V/ f, O) e, X
* 5% of households intend to buy in 2010; 53% of those are renters0 B$ M( E4 o7 P0 M: h1 C- Z
* 42% of those intending to purchase plan to make a down payment of 20% or more.
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1 `. {! m, y, d( U9 yThe report surveyed 5-10 metropolitan areas across the country. |
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