Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: 9 o0 N0 N' }2 | z( F; }- m9 K2 _& z/ l2 D4 l3 w! f% J# @
* 6% of Canadian households bought a home in 2009 & Z/ l7 g& ?6 |- A2 b0 d6 Q * 43% were first-time buyers (up from 36% in 2008)( V1 @0 M F3 P0 {9 e
* 35% of buyers were age 18-34 5 j3 l# P$ u n. N# ]# `) o * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 3 K! a% j$ h2 b- ?9 f, y * 59% bought a larger home; 24% downsized - J; ]; H; k7 \. F% _+ N @3 A * 74% bought an existing home; 22% bought new construction* h" A3 |# N' S( S2 P ?
* 55% purchased a single-detached home; 18% bought an apartment condo7 i2 a7 `* u( w& ~7 A0 a" b
* 5% of households intend to buy in 2010; 53% of those are renters" Y9 S* @' l5 G" {4 W% v: \. u' k
* 42% of those intending to purchase plan to make a down payment of 20% or more.7 |: f) f+ H' u& H( { k! l- A1 ?
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The report surveyed 5-10 metropolitan areas across the country.