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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:
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( b Q* Z/ N( [5 U& Z/ V. ?, q7 W * 6% of Canadian households bought a home in 20098 W% a3 j) b7 f& o7 U4 I% a' x
* 43% were first-time buyers (up from 36% in 2008). T% M; s: V; T) [
* 35% of buyers were age 18-34
& h& ~% w8 x9 P3 B * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home, y8 D$ u0 `, p$ n
* 59% bought a larger home; 24% downsized
8 ~/ U; J# p* \2 @6 K9 ^7 N5 w" {, y * 74% bought an existing home; 22% bought new construction
$ C' m* U" j4 d l, @3 L6 V * 55% purchased a single-detached home; 18% bought an apartment condo
5 A: J2 y( `0 N1 W6 L' ` * 5% of households intend to buy in 2010; 53% of those are renters7 j; z. n" D8 I- }
* 42% of those intending to purchase plan to make a down payment of 20% or more.
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( w P. r: _7 `% o( EThe report surveyed 5-10 metropolitan areas across the country. |
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