Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:+ E) m' O: a( Y. i+ [6 Q# K) o
5 D: e k8 |7 r" _! c * 6% of Canadian households bought a home in 2009- q" s& @7 p+ P2 r8 E, v
* 43% were first-time buyers (up from 36% in 2008)+ k+ y' l$ Q4 u+ O% d- w! s
* 35% of buyers were age 18-347 E: z3 I# W/ b/ {
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home2 c8 o: a6 H) E Q
* 59% bought a larger home; 24% downsized 4 g; ?0 l+ g a$ |9 k y6 _) K+ x& L1 j * 74% bought an existing home; 22% bought new construction $ q0 O, k/ P. c- Z: D * 55% purchased a single-detached home; 18% bought an apartment condo 3 _2 |) H |- e * 5% of households intend to buy in 2010; 53% of those are renters 2 Z- R& L7 p1 F' u * 42% of those intending to purchase plan to make a down payment of 20% or more. # j* M% o# j6 F+ ~ 1 L6 }8 x" O% q! f3 W1 S2 RThe report surveyed 5-10 metropolitan areas across the country.