Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: ' q2 K6 {) k0 U# l% E " f" Q a) }9 M1 i * 6% of Canadian households bought a home in 20091 [8 I- O4 N% X/ D& T
* 43% were first-time buyers (up from 36% in 2008)+ `8 m& L/ D) H* z' g
* 35% of buyers were age 18-34 # V% y- L; b5 X0 F' k( K * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home: D8 t, H. K2 X5 W9 ~& ^
* 59% bought a larger home; 24% downsized$ ~6 p; j. G+ H3 L! Q* M
* 74% bought an existing home; 22% bought new construction; Q3 i. c- `/ G9 P8 u
* 55% purchased a single-detached home; 18% bought an apartment condo# q( }# o- O/ K3 A
* 5% of households intend to buy in 2010; 53% of those are renters' G6 l7 f9 [4 ?& @
* 42% of those intending to purchase plan to make a down payment of 20% or more.& T# j7 f }! V
/ w- a/ Q A6 _* y; \0 l' jThe report surveyed 5-10 metropolitan areas across the country.