Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: : ?% H, Y6 Z8 {4 ~: L0 t4 _: o y0 A& _, L7 X9 K0 O3 J
* 6% of Canadian households bought a home in 20095 c* H$ b! k; h! r6 S- o3 H
* 43% were first-time buyers (up from 36% in 2008) 1 }+ S3 I+ F& A- S/ P" M% E * 35% of buyers were age 18-34 0 L/ K$ \1 i' M * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home , Z2 h$ z K* ^( D* a7 a) m * 59% bought a larger home; 24% downsized . @7 q: S$ c( S * 74% bought an existing home; 22% bought new construction3 i( X0 | \* y+ e5 r
* 55% purchased a single-detached home; 18% bought an apartment condo7 w' s v3 ^* c0 ~) I
* 5% of households intend to buy in 2010; 53% of those are renters $ D! C" a) d4 k( h * 42% of those intending to purchase plan to make a down payment of 20% or more.0 m! D+ \% @* q' k
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The report surveyed 5-10 metropolitan areas across the country.