Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: 2 q K! v V! j8 j t: ?; e" @# j8 E- P* ?) L. S/ d( p
* 6% of Canadian households bought a home in 2009. G( b+ Q' [* F1 O: N4 D5 \
* 43% were first-time buyers (up from 36% in 2008) & G# O" Q# W8 V6 z5 Y * 35% of buyers were age 18-34. H! b8 m& l# c5 @
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 1 a9 T: ~4 E+ W6 X1 S. t$ S * 59% bought a larger home; 24% downsized. s6 q, Y T0 N# d6 S
* 74% bought an existing home; 22% bought new construction ( p# h* u4 I2 p5 E% ^- g * 55% purchased a single-detached home; 18% bought an apartment condo0 a& c2 E1 @- S% ?5 O0 B8 E. t4 \- M. ^
* 5% of households intend to buy in 2010; 53% of those are renters- `! e; R& r8 a8 ]. Z' h
* 42% of those intending to purchase plan to make a down payment of 20% or more.) s2 P6 [# ]6 W9 T/ o
% |9 J3 \# O0 U$ ]
The report surveyed 5-10 metropolitan areas across the country.