Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: 0 E f" K$ t- P- f1 u 1 v; N" o" z6 g, S * 6% of Canadian households bought a home in 2009 . q' `0 T" v+ j! f * 43% were first-time buyers (up from 36% in 2008) 4 h: `4 W( u7 T' T' C- j * 35% of buyers were age 18-347 J }6 H. z; T$ f
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 3 E% U% i* ]" Z* }; ~+ y1 o * 59% bought a larger home; 24% downsized 1 a3 P; K& d( H* W0 j+ x2 {1 B * 74% bought an existing home; 22% bought new construction $ C+ ]4 O2 [) ?+ I * 55% purchased a single-detached home; 18% bought an apartment condo" v% X$ g7 |% t4 ^# Z
* 5% of households intend to buy in 2010; 53% of those are renters % L! G/ s- u: s4 S! E * 42% of those intending to purchase plan to make a down payment of 20% or more.2 n9 }5 d7 `4 O! |2 T5 k
! I- r% P' m% D2 I" A8 X( @The report surveyed 5-10 metropolitan areas across the country.