Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: ) b) {8 f8 a9 L. z 0 V$ f& G1 I4 ^! |" Z5 g* A+ h2 b * 6% of Canadian households bought a home in 2009 2 O1 Q. S$ `' q7 I e * 43% were first-time buyers (up from 36% in 2008)" H* @" A. }7 Q% p b i) I* k$ w! {
* 35% of buyers were age 18-34 8 I7 e& u! `6 |8 }3 K( l * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 0 @" m9 c1 N5 b" N0 l2 Q+ r3 i" V * 59% bought a larger home; 24% downsized g0 |% d) Q* S" K* H6 x/ e/ c
* 74% bought an existing home; 22% bought new construction - \% a) g2 t' p' D0 x * 55% purchased a single-detached home; 18% bought an apartment condo( }; a& L$ e: g. @3 q* K2 U
* 5% of households intend to buy in 2010; 53% of those are renters / ]3 v8 K3 e6 P * 42% of those intending to purchase plan to make a down payment of 20% or more.; ^+ Q+ I8 H/ W6 I1 s
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The report surveyed 5-10 metropolitan areas across the country.