Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: + ~$ I( W8 w6 F1 I 2 T v! x. C6 b: x) H3 c* \4 p9 k * 6% of Canadian households bought a home in 2009 " R1 N( l- p. S; Y * 43% were first-time buyers (up from 36% in 2008)7 N5 ~+ G h+ d$ }! R
* 35% of buyers were age 18-34 - g# O% H9 M; ^# i# U2 q9 J * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 5 J# O: E5 a+ B * 59% bought a larger home; 24% downsized ; x$ \& X0 P+ U * 74% bought an existing home; 22% bought new construction$ L1 t) R" C0 r i5 T0 W( t( X p2 C
* 55% purchased a single-detached home; 18% bought an apartment condo7 t* X/ m2 J9 L6 X9 Y
* 5% of households intend to buy in 2010; 53% of those are renters : c9 `+ G8 z' e * 42% of those intending to purchase plan to make a down payment of 20% or more.. l/ O/ T. I. @
% u$ b$ f7 u1 [- |( h- z+ s& F
The report surveyed 5-10 metropolitan areas across the country.