Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:# y: a: x, h( K' x& H6 w
# t) m3 P8 D6 ?+ Z
* 6% of Canadian households bought a home in 2009" _; ^. P6 W8 O9 I
* 43% were first-time buyers (up from 36% in 2008) * _/ @! d7 u/ t: r% y7 L, O/ m9 b * 35% of buyers were age 18-34 : Z2 d( ^0 u. d& V" F0 n% @- v * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home- G; m9 z" w4 U- w/ B
* 59% bought a larger home; 24% downsized2 C4 W' Y" x% N# h
* 74% bought an existing home; 22% bought new construction* \0 X4 G% w! b: ]
* 55% purchased a single-detached home; 18% bought an apartment condo6 c r, F5 Q3 B1 Q; g. A5 g8 {
* 5% of households intend to buy in 2010; 53% of those are renters 9 H& ]+ Y2 s- g$ }* {) ^& k * 42% of those intending to purchase plan to make a down payment of 20% or more. ) p3 S) @8 ?3 I4 R) l! ?. b5 a# y. p7 v& R3 x
The report surveyed 5-10 metropolitan areas across the country.