Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:. u" E0 W# S4 }9 U! l
. k. i, I4 X4 z4 O * 6% of Canadian households bought a home in 2009* W4 V" j: z5 {/ `9 k9 s9 ^# s3 ^, A
* 43% were first-time buyers (up from 36% in 2008)0 T9 j# `8 S3 |$ W* }! o* x, N( Y
* 35% of buyers were age 18-34 % h# |" A1 A8 {) @) H8 g( O1 M/ T * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home : Z$ i1 u8 k2 G+ j( I+ N* G% h * 59% bought a larger home; 24% downsized% z5 `1 \# S" `' j. T6 ]
* 74% bought an existing home; 22% bought new construction 1 j; |' q/ K" R * 55% purchased a single-detached home; 18% bought an apartment condo$ J* c+ f8 u; T* Q7 E$ _/ e
* 5% of households intend to buy in 2010; 53% of those are renters% D( m2 _1 t3 x; {
* 42% of those intending to purchase plan to make a down payment of 20% or more.0 p3 e8 D# r( h. T
+ G. V' ~0 ]; V( s% ^The report surveyed 5-10 metropolitan areas across the country.