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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:, o' h! z$ p1 a7 s9 t4 F1 m' f
2 ~- i. w' H! U. v4 Q4 { * 6% of Canadian households bought a home in 20099 E8 ]+ q! x% Y- v
* 43% were first-time buyers (up from 36% in 2008)( u& y$ i- l: n/ l
* 35% of buyers were age 18-346 A- P/ p6 i Q! [4 J* i
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home
" I+ }. |0 U; K, [1 z) `9 H& o * 59% bought a larger home; 24% downsized8 R A% ]* R/ t4 J) |2 `$ e! v; d4 e
* 74% bought an existing home; 22% bought new construction' V" k& c/ {5 f2 O4 \0 S
* 55% purchased a single-detached home; 18% bought an apartment condo
: T" y6 d" T" r( e3 Y% @ * 5% of households intend to buy in 2010; 53% of those are renters
# ]+ U9 t- e, w, }. i8 H; c- Y * 42% of those intending to purchase plan to make a down payment of 20% or more. d% W, n9 g/ Q/ r% P7 s4 r
$ I- W: `! A3 bThe report surveyed 5-10 metropolitan areas across the country. |
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