Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:- T/ `& |$ |# m6 |( t, s- f. O
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* 6% of Canadian households bought a home in 2009# ~' J. ~. t5 R \- p
* 43% were first-time buyers (up from 36% in 2008) 3 o/ U) a" b, O2 }/ w5 L * 35% of buyers were age 18-345 J* }4 q! Q7 r3 O9 V
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home# w% a5 T0 C* ?' e9 U( m: x9 G L
* 59% bought a larger home; 24% downsized6 `9 N! v1 ]' X2 Y6 P+ k3 R% Z0 Y) O% ?9 r
* 74% bought an existing home; 22% bought new construction 4 b. @+ w% U2 h: |/ y" h * 55% purchased a single-detached home; 18% bought an apartment condo / L% E" ^% O. S7 Q, x# }3 Y * 5% of households intend to buy in 2010; 53% of those are renters 4 o) v2 m- E5 J$ a* Y q) D9 |4 R * 42% of those intending to purchase plan to make a down payment of 20% or more.+ `. `. Q/ k' j/ d8 {4 [
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The report surveyed 5-10 metropolitan areas across the country.