Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:! Q( M9 Y6 H2 |7 T4 a
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* 6% of Canadian households bought a home in 2009 $ E6 L* E. T7 i7 f * 43% were first-time buyers (up from 36% in 2008) 6 Q; O8 v* X0 y( X * 35% of buyers were age 18-34 ) p6 U) s' B) N# M% l. M5 l0 e* I" O * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home3 y! f) ^+ M- v s4 V* B2 J
* 59% bought a larger home; 24% downsized 7 R+ F* D8 f" ]" `+ b* Y+ p, n& c * 74% bought an existing home; 22% bought new construction : w% I; H" ^' a0 _3 C9 {: z * 55% purchased a single-detached home; 18% bought an apartment condo( R' V7 @6 U: D
* 5% of households intend to buy in 2010; 53% of those are renters , k9 o. N9 ~+ K3 l7 K+ t1 _2 Z" u+ s0 ~ * 42% of those intending to purchase plan to make a down payment of 20% or more.; A9 r+ i* P0 U+ U6 Y
2 a/ o7 A; B$ l8 TThe report surveyed 5-10 metropolitan areas across the country.