Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:5 z8 F" q. ^# H2 E
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* 6% of Canadian households bought a home in 2009$ j8 K& ~2 ]& L
* 43% were first-time buyers (up from 36% in 2008) ) j& M' L: y' g2 { J/ F1 V/ ] * 35% of buyers were age 18-34 7 a/ [; O) T+ L * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 4 |. R3 J+ P2 Z6 t * 59% bought a larger home; 24% downsized ' X" H+ `2 f f * 74% bought an existing home; 22% bought new construction# ?( K, }, E! g* o; F
* 55% purchased a single-detached home; 18% bought an apartment condo: V% O& J& b' a
* 5% of households intend to buy in 2010; 53% of those are renters & i8 E6 f5 w8 a: @ * 42% of those intending to purchase plan to make a down payment of 20% or more. # Z5 s% |" `' J( ]+ b5 n8 _ 5 X! n# `, C# S" cThe report surveyed 5-10 metropolitan areas across the country.