Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:' ?( c! H7 H+ `1 j
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* 6% of Canadian households bought a home in 2009+ w6 w0 E9 d1 A
* 43% were first-time buyers (up from 36% in 2008)! B1 Y4 c/ `( F( G
* 35% of buyers were age 18-34 4 U' b) s+ p- Y/ t2 J N * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home2 @, i1 P7 e6 M
* 59% bought a larger home; 24% downsized # t9 r6 w {1 E0 }, H * 74% bought an existing home; 22% bought new construction: U7 m3 h+ R" @: y4 X
* 55% purchased a single-detached home; 18% bought an apartment condo2 K( v' f8 V2 d/ B$ z+ D
* 5% of households intend to buy in 2010; 53% of those are renters 1 C d8 Y5 V; B! S; C* @ ~( H* E8 q+ c * 42% of those intending to purchase plan to make a down payment of 20% or more. " i( C/ j, X. T; T) c0 h( H8 `
The report surveyed 5-10 metropolitan areas across the country.