Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: $ v" K; r6 ^! T6 }5 _# M' p' x* a( N2 c( V; `
* 6% of Canadian households bought a home in 2009# v# N7 o# ]3 Z7 s1 X5 n9 z
* 43% were first-time buyers (up from 36% in 2008)5 b% p9 F( Q0 \+ q0 M) x: O0 Q. o
* 35% of buyers were age 18-34& b2 a. j2 \5 f H
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home% w* o0 U% c/ p q
* 59% bought a larger home; 24% downsized9 A+ z6 q7 F2 r; ^7 W% Z
* 74% bought an existing home; 22% bought new construction ) l, Y: K1 n6 k9 ]8 v0 ] * 55% purchased a single-detached home; 18% bought an apartment condo 8 K' }. R* S5 D: g! \9 A! V * 5% of households intend to buy in 2010; 53% of those are renters # v" Z6 E' n) G' l2 T/ L * 42% of those intending to purchase plan to make a down payment of 20% or more. # [; v# a% D& v" c Q# O8 }5 @4 ~/ ~+ G& l* ]
The report surveyed 5-10 metropolitan areas across the country.