Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:3 f, G( G y) ?/ { |! H
+ u+ `7 f3 |2 N5 y( H0 a6 V * 6% of Canadian households bought a home in 2009 4 u$ b9 q& Q7 M/ ` J0 ^- h2 }; ^ * 43% were first-time buyers (up from 36% in 2008)" e6 H- V& X7 Q- _) e
* 35% of buyers were age 18-345 I- f' _; c; I: E9 B& X. H
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home, p9 ^. X# Z+ E7 Y4 k0 u
* 59% bought a larger home; 24% downsized . e. E! P7 V: U k ~0 T * 74% bought an existing home; 22% bought new construction: I5 i' H+ i. J( h
* 55% purchased a single-detached home; 18% bought an apartment condo 6 A1 ?1 j5 ^5 k2 |7 Y9 n6 N3 W * 5% of households intend to buy in 2010; 53% of those are renters/ T; S3 ?( f( A5 s, i2 c
* 42% of those intending to purchase plan to make a down payment of 20% or more. + u) x9 a6 `1 x& w; o8 Y8 ~5 ^6 \( o! m" P! K: ~
The report surveyed 5-10 metropolitan areas across the country.