Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: p8 e. r" d' t% |8 v5 }
+ \" i. Y5 x4 ? * 6% of Canadian households bought a home in 20090 s) @7 {6 r8 ^: ~: u/ i
* 43% were first-time buyers (up from 36% in 2008) $ V! p2 s0 ?2 E: j% ` * 35% of buyers were age 18-34- U8 z9 U' y8 S" X
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 6 q' A: r: H9 j( x+ v * 59% bought a larger home; 24% downsized& E7 O( [ z" A' r$ `
* 74% bought an existing home; 22% bought new construction 6 W1 o, P. `% [ * 55% purchased a single-detached home; 18% bought an apartment condo- v; M. q& v0 e
* 5% of households intend to buy in 2010; 53% of those are renters ; |+ H/ z$ W7 }. t [- F * 42% of those intending to purchase plan to make a down payment of 20% or more.# O" r, U3 q. y7 D1 L6 p0 k
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The report surveyed 5-10 metropolitan areas across the country.