Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:. E0 y: f7 g# w1 z. n5 M% ]" H2 R4 `
5 d& x2 C4 ~2 C9 S- a * 6% of Canadian households bought a home in 2009 * V" r# C6 q) d$ s$ g# L% o * 43% were first-time buyers (up from 36% in 2008) + M- u- f6 j [7 B7 ] * 35% of buyers were age 18-34 7 I6 V; N, B+ @ * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home2 D5 k& r; ^" m* N
* 59% bought a larger home; 24% downsized ) _2 B& S& ^+ S5 Y; \ * 74% bought an existing home; 22% bought new construction4 X+ Q3 x: t' Z6 r. B! N
* 55% purchased a single-detached home; 18% bought an apartment condo b- x' b. V* N
* 5% of households intend to buy in 2010; 53% of those are renters % j3 C: T( I8 R! l( C. m * 42% of those intending to purchase plan to make a down payment of 20% or more. 5 |! b3 c2 V8 N, s0 x& ^5 i' }' a" y
The report surveyed 5-10 metropolitan areas across the country.