Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:4 U2 e( y+ D' T+ z9 x# R2 N% G
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* 6% of Canadian households bought a home in 2009 $ W% `1 }/ }* T3 t * 43% were first-time buyers (up from 36% in 2008)' }, |% p- ?; K! C3 J7 e
* 35% of buyers were age 18-34 ' X; q! B/ M) S: \" x' u * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 5 Z0 T* @+ L3 a% @ * 59% bought a larger home; 24% downsized 5 V) f" i% L1 M * 74% bought an existing home; 22% bought new construction0 y$ G' m( }5 U$ k
* 55% purchased a single-detached home; 18% bought an apartment condo* Y/ s" Q. ~# \) d6 U
* 5% of households intend to buy in 2010; 53% of those are renters ( w/ r/ `2 l& x) B$ E * 42% of those intending to purchase plan to make a down payment of 20% or more.% I) I( L3 k5 z5 } d4 r
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The report surveyed 5-10 metropolitan areas across the country.