Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: & X" Q o. |9 h$ u1 D; \0 y' I' h3 r7 v3 K4 I/ R2 H( R
* 6% of Canadian households bought a home in 20099 N( x `: { g3 |: ?4 | L
* 43% were first-time buyers (up from 36% in 2008): E; {6 j/ ]! ]2 w" ~
* 35% of buyers were age 18-34( V9 W" t; ]) Q! Y8 R
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home - {7 t0 s; X, j& M( ^$ ? * 59% bought a larger home; 24% downsized # q* o2 k1 b. E/ F * 74% bought an existing home; 22% bought new construction' N7 G0 I0 _2 j1 S
* 55% purchased a single-detached home; 18% bought an apartment condo ! W# ^% k! l* @$ m$ {( |! { * 5% of households intend to buy in 2010; 53% of those are renters" H( @- T c% L: W$ f9 \
* 42% of those intending to purchase plan to make a down payment of 20% or more. # m, S7 h3 @& w& P. x ! x2 z) F1 q4 b/ X% iThe report surveyed 5-10 metropolitan areas across the country.