Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: * X E+ ]$ R7 H5 F$ N! U+ G9 x2 K, ?6 |4 \) O6 \
* 6% of Canadian households bought a home in 2009 & z D/ D& Q0 a9 V8 h' ^3 i * 43% were first-time buyers (up from 36% in 2008)5 p& W& Y) P4 I) {% u
* 35% of buyers were age 18-34- T% N" x1 w, M2 W- _7 }4 Y5 W
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home. m2 m7 a( a$ E& M
* 59% bought a larger home; 24% downsized # a9 O( x% j8 l* f. m8 i * 74% bought an existing home; 22% bought new construction ) p& S" L% G2 N% Z: ^6 l * 55% purchased a single-detached home; 18% bought an apartment condo; ]3 N* \8 A7 ~$ U6 m) Z/ U: c; d
* 5% of households intend to buy in 2010; 53% of those are renters & D4 |1 O& d6 y* F1 Z * 42% of those intending to purchase plan to make a down payment of 20% or more.7 a" v: }; i- P) a
% u" r; C/ p* V$ Z3 ~The report surveyed 5-10 metropolitan areas across the country.