Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report: q8 A! G* J7 a! O8 w" }; g& d( K8 ], b5 T. \' k2 ~+ V' T V
* 6% of Canadian households bought a home in 2009) w- ^1 _* o/ {9 C" b2 j8 s
* 43% were first-time buyers (up from 36% in 2008)3 X' q0 J1 w& O$ S3 Z
* 35% of buyers were age 18-34. M3 p( |; `0 V8 |- x9 L3 L- s
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home( w9 q3 t+ _) {; e
* 59% bought a larger home; 24% downsized* B0 o" {) E* @0 \
* 74% bought an existing home; 22% bought new construction % Z7 E! `$ d0 s. X0 V0 z * 55% purchased a single-detached home; 18% bought an apartment condo [( j# n3 f! C1 E; F
* 5% of households intend to buy in 2010; 53% of those are renters% L4 {, T6 q4 {. Y8 p0 d9 ]; S
* 42% of those intending to purchase plan to make a down payment of 20% or more. T% X5 B2 j; w2 J2 Y. y1 E6 c
; x! O7 F# J1 u; n y3 K! ]The report surveyed 5-10 metropolitan areas across the country.