Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:1 m9 n1 J* J' K
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* 6% of Canadian households bought a home in 2009 7 o! q% g! U% a. w# |! p/ G, L * 43% were first-time buyers (up from 36% in 2008) 3 q+ i9 t' ?6 U( i) d# }* G+ \ * 35% of buyers were age 18-34 4 B2 w9 ~6 ?7 {, `& g * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home ! n. l% |8 M' Y; u * 59% bought a larger home; 24% downsized0 \# O$ `' D$ y$ q& n$ D# j
* 74% bought an existing home; 22% bought new construction # W8 \$ Z! m5 P% [) M9 {' N * 55% purchased a single-detached home; 18% bought an apartment condo Z$ ~& N$ K: Y8 L2 m! T
* 5% of households intend to buy in 2010; 53% of those are renters/ N# q, {5 W: r2 L; E
* 42% of those intending to purchase plan to make a down payment of 20% or more.; n+ D. H. i. \: S2 \# S; }
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The report surveyed 5-10 metropolitan areas across the country.