Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:# z6 g4 J$ g* e6 `
* m: ?. n: F( {0 q& K- d/ K * 6% of Canadian households bought a home in 2009, O: O4 _2 L m
* 43% were first-time buyers (up from 36% in 2008)$ d& S* K1 L/ |) Y- `% ?
* 35% of buyers were age 18-34 1 S- g. e3 G6 @4 `9 i# Y * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home3 Z$ S+ l9 F* V0 V+ f
* 59% bought a larger home; 24% downsized " ]7 c0 k4 k7 B3 _8 |) ~ * 74% bought an existing home; 22% bought new construction - t: v; Y6 v: {( W0 @ * 55% purchased a single-detached home; 18% bought an apartment condo( L5 E# G; m0 E4 ?+ g8 y: e
* 5% of households intend to buy in 2010; 53% of those are renters& \- L1 Z4 E# c7 h) _3 z" K5 t
* 42% of those intending to purchase plan to make a down payment of 20% or more.) P) o5 c: M9 \+ K4 D9 b: z
- [, [& K6 i* Y4 ^8 q( T9 EThe report surveyed 5-10 metropolitan areas across the country.