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Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:
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3 y9 |1 T6 K/ Z4 \* e7 A * 6% of Canadian households bought a home in 2009* t0 l1 L: d, Y9 v# t' n" U
* 43% were first-time buyers (up from 36% in 2008)' r0 U, ?) x1 h: e: K# ^0 z$ @, P
* 35% of buyers were age 18-34
8 H, ]% A8 v5 N3 @2 C9 F# { * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home" c" X, e4 {; g. Y$ J- r' a
* 59% bought a larger home; 24% downsized
% J& ?0 L% U2 P0 C/ s * 74% bought an existing home; 22% bought new construction* r) V5 Z+ c8 O* Y6 ^
* 55% purchased a single-detached home; 18% bought an apartment condo
6 f2 q8 C8 ^; M0 o: c9 k/ @7 K * 5% of households intend to buy in 2010; 53% of those are renters; E3 Z( S6 p* D* _$ s
* 42% of those intending to purchase plan to make a down payment of 20% or more.
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The report surveyed 5-10 metropolitan areas across the country. |
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