Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:" Q- K1 F) T6 `
; e6 ^/ i8 K( Z * 6% of Canadian households bought a home in 20094 h0 A1 Y% O% U0 b" c
* 43% were first-time buyers (up from 36% in 2008)& Q. o. ?5 c& U! j3 u) R$ l
* 35% of buyers were age 18-34" T- }4 b) B P+ [7 N$ H
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home . M* L, ?+ D# w" J4 i * 59% bought a larger home; 24% downsized & W. g; R1 b: ?& D* R * 74% bought an existing home; 22% bought new construction) s) ~& e/ I3 M T/ Y" N$ I
* 55% purchased a single-detached home; 18% bought an apartment condo3 z- l- m$ Q# P! V* n- m. f
* 5% of households intend to buy in 2010; 53% of those are renters+ R4 U* j: z3 Q# o- @( P
* 42% of those intending to purchase plan to make a down payment of 20% or more.8 J: [+ o9 M' N+ E# ~; F0 u
" y: z$ Q9 ~5 i' sThe report surveyed 5-10 metropolitan areas across the country.