Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:- c0 J3 [4 z& P9 W8 f) v5 e
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* 6% of Canadian households bought a home in 2009 7 h ^/ y2 V" S) c * 43% were first-time buyers (up from 36% in 2008) ! K# x$ S2 d4 U * 35% of buyers were age 18-34 2 t: d6 G: p) h# s * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home 1 y$ G4 ^- h, z6 {7 _& K7 ?4 V& \ * 59% bought a larger home; 24% downsized4 H& R& i/ q0 h
* 74% bought an existing home; 22% bought new construction 0 l5 o0 M1 Y5 h# r" \2 y * 55% purchased a single-detached home; 18% bought an apartment condo) a3 \1 A! ~1 e# ?
* 5% of households intend to buy in 2010; 53% of those are renters$ \5 `5 \0 z9 Q" ~; x- u" U
* 42% of those intending to purchase plan to make a down payment of 20% or more.- E; ] [' {( d6 u2 `: U9 F( B( N
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The report surveyed 5-10 metropolitan areas across the country.