Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:$ W0 ]$ a' |) X- l2 \% S% Y- c
0 `5 D: f* ^1 q& V; j n" v1 x * 6% of Canadian households bought a home in 2009$ r$ E+ x" u. Z2 |$ Y) H( {
* 43% were first-time buyers (up from 36% in 2008) 1 Q, q, P5 X. A7 U * 35% of buyers were age 18-34 0 V$ E2 w: |8 m: E _ * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home$ L9 l. J5 T6 H3 x4 I# z
* 59% bought a larger home; 24% downsized 2 z) O" K7 Y, C * 74% bought an existing home; 22% bought new construction + m1 v$ y0 i q, s2 B * 55% purchased a single-detached home; 18% bought an apartment condo " g3 i% y+ R& Q. W$ e * 5% of households intend to buy in 2010; 53% of those are renters$ S6 W* C$ C6 p3 p& t* j
* 42% of those intending to purchase plan to make a down payment of 20% or more. + e2 \3 K$ u9 j% T: k/ {! |/ W# g) S4 j
The report surveyed 5-10 metropolitan areas across the country.