Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:* \3 r" o( z! t3 x! l }
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* 6% of Canadian households bought a home in 20097 V& v% j! q% R7 a) e$ I3 i6 [) a v
* 43% were first-time buyers (up from 36% in 2008)! s8 A! B, G) x( M7 z
* 35% of buyers were age 18-349 W% K0 j ]4 U; i/ `4 S7 O \
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home7 T$ |" F+ X$ N# _/ t
* 59% bought a larger home; 24% downsized % O) {7 P% s3 R( ` * 74% bought an existing home; 22% bought new construction- _* X: ]3 p1 v0 Q+ u( Z
* 55% purchased a single-detached home; 18% bought an apartment condo1 i" m% V! k0 ]) y/ J8 b6 x. G- X
* 5% of households intend to buy in 2010; 53% of those are renters 0 k8 s, b0 |' j6 L* Y$ ? * 42% of those intending to purchase plan to make a down payment of 20% or more.& V/ `) ]5 ?, F, Q2 V
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The report surveyed 5-10 metropolitan areas across the country.