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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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* 6% of Canadian households bought a home in 2009
" M% L# @9 B' l) f# I * 43% were first-time buyers (up from 36% in 2008)% O2 @; X5 p/ i' B4 f, w4 ]; a: `
* 35% of buyers were age 18-34
/ @% x) X' [. o, W; N( D * 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home
) ]2 ]6 V7 S( h * 59% bought a larger home; 24% downsized: z4 V1 n/ M8 i
* 74% bought an existing home; 22% bought new construction
2 P! J2 }) h) d2 K * 55% purchased a single-detached home; 18% bought an apartment condo
( ?/ r n# ~. [8 o7 N& ?, j# j * 5% of households intend to buy in 2010; 53% of those are renters7 ?! J$ h9 D \( g3 j. G5 z
* 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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