Here’s some fresh dataHome-Purchase-Report from CMHC’s newly-released Renovation and Home Purchase Report:8 l" p; z8 V% D/ k9 }5 D
* z* \' T% \: I * 6% of Canadian households bought a home in 20091 E; y5 D3 c0 u
* 43% were first-time buyers (up from 36% in 2008) 6 x- J8 x' q( V) x' B+ w * 35% of buyers were age 18-34: _1 Z) y$ [: H0 I$ O# C
* 66% bought a home that was more expensive than their previous residence; 22% bought a less expensive home3 t0 b, d H U$ a5 C
* 59% bought a larger home; 24% downsized; \0 F; I2 ?7 J+ I" X3 V
* 74% bought an existing home; 22% bought new construction- r2 d2 D y. P2 T
* 55% purchased a single-detached home; 18% bought an apartment condo3 o, o9 C( u, K& P! p2 m
* 5% of households intend to buy in 2010; 53% of those are renters+ `( L, c2 x0 ^3 O
* 42% of those intending to purchase plan to make a down payment of 20% or more. 7 r- w% r0 Y Y( h6 m/ @! b4 g% e6 m1 a; }- X( a
The report surveyed 5-10 metropolitan areas across the country.