The results of OMREB’s JULY 2015 Buyers Survey and year-to-date pie charts for 2015 are now in and posted! A total of 269 respondents participated in this survey – representing 54% of the 498 OMREB sales representatives who acted as Buyers Agents, and 30% of the 879 deals closed on behalf of Buyers in June.
JULY SURVEY SUMMARY
23.8% by Move-Up Buyers (up from 19.8% in June) *
20.8% by Buyers Downsizing (up from 20.3%) *
15.9% by First Time Buyers (down from 19.8%)
10.9% moving from Single Family Home to Strata Unit (up from 9.9%) *
9.8% buying Recreation Property (up from 5.7%) *
6.0% buying Revenue/Investment Property (down from 11.3%)
2.3% moving from Strata Property to Single Family Home (down from 3.5%)
2.3% moving into Retirement Home/Seniors Community (up from 2.1%) *
* During July, there were increases in purchases by move-up and downsizing buyers, moving from single family homes to stratas, or into retirement communities, and those purchasing recreation properties, compared to the previous month.
Buyer Type (Family Dynamic):
26.6% Couple without Children (up from 21.3% in June) **
25.4% Two Parent Family/Children (up from 24.1%) **
19.1% Empty Nester/Retired (down from 24.1%)
15.3% Single Female (up from 12.5%) **
12.7% Single Male (down from 15.7%)
1.1% Single Parent with Children (down from 4.2%)
** There were more purchases by couples without children, two-parent families and single females during July, while other buyer categories were down compared to June.
56.5% from Within OMREB Board Area (up from 55.5% in June) ***
14.8% from Alberta (down from 18.0%)
8.9% from Lower Mainland/Vancouver Island (down from 9.7)
8.2% from Other Areas in BC (down from 8.6%)
5.2% from Eastern Canada/Maritimes (same as June)
4.4% from Saskatchewan/Manitoba (up from 2.8%) ***
1.8% from Outside Canada (up from 0.7%) ***
0% from NWT/Yukon (same as June)
*** More buyers moved from within the Board area, migrated from Saskatchewan and Manitoba, and immigrated from outside Canada during July than in the previous month.