Kelowna Real Estate Lower Mainland & Alberta Buyers Numbers Up in February 2016

Hi All, The results of OMREB’s FEBRUARY 2016 Buyers Survey are now in and posted!  A total of 232 responses representing 40% of the 575 deals closed on behalf of Buyers in February. FEBRUARY SURVEY SUMMARY Property Type: 22.4% by First Time Buyers (down from…

Hi All,

The results of OMREB’s FEBRUARY 2016 Buyers Survey are now in and posted!  A total of 232 responses representing 40% of the 575 deals closed on behalf of Buyers in February.

FEBRUARY SURVEY SUMMARY

Property Type:

22.4% by First Time Buyers (down from 22.8% in January)

17.1% by Move-Up Buyers (down from 20.5%)

16.2% by Buyers Downsizing (up from 14.2%)

13.6% by Relocating and moving to similar property type (down from 14.2%)

13.6% buying Revenue/Investment Property (up from 11.8%)

7.5% moving from Single Family Home to Strata Unit (up from 4.7%)

3.9% buying Recreation Property (no change from 3.9%)

3.1% moving from Strata Property to Single Family Home (no change from 3.1%)

2.6% moving into Retirement Home/Seniors Community (down from 3.1%)

Buyer Type (Family Dynamic):

26.5% Two Parent Family/Children (down from 26.2% in January)

26.5% Couple without Children (up from 21.5%)

11.3% Single Female (down from 19.2%)

13.5% Single Male (down from 16.2%)

20.4% Empty Nester/Retired (up from 13.8%)

3% Single Parent with Children (down from 3.1%)

Moving From:

62.5% from Within OMREB Board Area (down from 63.1% in January)

14.7% from Lower Mainland/Vancouver Island (up from 12.3%)

7.3% from Alberta (up from 6.9%)

4.3% from Other Areas in BC (down from 6.9%)

4.3% from Saskatchewan/Manitoba (up from 2.3%)

3.9% from Outside Canada (down from 5.4%)

2.2% from Eastern Canada/Maritimes (down from 3.1%)

0.9% from NWT/Yukon (up from 0%)

Kind Regards

Trish and Tanis

Tel 250 864 1707

 



Source: |

Trish & Tanis
trishandtanis@gmail.com
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