Where did the Central Okanagan Buyers come from in March 2016?

Hi All, The results of OMREB’s MARCH 2016 Buyer Survey are now in and posted!  A total of 324 responses representing 38% of the 851 deals closed on behalf of Buyers in March. No particular types of Buyers stand out this month, but the market…

Hi All,

The results of OMREB’s MARCH 2016 Buyer Survey are now in and posted!  A total of 324 responses representing 38% of the 851 deals closed on behalf of Buyers in March.

No particular types of Buyers stand out this month, but the market remains busy.

MARCH SURVEY SUMMARY

Property Type:

20.2% by First Time Buyers (down from 22.4% in February)

19% by Move-Up Buyers (up from 17.1%)

16.5% by Buyers Downsizing (up from 16.2%)

15.6% by Relocating and moving to similar property type (up from 13.6%)

12.1% buying Revenue/Investment Property (down from 13.6%)

7.2% moving from Single Family Home to Strata Unit (down from 7.5%)

4.4% buying Recreation Property (up from 3.9%)

3.4% moving from Strata Property to Single Family Home (up from 3.1%)

3.4% moving into Retirement Home/Seniors Community (up from 2.6%)

Buyer Type (Family Dynamic):

20.8% Two-Parent Family/Children (down from 26.5% in February)

33.5% Couple without Children (up from 26.5%)

12.7% Single Female (up from 11.3%)

9.3% Single Male (down from 13.5%)

19.6% Empty Nester/Retired (down from 20.4%)

5.3% Single Parent with Children (up from 3%)

Moving From:

63.6% from Within OMREB Board Area (up from 62.5% in February)

11.5% from Lower Mainland/Vancouver Island (down from 14.7%)

10.3% from Alberta (up from 7.3%)

6.2% from Other Areas in BC (up from 4.3%)

4.4% from Saskatchewan/Manitoba (up from 4.3%)

0.9% from Outside Canada (down from 3.9%)

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

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

Kind Regards

Trish and Tanis

Tel 250 863 8989



Source: |

Trish & Tanis
trishandtanis@gmail.com
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