Where did the May 2017 Kelowna Real Estate buyers come from?

The results of OMREB’s MAY 2017 Buyer Survey are now in representing Kelowna Real Estate and the Central Okanagan!  A total of 462 responses representing 41.1% of the 1122 deals closed on behalf of Buyers in May. Looking at the latest numbers, nothing particularly stands out in…

The results of OMREB’s MAY 2017 Buyer Survey are now in representing Kelowna Real Estate and the Central Okanagan!  A total of 462 responses representing 41.1% of the 1122 deals closed on behalf of Buyers in May.

Looking at the latest numbers, nothing particularly stands out in the May numbers.

Property Type:
21.7% by Relocating and moving to similar property type (up from 19.0% in April)
18.2% by First Time Buyers (down from 18.5%)
17.8% by Move-Up Buyers (up from 15.8%)
14.3% by Buyers Downsizing (down from 15.5%)
13.2% buying Revenue/Investment Property (down from 14.3%)
5.9% moving from Single Family Home to Strata Unit (up from 5.7%)
4.4% buying Recreation Property (up from 3.9%)
2.6% moving from Strata Property to Single Family Home (down from 4.2%)
1.3% moving into Retirement Home/Seniors Community (down from 1.8%)

Buyer Type (Family Dynamic):
26.0% Two Parent Family/Children (down from 27.1% in April)
25.8% Couple without Children (up from 21.8%)
20.7% Empty Nester/Retired (up from 19.2%)
12.7% Single Female (down from 14.7%)
10.7% Single Male (down from 11.8%)
3.1% Single Parent with Children (down from 4.7%)

Moving From:
52.5% from Within OMREB Board Area (down from 56.3% in April)
20.8% from Lower Mainland/Vancouver Island (up from 19.9%)
9.8% from Alberta (up from 8.5%)
8.2% from Other Areas in BC (down from 9.1%)
4.3% from Eastern Canada/Maritimes (up from 2.9%)
3.3% from Saskatchewan/Manitoba (up from 2.1%)
1.1% from Outside Canada (up from 0.9%)
0.0% from NWT/Yukon (down from 0.3%)

Kind Regards

Trish and Tanis

Tel 250 863 8989



Source: OMREB Broker Notice - May Buyer Survey Results | Okanagan Mainline Real Estate Board

Trish & Tanis
trishandtanis@gmail.com
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