Kelowna Real Estate Buyers Survey Results August 2017

The results of OMREB’s, Kelowna Real Estate, JULY 2017 Buyer Survey are now in! A total of 400 responses were received, representing 41.8% of the 955 deals closed on behalf of Buyers in July. Property Type: 18.9% by Relocating and moving to similar property type (down from…

The results of OMREB’s, Kelowna Real Estate, JULY 2017 Buyer Survey are now in!

A total of 400 responses were received, representing 41.8% of the 955 deals closed on behalf of Buyers in July.

Property Type:
18.9% by Relocating and moving to similar property type (down from 22.0% in June)
16.9% by First Time Buyers (down from 19.2%)
16.6% by Move-Up Buyers (up from 15.6%)
15.1% buying Revenue/Investment Property (up from 14.1%)
13.4% by Buyers Downsizing (down from 16.5%)
7.3% moving from Single Family Home to Strata Unit (up from 5.7%)
5.8% buying Recreation Property (up from 3.3%)
4.5% moving from Strata Property to Single Family Home (up from 2.6%)
2.0% moving into Retirement Home/Seniors Community (down from 2.4%)

Buyer Type (Family Dynamic):
28.8% Two Parent Family/Children (up from 27.0% in June)
26.3% Couple without Children (up from 24.1%)
19.3% Empty Nester/Retired (down from 20.2%)
12.8% Single Female (down from 12.9%)
9.8% Single Male (down from 11.4%)
2.8% Single Parent with Children (down from 4.6%)

Moving From:
56.4% from Within OMREB Board Area (up from 54.4% in June)
16.8% from Lower Mainland/Vancouver Island (down from 20.3%)
11.3% from Alberta (up from 9.8%)
6.8% from Other Areas in BC (down from 7.6%)
3.5% from Eastern Canada/Maritimes (down from 3.7%)
3.0% from Outside Canada (up from 0.7%)
2.0% from Saskatchewan/Manitoba (down from 2.8%)
0.3% from NWT/Yukon (down from 0.7%)

Kind Regards

Trish and Tanis Real Estate

Tel 250 863 8989



Source: | Okanagan Mainline Real Estate Board

Trish & Tanis
trishandtanis@gmail.com
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