The results of the Okanagan Mainline Real Estate Board's June Buyer's Survey are out & here are the results!

JUNE BUYER’S SUMMARY

Property Type:
29.3% of purchases were by Move-Up Buyers
22.8% by First Time Buyers
16.8% moving from Single Family Home to Strata Unit
7.6% purchasing Recreation Property
6.0% buying Revenue/Investment Property
5.4% moving from Strata property to Single Family Home
4.3% moving into Retirement Home/Seniors Community
 
Buyer Type (Family Dynamic):
31.8% Two parent family/children
20.8% Couple without children
16.7% Empty Nesters/Retired
13.5% Single Female
13.0% Single Male
4.2% Single Parent with children
 
Moving From:
55.4% from Within OMREB Board Area
13.0% from Alberta
12.4% from Lower Mainland/Vancouver Island (up from 7.7% in May) *
10.4% from Other Areas in BC
3.6% from Saskatchewan/Manitoba (up from 0.9% in May) *
3.1% from Outside Canada (1.4% in May)
2.1% from Eastern Canada/Maritimes
0% from NWT/Yukon (10th month reported)
 

* Compared to May, there was more migration from Lower Mainland/Vancouver Island (12.4% of purchases compared to 7.7%) and from Saskatchewan and Manitoba (3.6% compared to 0.9%) this month.

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The results are in! The Okanagan Mainline Real Estate Board's Buyers Survey features a break down of monthly buyer activity in the Okanagan.  Here are the just-released results for March!

MARCH SURVEY SUMMARY
Property Type:
28.7% of purchases were by Move-Up Buyers
21.3% by First Time Buyers
12.4% buying Revenue/Investment Property
9.6% moving from Single Family Home to Strata Unit
5.6% Recreation Property Buyers
3.9% moving into Retirement Home/Seniors Community
3.4% moving from Strata property to Single Family Home
 
Buyer Type (Family Dynamic):
30.9% Couple without children
18.2% Two parent family/children
17.1% Empty Nesters/Retired
14.9% Single Male
13.8% Single Female
6.1% Single Parent with children

Moving From:
63.0% from Within OMREB Board Area
12.7% from Alberta
10.5% from Lower Mainland/Vancouver Island
9.4% from Other Areas in BC
2.2% from Saskatchewan/Manitoba
1.7% from Eastern Canada/Maritimes
0.6% from NWT/Yukon (seventh month reported)
0% from Outside Canada
 
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