OMREB Buyer Survey Results - February 2012

The Okanagan Mainline Real Estate Board released their Buyer Survey Results for February 2012, which gives us an overall picture of who is purchasing property in the Okanagan and where they are coming from .  Here are the results from the surveys submitted.

 

Overall:

  • 20.7% of purchases were by First Time Buyers
  • 20.7% of purchases were by Move-Up Buyers
  • 14% of purchases were as Investment Property
  • 13.2% moved from a Single Family Homes to a Strata Unit
  • 6.6% moved into a Retirement Home/Seniors Community
  • 4.1% of purchases were Recreation Property
  • 3.3% moved from a Strata Property to a Single Family Home

Buyer Type:

  • 28% were 2 parent family with children
  • 23.2% were couples without children
  • 16.8% were empty nesters/retired
  • 12.8% were single female
  • 9.6% were single male
  • 4.8% were single parent with children

Where the buyers moved from:

  • 64.8% were from within the OMREB area
  • 19.2% were from Alberta
  • 9.6% were from Lower Mainland/Vancouver Island
  • 4.8% were from other areas in BC
  • 0.8% were from Saskatchewan/Manitoba
  • 0.8% were from Eastern Canada/Maritimes
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