SURVEY SAYS.....

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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