MAY 2013 Buyers Survey


The results of OMREB's MAY 2013 Buyers Survey are now in and posted! A total of 283 respondents participated in this survey – representing 67% of the 422 OMREB sales representatives who acted as Buyers Agents, and 41% of the 693 deals closed on behalf of Buyers in May.


Property Type:
24.5% of purchases were by Move-Up Buyers (up from 18.6% in April)*
17.5% by First Time Buyers (down from 25.9%)
15.0% moving from Single Family Home to Strata Unit (up from 10.5%)*
7.3% buying Revenue/Investment Property (down from 11.8%)
7.3% buying Recreation Property (down from 7.7%)
5.8% moving into Retirement Home/Seniors Community (up from 5.5%)*
4.4% moving from Strata property to Single Family Home (same as April – 4.5%)

* During the month of Mary, there was substantial increase in purchases by Move-up Buyers and downsizing from Single Family to Strata, while other categories saw a drop or remained the same as the previous month.

Buyer Type (Family Dynamic):
24.4% Two Parent Family/Children (similar to April – 24.8%)
24.4% Couple without Children (up from 21.7%)**
23.5% Empty Nesters/Retired (up from 22.6%)**
11.7% Single Female (up from 10.6%)**
8.9% Single Male (down from 12.8%)
1.4% Single Parent with Children (down from 5.3%)

** In May, there was an increase in purchases by Couples without Children, Empty Nesters/Retirees, and Single Females, while other categories saw decreases.

Moving From:
55.5% from Within OMREB Board Area (down from 56.6% in April)
21.6% from Alberta (up from 19.0%)***
7.4% from Lower Mainland/Vancouver Island (down from 11.1% )
5.7% from Saskatchewan/Manitoba (up from 2.3%)***
4.9% from Other Areas in BC (down from 9.3%)
2.8% from Eastern Canada/Maritimes (up from 0.4%)***
1.8% from Outside Canada (up from 0.9%)***
0.4% from NWT/Yukon (down from 1.3%)

*** Compared to April, there was more movement from Alberta, Saskatchewan/Manitoba, Eastern Canada/Maritimes, and Outside Canada, with less migration from all other areas.

MAY 2013 RESULTS & HIGHLIGHTS: (Click on highlighted text for links)
* Full summary of survey results with pie charts
* This month's highlights
* Who is Buying Homes in the Okanagan-Shuswap? hand-out

2011-2013 PIE CHARTS – Plus 2010-2013 Averages:
* Compiled averages for the two main categories - Buyer Type and Where From - during the past 33 months (since September 2010) to show trends.
* 2013 pie charts for first quarter - showing averages compiled for all five Survey categories (2nd quarter charts will be compiled with June results in July)
* 2012 and 2011 pie charts to compare.

REALTORLink Archive: Monthly Buyers Survey results, averages and highlights are posted and archived for easy reference and easy download on OMREB's Statistics page on REALTOR Link.

Bruce Green

Bruce Green

Sales Representative
CENTURY 21 Executives Realty Ltd.
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