April 2013 Buyers Survey Results


The results of OMREB's APRIL 2013 Buyers Survey are now available. A total of 226 respondents participated in this survey – representing 58% of the 392 OMREB sales representatives who acted as Buyers Agents, and 38% of the 595 deals closed on behalf of Buyers in April.


Property Type:

25.9% by First Time Buyers (up from 16.2 in March)*
18.6% of purchases were by Move-Up Buyers (down from 24.6% )
11.8% buying Revenue/Investment Property (up from 10.6%)*
10.5% moving from Single Family Home to Strata Unit (same as March – 10.6%)
5.5% moving into Retirement Home/Seniors Community (down from 7.8%)
4.5% moving from Strata property to Single Family Home (down from 6.1%)

* During the month of April, there was substantial increase in purchases by First-Time Buyers and a nominal bump-up in Revenue Property purchases by Investors, while other categories saw a drop or remained the same as the previous month.

Buyer Type (Family Dynamic):
24.8% Two Parent Family/Children (up from 23.1% in March)**
22.6% Empty Nesters/Retired (down from 27.5%)
21.7% Couple without Children (down from 25.8%)
12.8% Single Male (up from 7.7%)**
10.6% Single Female (down from 12.6%)
5.3% Single Parent with Children (up from 2.2%)**

** In April, there was an increase in purchases by Two Parent Families with Children, and a significant rise in purchases by Single Males and Single Parents with Children, while other categories saw decreases.

Moving From:
56.6% from Within OMREB Board Area (down from 57.6% in March)
19.0% from Alberta (up from 17.9%)***
11.1% from Lower Mainland/Vancouver Island (up from 8.7% )***
9.3% from Other Areas in BC (down from 10.3% )
1.3% from Saskatchewan/Manitoba (down from 2.7%)
1.3% from NWT/Yukon (up from 0%)***
0.9% from Outside Canada (down from 1.1%)
0.4% from Eastern Canada/Maritimes (down from 1.6%)

*** Compared to March, there was more movement from Alberta, Lower Mainland/Vancouver Island, and NWT/Yukon during April, and less migration from all other areas.

* 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 32 months (since September 2010) to show trends.
* 2013 pie charts for first quarter - showing averages compiled for all five Survey categories
* 2012 pie charts 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 REALTORLink.

Dave Strle

Dave Strle

Associate Broker
CENTURY 21 Executives Realty Ltd.
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