June Buyers Survey - Who is buying homes in the Okanagan?

The results of Okanagan Mainline Real Estate B'oards JUNE 2012 Buyers Survey are now posted!  A total of 193 respondents participated in this survey – representing 55% of the 352 OMREB sales representatives who acted as Buyers Agents and 32% of the 611 deals closed on behalf of Buyers in June.


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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