May Survey Summary

Property Type:

24.5% of purchases were move- up buyers(up from 18.6 in April)*

17.5% by first time buyers(down from 25.9%)

15% 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 communities(up from 5.5%)*

4.4% moving from strata property to single family homes

*During the month of May the was a substantial increase in purchases from move up buyers, and downsizing from single family to strata.

 

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