SEPTEMBER Buyers Survey Results!

SEPTEMBER SURVEY SUMMARY

Property Type:
29.0% of purchases were by Move-Up Buyers (up from 25.4% in August) *
14.0% moving from Single Family Home to Strata Unit (up from 13.7%) *
12.7% by First Time Buyers  (down from 17.3%)
12.7% buying Revenue/Investment Property  (up from 9.0%) *
9.8% buying Recreation Property  (down from 11.2%)
5.9% moving from Strata property to Single Family Home (up from 4.0%) *
4.6% moving into Retirement Home/Seniors Community  (down from 6.5%)

* During September, there were increases in purchases by move-up buyers, those moving from single family homes to strata properties and from stratas to single family homes, and revenue property investors compared to the previous month.

Buyer Type (Family Dynamic):
31.1% Couple without Children (up from 25.4% in August) **
25.4% Empty Nester/Retired (up from 20.2%) **
21.8% Two Parent Family/Children (down from 25.0%)
10.9% Single Female (down from 13.6%)
8.3% Single Male (down from 13.2%)
2.8% Single Parent with Children (down from 4.1%)

** There were more purchases by couples without children and empty nesters/retirees during September.

Moving From:
54.5% from Within OMREB Board Area  (up from 50.1% in August) ***
21.5% from Alberta (down from 22.6%)
8.0% from Lower Mainland/Vancouver Island  (up from 5.2%) ***
6.4% from Other Areas in BC  (down from 9.8%)
5.8% from Saskatchewan/Manitoba (up from 4.9%) ***
1.9% from Eastern Canada/Maritimes (down from 4.5%)
1.3% from Outside Canada  (down from 2.1%)
0.6% from NWT/Yukon (down from 0.7%)

*** Compared to August, more buyers moved from within the Board area, the Lower Mainland/Vancouver Island and Saskatchewan/Manitoba in September, while movement from other areas declined.

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