JULY - OKANAGAN BUYER'S SURVEY

JULY OKANAGAN BUYER’S SURVEY
Property Type:
22.8% of purchases were by Move-Up Buyers
19.9% by First Time Buyers
13.1% moving from Single Family Home to Strata Unit
10.7% buying Revenue/Investment Property (up from 6% in June)
9.7% purchasing Recreation Property (up from 7.6% in June)
4.4% moving from Strata property to Single Family Home
3.9% moving into Retirement Home/Seniors Community

Moving From:
47.2% from Within OMREB Board Area
19.4% from Alberta (up from 13% in June)
13.4% from Lower Mainland/Vancouver Island
9.7% from Other Areas in BC
4.6% from Eastern Canada/Maritimes (up from 2.1% in June)
2.3% from Saskatchewan/Manitoba
1.9% from Outside Canada
1.4% from NWT/Yukon (11th month reported – up from 0% in June)

Unemployment down dramatically
Kelowna Unemployment – 4.1%       *Lowest in Canada
Thompson Okanagan – 4.7%       * 5% is considered full employment


2012 was one of the busiest tourist seasons in the Okanagan’s history

 

 

 

 

Glenn Colwell

Glenn Colwell

Affiliated Real Estate Agent
CENTURY 21 Executives Realty Ltd.
Contact Me