APRIL Buyer Survey...Whats happening in the Okanagan?

APRIL SURVEY SUMMARY

Property Type:

28.3% by Move-Up Buyers (up from 17.7% in March) *

20.3% by First Time Buyers (down from 23.0%)

16.6% by Buyers Downsizing (down from 19.7%)

8.0% moving from Single Family Home to Strata Unit (same as March)

8.0% buying Recreation Property (up from 6.1%) *

5.9% buying Revenue/Investment Property (down from 7.5%)

4.3% moving from Strata Property to Single Family Home (down from 6.6%)

3.1% moving into Retirement Home/Seniors Community (up from 1.4%) *

 

* During April, there were increases in purchases by buyers who were moving up, or purchasing recreation properties, and people moving to retirement home/seniors communities - compared to the previous month. 

 

Buyer Type (Family Dynamic):

28.9% Couple without Children (up from 24.9 in March) **

28.4% Two Parent Family/Children (up from 26.7%) **

17.0% Empty Nester/Retired (down from 20.2%)

11.3% Single Female (down from 12.7%)

11.3% Single Male (up from 9.8%) **

3.6% Single Parent with Children (down from 5.6%)

 

** There were more purchases by couples without children, families with children, single males during April, while other buyer categories were down compared to March.

 

Moving From: 

61.8% from Within OMREB Board Area  (up from 60.2% in March) ***

12.3% from Alberta (down from 17.2%)

10.8% from Lower Mainland/Vancouver Island  (up from 9.2%) ***

6.1% from Other Areas in BC (up from 5.5%) ***

3.6% from Eastern Canada/Maritimes (up from 2.3%) ***

2.5% from Saskatchewan/Manitoba (down from 2.7%)

2.5% from Outside Canada (down from 2.7%)

0% from NWT/Yukon (same as March)

 

*** More buyers moved from within the Board area, Lower Mainland and Vancouver Island, other areas of BC, plus Eastern Canada and the Maritimes during April, while migration from Alberta, Saskatchewan and Manitoba, and immigration from overseas declined compared to March.

Kim Heizmann

Kim Heizmann

Personal Real Estate Corporation
CENTURY 21 Executives Realty Ltd.
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