April Buyers Survey Summary

The results of OMREB's APRIL 2014 Buyers Survey are now in and posted! A total of 317 respondents participated in this survey – representing 71% of the 447 OMREB sales representatives who acted as Buyers Agents, and 42% of the 757 deals closed on behalf of Buyers in April (a record response rate – the highest since September 2010).

Property Type:

28.7% of purchases were by Move-Up Buyers (up from 24.7% in March) *
21.1% by First Time Buyers (down from 22.3%)
10.6% moving from Single Family Home to Strata Unit (down from 11.6%)
9.9% buying Recreation Property (up from 7.4%) *
9.6% buying Revenue/Investment Property (up from 7.0%) *
6.3% moving into Retirement Home/Seniors Community (up from 4.2%) *
3.6% moving from Strata property to Single Family Home (up from 2.8%) *

* During the month of April, there was an increase in purchases by move-up buyers, and those moving into retirement/seniors communities and from strata properties to single family homes, as well as recreation and revenue properties, compared to the previous month.

Buyer Type (Family Dynamic):
27.8% Two Parent Family/Children (up from 20.0% in March) **
24.0% Couple without Children (down from 28.6%)
19.2% Empty Nester/Retired (down from 21.4%)
12.0% Single Male (down from 13.6%)
11.4% Single Female (up from 10.9%) **
3.5% Single Parent with Children (down from 4.1%)

** There were more purchases by two parent families with children and single females during April than in March.

Moving From:
51.1% from Within OMREB Board Area (up from 50.5% in March) ***
20.2% from Alberta (up from 17.1%) ***
10.1% from Other Areas in BC (down from 13.6%)
9.8% from Lower Mainland/Vancouver Island (down from 11.4%)
4.1% from Saskatchewan/Manitoba (up from 2.7%) ***
3.1% from Eastern Canada/Maritimes (up from 2.3%) ***
1.6% from Outside Canada (down from 3.2%)
0% from NWT/Yukon (same as March)

*** Compared to March, more buyers moved from within the Board area, Alberta, other areas of BC, the Lower Mainland/Vancouver Island, Saskatchewan/Manitoba, and Eastern Canada/Maritimes in April.

APRIL 2014 RESULTS & HIGHLIGHTS: Click on highlighted text
• Full summary of survey results with pie charts
• This month's highlights
Who is Buying Homes in the Okanagan-Shuswap? hand-out for April

2011-2014 PIE CHARTS:
Compiled averages for all five categories to show trends:
•2014 pie charts for first quarter (January through March) *
• 2013, 2012 and 2011 pie charts to compare - available on REALTOR Link
* 2nd Q charts will be available in July

REALTORLink Archive: Monthly Buyers Survey results, averages and highlights are posted and archived for easy reference and download on OMREB Statistics page on REALTOR Link.

There are no comments

Thank you! Your comment has been submitted and is awaiting approval.

Kim Heizmann

Kim Heizmann

Personal Real Estate Corporation
CENTURY 21 Executives Realty Ltd.
Contact Me