October Buyer Survey ~ Whats happening in the Okanagan

OCTOBER SURVEY SUMMARY

Property Type:

23.9% by Move-Up Buyers (up from 21.9% in September)

18.1% by First Time Buyers (up from 17.2%)  

17.7% by Buyers Downsizing (down from 16.8%)

11.9% moving from Single Family Home to Strata Unit (down from 12.1%)

11.5% buying Revenue/Investment Property (up from 10.2%)  

4.6% buying Recreation Property (down from 10.2%)

3% moving from Strata Property to Single Family Home (up from 5.5%)

1.9% moving into Retirement Home/Seniors Community (up from 3.1%)  

 

 

Buyer Type (Family Dynamic):

22.1% Two Parent Family/Children (down from 27.0% in September)

24.3% Empty Nester/Retired (down slightly from 24.7%)

27% Couple without Children (up from 20.2%)

9% Single Male (down from 13.7%)

16.5% Single Female (up from 11.0%)

2.3% Single Parent with Children (down from 3.4%)

 

 

Moving From: 

60.5% from Within OMREB Board Area (up from 56.2% in September)

13.1% from Alberta (down from 14.4%)

9% from Lower Mainland/Vancouver Island (down from 12.5%)

8.2% from Other Areas in BC (down from 6.4 August)

5.6% from Eastern Canada/Maritimes (up from 4.1%)

2.6% from Outside Canada (down from 4.1%)

0.8% from Saskatchewan/Manitoba (down from 1.1%)

0.4% from NWT/Yukon (down from 0.7%)

Kim Heizmann

Kim Heizmann

Personal Real Estate Corporation
CENTURY 21 Executives Realty Ltd.
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