What Typle of Home are Buyers Purchasing?

 

According to the survey commissioned  by the Real Estate Board of Greater Vancouver and the Fraser Valley Real Estate Board most buyers purchased a detached single-family home.

In Greater Vancouver in 2008 -

44% of buyers purchased a detached single-family home

37% purchased a condominium apartment

16% purchased a townhouse

4% purchased a duplex

In the Fraser Valley in 2008 -

56% of buyers purchased a detached single-family home

19%  purchased a condominium apartment

21% purchased a townhouse

2% purchased a duplex

1% purchased a mobile/manufactured home

Most (99%) reported that the home purchased is a principal residence rather than a vacation home, investment property or second home.

 

 

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