Central Okanagan Home Buyer Profile June 2013

JUNE SURVEY SUMMARY

Property Type:
23.7% of purchases were by Move-Up Buyers (down from 24.5% in May)
17.5% by First Time Buyers (same as May)
17.1% moving from Single Family Home to Strata Unit (up from 15.0%)*
8.6% buying Revenue/Investment Property (up from 7.3%)*
5.1% buying Recreation Property (down from 7.3%)
4.7% moving into Retirement Home/Seniors Community (down from 5.8%)
4.3% moving from Strata property to Single Family Home (same as May)

* During the month of June, there was an increase in owners downsizing from Single Family to Strata, and revenue property purchases by investors, while other categories saw a drop or remained the same as the previous month.

Buyer Type (Family Dynamic):
28.6% Empty Nester/Retired (up from 23.5% in May)**
27.8% Couple without Children (up from 24.4%)**
20.3% Two Parent Family/Children (down from 24.4%)
11.3% Single Female (down from 11.7%)
6.8% Single Male (down from 8.9%)
2.3% Single Parent with Children (up from 1.4%)**

** In June, there were more purchases by empty nesters/retirees, couples without children and single parents. while other categories saw decreases.

Moving From:
58.8% from Within OMREB Board Area (up from 55.5% in May)***
18.8 % from Alberta (down from 21.6%)
8.3% from Other Areas in BC (up from 4.9%)***
7.5% from Lower Mainland/Vancouver Island (same as May)
3.4% from Saskatchewan/Manitoba (down from 5.7%)
1.1% from Outside Canada (down from 1.8%)
0.8% from Eastern Canada/Maritimes (down from 2.8%)
0.4% from NWT/Yukon (same as May)

*** Compared to May, there was more movement from within the Board area and other areas of BC, and less migration from elsewhere last month.

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Rom Houtstra

Rom Houtstra

REALTORĀ®
CENTURY 21 Assurance Realty Ltd.
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