Who's Buying Homes in The Okanagan? Results of August 2011 Buyer's Survey
By Jaime Briggs, Kelowna Real Estate
September 22nd, 2011
The results of OMREB's August 2011 Buyers Survey are in!
AUGUST SURVEY SUMMARY
Property Type:
22.9% by First Time Buyers
17.4% of purchases were by Move-Up Buyers
11.1% buying Revenue/Investment Property
10.4% moving from Single Family Home to Strata Unit
7.6% Recreation Property Buyers
5.6% moving into Retirement Home/Seniors Community
3.5% moving from Strata property to Single Family Home
Moving From:
50% from Within OMREB Board Area
18.8% from Alberta
10.4% from Lower Mainland/Vancouver Island
10.4% from Other Areas in BC
6.3% from Eastern Canada/Maritimes
2.8% from Outside Canada
1.4% from Saskatchewan/Manitoba
RESULTS: Click here for full summary of AUGUST results with pie charts.
HIGHLIGHTS/AVERAGES: Click here for highlights and here for averaging comparisons for the past 12 months (September 2010 through August 2011). For the current "Who is Buying Homes in the Okanagan-Shuswap?" (September handout), click here.