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By Jaime Briggs, Kelowna Real Estate
September 14th, 2012
Due to the recent Peachland Fire in the Okanagan Valley and many questions that come up regarding the "Fire Covenants" that show up on Title Searches, I thought this post by Peter Borszcz, Pihl & Associates Lawyer would be timely to repost right now. Read More...
By Jaime Briggs, Kelowna Real Estate
August 29, 2012
Everyone is always asking "Who's Buying Homes in the Okanagan" and "Where are they coming from?"
Well, the results of OMREB's JULY 2012 Buyers Survey are now posted!
JULY SURVEY SUMMARY
22.8% of purchases were by Move-Up Buyers
19.9% by First Time Buyers
13.1% moving from Single Family Home to Strata Unit
10.7% buying Revenue/Investment Property (up from 6% in June)*
9.7% purchasing Recreation Property (up from 7.6% in June)*
4.4% moving from Strata property to Single Family Home
3.9% moving into Retirement Home/Seniors Community
* During the month of July there was a significant jump in sales to Buyers of Revenue/Investment Property (10.7% compared to 6%) and Recreation Property (9.7% compared to 7.6%) over June.
Buyer Type (Family Dynamic):
26.4% Two Parent Family/Children
24.5% Empty Nesters/Retired (up from 16.7% in June)**
19.9% Couple without Children
16.7% Single Female (up from 13.5% in June)**
10.2% Single Male
4.6% Single Parent with Children
** In July, there was a significant increase in purchases by Empty Nesters (24.5% compared to 16.7%) and Single Females (16.7% compared to 13.5%) over June.
47.2% from Within OMREB Board Area
19.4% from Alberta (up from 13% in June)***
13.4% from Lower Mainland/Vancouver Island
9.7% from Other Areas in BC
4.6% from Eastern Canada/Maritimes (up from 2.1% in June)***
2.3% from Saskatchewan/Manitoba
1.9% from Outside Canada
1.4% from NWT/Yukon (11th month reported – up from 0% in June)***
*** Compared to June, there was more migration from Alberta(19.4% of purchases compared to 13%), Eastern Canada and the Maritimes (4.6% compared to 2.1%), and from the North West Territories and Yukon (1.4% compared to 0%) during the current reporting month (July).
JULY 2012 RESULTS & HIGHLIGHTS: Click here for full summary of July survey results with pie charts and here for this month's highlights. Click here for “Who is Buying Homes in the Okanagan-Shuswap?” hand-out for July 2012.
2011 & 2012 PIE CHARTS - Averages: Click here for pie charts showing for averages compiled for all five Survey categories during the first six months of 2012 (first and second quarters), and herefor 2011. Click here for averages for the two main categories - Buyer Type and Where From - compiled for the past 23 months (since September 2010). Read More...
MEDIA RELEASE For Immediate Release March 16, 2012 REALTORS® MAKING A DIFFERENCE: $10,000 Raised for Okanagan Hospice and Women’s Shelter Kelowna, BC – Despite a slowdown in the pace of home sales in the Central Okanagan, the community Read More...
High gas prices prompt "Stay-cations", your stay at home Vacation! What summer living in the Okanagan is all about! Read More...
By Jaime Briggs, Kelowna Real Estate April 23, 2011 The results of the OMREB (Okanagan Mainline Real Estate Board) "Buyers Survey" are in. Here's who's buying property in the Okanagan! March Survey Highlights: 25.6% of purchases were Read More...
By Jaime Briggs, Kelowna Real Estate April 14th, 2011 A big thanks to Peter Borszcz, of Pihl & Associates for hosting an exclusive info session for a few of us Realtors on the sale of waterfront property. Living here in the Okanagan, and Kelowna, Read More...
By Jaime Briggs, REALTOR® www.BriggsOnHomes.com Monday November 15, 2010 This is HOT off the press! The 2010 Kelowna Housing Market Forecast has just been released by CMHC (Canadian Mortgage & Housing Corp). Here are some of their highlights: Read More...
By Jaime Briggs, REALTOR® www.BriggsOnHomes.com April 30th, 2009 Here’s a great story from CBS news that talks about the strength of Canadian Banks. http://www.cbsnews.com/video/watch/?id=4954339n Our market in Canada is very different than Read More...
By Jaime Briggs, REALTOR® www.BriggsOnHomes.com Affordability Drives Home Sales Higher Vancouver, BC – April 15, 2009. British Columbia Real Estate Association (BCREA) reports residential sales dollar volume on the Multiple Listing Service® Read More...
By Jaime Briggs, REALTOR® www.BriggsOnHomes.com Wow! Are we back to a busier real estate market? Seems things are certainly heating back up in Kelowna again........ Just in the past 3 weeks, there has been 171 property sales in Kelowna, with an average Read More...
By Jaime Briggs, REALTOR® www.BriggsOnHomes.com HOME SALES INCREASED IN FEBRUARY!! …. This is great news for our markets here in Kelowna and around BC. The low interest rates and awesome deals out there have spurred on a lot of fresh activity Read More...
Credit conditions easing, banks no longer struggling to raise funds to make loans From Tuesday's Globe and Mail March 17, 2009 at 2:00 AM EDT Canadian banks are turning down some of the funding that the government is making available to them, a sign Read More...
By Jaime Briggs, REALTOR® www.BriggsOnHomes.com IS THE KELOWNA REAL ESTATE MARKET HEATING UP? I know that I have found things EXTREMELY busy these last 3 weeks or so. In talking with my fellow Realtors, they too are commenting about how busy it is Read More...
February 11, 2009 By Jaime Briggs - www.BriggsOnHomes.com Are you looking for a place to rent? Coldwell Banker also offers Property Management Services. Here are just a few of the latest properties available for rent. Please contact Kevin Cheale directly Read More...
February 3, 2009 By Jaime Briggs - www.BriggsOnHomes.com Recessionary Conditions Slow Housing Market BCREA Forecast Update - First Quarter 2009 Vancouver, BC – February 2, 2009. The British Columbia Real Estate Association (BCREA) Forecast Update Read More...