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Type of Property being bought

April 10, 2016

This information is from the Okanagan Mainland Real Estate Board that shows us Type of Property being bought, Buyer Type and where is everyone coming from ?   

Property Type:
22.4% by First Time Buyers (down from 22.8% in January)
17.1% by Move-Up Buyers (down from 20.5%)
16.2% by Buyers Downsizing (up from 14.2%)
13.6% by Relocating and moving to similar property type (down from 14.2%)
13.6% buying Revenue/Investment Property (up from 11.8%)
7.5% moving from Single Family Home to Strata Unit (up from 4.7%)
3.9% buying Recreation Property (no change from 3.9%)
3.1% moving from Strata Property to Single Family Home (no change from 3.1%)
2.6% moving into Retirement Home/Seniors Community (down from 3.1%)

Buyer Type (Family Dynamic):
26.5% Two Parent Family/Children (down from 26.2% in January)
26.5% Couple without Children (up from 21.5%)
11.3% Single Female (down from 19.2%)
13.5% Single Male (down from 16.2%)
20.4% Empty Nester/Retired (up from 13.8%)
3% Single Parent with Children (down from 3.1%)

Moving From:
62.5% from Within OMREB Board Area (down from 63.1% in January)
14.7% from Lower Mainland/Vancouver Island (up from 12.3%)
7.3% from Alberta (up from 6.9%)
4.3% from Other Areas in BC (down from 6.9%)
4.3% from Saskatchewan/Manitoba (up from 2.3%)
3.9% from Outside Canada (down from 5.4%)
2.2% from Eastern Canada/Maritimes (down from 3.1%)
0.9% from NWT/Yukon (up from 0%)