OCTOBER SURVEY SUMMARY
Property Type:
27.4% of purchases were by Move-Up Buyers
19.1% by First Time Buyers
10.1% moving from Single Family Home to Strata Unit
8.4% buying Revenue/Investment Property (up from 7.1% in September)*
7.3% purchasing Recreation Property
5.6% moving from Strata property to Single Family Home (up from 2.6% in September)*
2.8% moving into Retirement Home/Seniors Community
* During the month of October, there was a jump in the sales of Single Family Homes to owners of Strata Properties, and in the sale of Revenue/Investment Properties compared to September– as noted above. Other categories remained at similar levels to the previous month.
Buyer Type (Family Dynamic):
18.6% Two Parent Family/Children
24.0% Empty Nesters/Retired
23.0% Couple without Children
16.4% Single Male
14.8% Single Female (up from 12.6% in September)**
3.8% Single Parent with Children (up from 1.9% in September)**
** In October, there was a significant increase in purchases by Single Parents with Children, and by Single Females compared to September – as noted above, while other categories remained at similar levels as the previous month.
Moving From:
57.1% from Within OMREB Board Area (up from 50.9% in September)***
14.3% from Alberta (down from 21.4% in September)***
13.7% from Lower Mainland/Vancouver Island (up from 10.7% in September)***
8.8% from Other Areas in BC (up from 6.9% in September)***
2.7% from Eastern Canada/Maritimes (up from 1.3% in September)***
2.2% from Outside Canada
0.5% from Saskatchewan/Manitoba (down from 6.3% in September)***
0.5% from NWT/Yukon (14th month reported)
*** Compared to September, there was less migration from Alberta and Saskatchewan/Manitoba in October, but more movement from the Lower Mainland/Vancouver Island, other areas of BC, and Eastern Canada/Maritimes — as noted above.
OCTOBER 2012 RESULTS & HIGHLIGHTS: Click here for full summary of survey with pie charts and here for highlights for this month. Click here to download the “Who is Buying Homes in the Okanagan-Shuswap?” hand-out for November 2012.
2011 & 2012 PIE CHARTS – Averages: Click here for pie charts showing averages compiled for all five Survey categories during the first 9 months of 2012, and here for 2011. For averages compiled for the two main categories – Buyer Type and Where From – during the past 26 months (since September 2010), click here.
REALTORLink Archive: Monthly Buyers Survey results, averages and highlights are posted and archived for easy reference on OMREB’s Statistics page on REALTORLink.
