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Who is Buying in the Okanagan - April 2017

Central Okanagan Real Estate Statistics - April 2017

Property Type:

19.0% by Relocating and moving to similar property type (down from 20.3% in March)
18.5% by First Time Buyers (down from 19.4%)
15.8% by Move-Up Buyers (down from 17.1%)
15.5% by Buyers Downsizing (up from 13.3%)
14.3% buying Revenue/Investment Property (no change from 14.3%)
5.7% moving from Single Family Home to Strata Unit (up from 4.1%)
4.2% moving from Strata Property to Single Family Home (up from 2.5%)
3.9% buying Recreation Property (up from 3.8%)
1.8% moving into Retirement Home/Seniors Community (down from 2.2%)
 
Buyer Type (Family Dynamic):
27.1% Two Parent Family/Children (up from 26.3% in March)
21.8% Couple without Children (down from 24.1%)
19.2% Empty Nester/Retired (up from 15.4%)
14.7% Single Female (up from 12.2%)
11.8% Single Male (down from 13.2%)
4.7% Single Parent with Children (down from 6.0%)
 
Moving From:
56.3% from Within OMREB Board Area (up from 55.6% in March)
19.9% from Lower Mainland/Vancouver Island (up from 17.5%)
9.1% from Other Areas in BC (up from 5.6%)
8.5% from Alberta (up from 8.4%)
2.9% from Eastern Canada/Maritimes (down from 5.3%)
2.1% from Saskatchewan/Manitoba (down from 4.1%)
0.9% from Outside Canada (down from 3.1%)
0.3% from NWT/Yukon (no change from 0.3%)

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