The results of OMREB's June 2011 Buyers Survey are in!
A total of 153 respondents participated in this survey – representing 42% of the 369 OMREB sales representatives who acted as Buyers Agents and 29% of the 538 deals closed on behalf of Buyers in June.
JUNE SURVEY SUMMARY HIGHLIGHTSProperty Type:
23.8% by First Time Buyers
21.1% of purchases were by Move-Up Buyers
10.9% buying Revenue/Investment Property
6.8% moving from Single Family to Home Strata unit
6.1% moving from Strata property to Single Family Home
6.1% moving into Retirement Home/Seniors Community
5.4% Recreation Property Buyers
Where did the Buyer move from?
45.6 % From within the OMREB Board area (Peachland to Revelstoke)
18.8% From the Lower Mainland or Vancouver Island
2.8% From Other areas of BC
16.1% From Alberta
3.4% From Saskatchewan/Manitoba
0.7% From Eastern Canada/Maritimes
2.7% From outside Canada
In what area was the property purchased?
56.8% Kelowna/West Kelowna7.4% Central Okanagan (excluding Kelowna/West Kelowna)
7.4% North Okanagan (excluding Vernon/Coldstream)
3.4% Salmon Arm
10.1% Shuswap/Revelstoke (excluding Salmon Arm)
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