Friday, 19 October 2012

Kelowna Buyers Survey Results for September 2012

Hi All,
The results of OMREB's SEPTEMBER 2012 Buyers Survey are now posted!   A total of 160 respondents participated in this survey – representing 54% of the 299 OMREB sales representatives who acted as Buyers Agents, and 39% of the 416 deals closed on behalf of Buyers in September.
It seems that sales to First Time Buyers recovered this month by 5%, after the drop in sales to this sector of the market during August, as a result to the changes in Mortgage Rules.
Property Type:

27.6% of purchases were by Move-Up Buyers (maintaining - 26.6% in August)
21.2% by First Time Buyers (up from 16.2% in August)*
15.4% purchasing Recreation Property (maintaining - 15.3% in August)
10.3% moving from Single Family Home to Strata Unit (up from 8.6% in August)*
7.1% buying Revenue/Investment Property
3.2% moving into Retirement Home/Seniors Community
2.6% moving from Strata property to Single Family Home(maintaining - 2.7% in August)
* During the month of September, there was a noticeable jump in sales to First Time Buyers and to Purchasers of Strata Units (moving from Single Family Homes) compared to August – as noted above. Other types maintained similar numbers from the previous month.Buyer Type (Family Dynamic):
22.6% Two Parent Family/Children
23.3% Empty Nesters/Retired  (maintaining - 24.6% in August)
23.3% Couple without Children (up from 20.5% in August)**
18.2% Single Male (up from 11.6% in August)**
12.6% Single Female (up from 6.3% in August)**
1.9% Single Parent with Children

** In September, there was a significant increase in purchases by Couples without Children, Single Males and Single Females (12.6% from 6.3%) compared to August – as noted above. 
Moving From:
50.9% from Within OMREB Board Area
21.4% from Alberta (up from 19.1% in August)***
10.7% from Lower Mainland/Vancouver Island (up from 9.8% in August)***
6.9% from Other Areas in BC (up from 4.9% in August)***
6.3% from Saskatchewan/Manitoba (up from 2.7% in August)***
1.9% from Outside Canada
1.3% from Eastern Canada/Maritimes
0.6% from NWT/Yukon (13th month reported)
*** Compared to August, there was more migration from Alberta, the Lower Mainland/Vancouver Island, other areas of BC and Saskatchewan/Manitoba – as noted above.
Kind Regards
Trish Cenci
Tel 250 864 1707

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