Interestingly there were more cash Buyers in Kelowna and the Central Okanagan Real Estate Market in May 2018.
Is this yet another sign of how much of an impact the new Mortgage Stress tests are having on the Real Estate Market?
Fewer local Buyers entered the Real Estate Market last month, but sales numbers were steady to Lower Mainland and Alberta Buyers.
Here are the full results published by the Okanagan Mainline Real Estate Board (OMREB).
Best describe your most recent Buyer (moving to/from property type)
First Time Buyer – 16.15% up from 14.53%
Moving Up – 16.86% down from 18.97%
Similar Property Type – 20.19% down from 21.18%
Revenue Property Investor – 14.96% up from 14.78%
Downsizing – 12.83% down from 14.53%
Single-family Res to Strata – 5.46% down from 6.65%
Strata into Single Family – 2.85 down from 5.42%
Recreational Property – 7.36% up from 4.68%
Retirement Community - 0.95% down from...