
Move up Buyers were the busiest Buyers last month, representing 19.44% of the Market according to the Okanagan Mainline Real Estate Board.
I am wondering if this is a further sign that Buyers are gradually recovering from the impact of the Mortgage Stress Test rules, as it was Families with Children who were busiest, representing 27.67% of the market and 63.95% of them were local.
Please find the full summary below.
Best describe your most recent Buyer (moving to/from property type)
First Time Buyer – 17.24% (21.60%)
Revenue Property Investor – 12.23% (11.24%)
Moving Up – 19.44% (13.61% )
Similar Property Type – 17.87% (20.41%)
Downsizing – 16.61% (14.50%)
Single family Res to Strata – 5.02% (3.25%)
Recreational Property – 6.27% (7.69% )
Retirement Community – 2.82% (1.48%)
Strata to Single Family – 2.19% (3.25%)
Describe the Buyer (family dynamic):
Couple without children – 26.1% (27.60%)...