
Move up Buyers were the busiest Buyers last month, representing 20.51% of the Market, with First Time buyers also being busier, according to the Okanagan Mainline Real Estate Board (OMREB).
A continuing sign that Buyers are gradually recovering from the impact of the Mortgage Stress Test rules.
There were a few more Buyers from Alberta 10.26%, compared to 6.26% last month, and a small increase in the numbers looking in the Kelowna & West Kelowna area.
Please find the full summary below.
Best describe your most recent Buyer (moving to / from property type)
First Time Buyer – 19.55% (17.24%)
Revenue Property Investor – 9.29% (12.23%)
Moving Up – 20.51% (19.44%)
Similar Property Type – 16.67% (17.87%)
Downsizing – 13.46% (16.61% )
Single family Res to Strata – 6.09% (5.02%)
Recreational Property – 6.73% (6.27%)
Retirement Community – 1.60% (2.82%)
Strata to Single Family – 3.53% (2.19%)
Describe...