In the latest Okanagan Mainline Real Estate Board (OMREB) update the latest Buyers
Survey results show Revenue Investor Buyers were fewer last month while move-up Buyers and Buyers moving from Strata to Single-Family home buyers were up. This was backed up by the increase in Two-Parent Families with Children buying this month.
Interestingly there was quite a reduction in the number of buyers from Vancouver and the Lower Mainland, but an increase in buyers from Alberta and other areas of BC.
There was an increase in buyers in Salmon Arm and the Shuswap. Buying numbers were slightly up in Kelowna and West Kelowna, and down in Vernon and Coldstream.
Here is the full report -:
Best describe your most recent Buyer (moving to/from property type)
First Time Buyer – 20.82% (20.79%)
Revenue Property Investor – 5.91% (9.41%)
Moving Up – 20.57% (17.33%)
Similar Property Type – 19.54%. (18.81%)
Downsizing – 12.85% (11.88%)
Single family Res to Strata – 5.66%...