Kelowna Real Estate Market News

Kelowna Real Estate Buyers Survey February 2019

Property Type:

18.13% First Time Purchase (up from 16.87% in January)

16.58% Move Up Purchase (down from 19.28%)

18.65% Relocating to Similar Property Type (up from 18.07%)

11.92% Revenue/Investment (up from 10.84%)

12.95% Downsizing (down from 16.27%)

  8.29% Moving from Single family Home to Strata Unit (up from 4.82%)

  4.66% Moving from Strata Property to Single Family Home (up from 2.41%)

  6.22% Recreational Property (down from 7.83%)

  2.07% Retirement Home/Seniors Community (down from 3.61%)

Buyer Type (Family Dynamic):

22.40% Two Parent family/children (down from 30.30% in January)

25.00% Couple without children (up from 23.64%)

18.75% Empty nesters or retired (down from 23.03%)

16.15% Single female (up from 12.12%)

  9.90% Single male (down from 10.30%)

  3.13% Single parent with children (up from 2.42%)

Moving From:

62.89% From within Board area (down from 63.86% in January)

16.49% From Lower Mainland/Island (up from 12.65%)

  7.22% From other Areas BC (down from 7.83%)

  5.67% From Alberta (down from 6.63%)

  3.61% From outside Canada (up from 1.81%)

  2.06% From E Canada/Maritimes (down from 4.22%)

  2.06% From Sask./Manitoba (down from 2.41%)

  0.00% From the NWT/Yukon (down from 0.60%)

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