The latest Buyers Survey Results are now out for October 2018 for the Kelowna and Central Okanagan Real Estate Market.
First-time Buyers weren't as busy this month down to 14.87% from 20.08%, but there were more Investors up from 8.79% to 14.45%
Two-parent families with Children represented the highest Family Dynamic at 28.13%, and slightly more Buyers purchased from Alberta up to 10.7% from 7.48%.
Slightly fewer Buyers purchased in Kelowna - down to 42.06% from 43.21%, however, there were more Buyers purchased in the Vernon area up to 20.87% from 17.28%.
Here are the full results below.
Best describe your most recent Buyer (moving to/from property type)
First Time Buyer – 14.87%
Revenue Property Investor – 14.56% Moving Up – 12.97%
Similar Property Type– 22.15% Downsizing – 18.99%
Describe the Buyer (family dynamic):
Couple without children – 24.38%
Two Parent family/children – 28.13%
Empty nesters or retired – 20.00%
Single female – 15.94%
Single male– 7.81%
Single parent with children– 3.44%
How did Buyer finance purchase?
Conventional (>20% down) – 57.01%
All cash – 32.09%
High ratio (< 20% down)– 10.90%
Rental income to qualify – 1.87%
Where did Buyer move from?
From within Board area – 56.07%
From Lower Mainland/Island – 18.07%
From Alberta– 7.48%
From other Areas BC– 9.03%
From E Canada/Maritimes – 4.36%
From Sask./Manitoba – 2.8%
From outside Canada – 2.18%
From the NWT/Yukon – 0.0%
In what area was property purchased?
Kelowna/West Kelowna – 42.06%
Vernon/Coldstream – 20.87%
Central Ok (outside K/WK) – 7.17%
Salmon Arm – 10.28%
North Ok (outside V/CS) – 8.10%
Shuswap/Rev (outside SA) – 11.53%
Kind Regards
Trish Cenci
Post Your Comment: