Kelowna Real Estate Market News

Kelowna Real Estate Buyers Survey Results January 2020

The December 2019 Buyers Survey Results are now posted for the Kelowna Real Estate Market and Central Okanagan area.


'Move up' property buyers were busier in our Real Estate Market during the last month and Vernon / Coldstream saw more Buyers.


Please find the full summary below.


Best describe your most recent Buyer (moving to/from property type)


First Time Buyer –  20.88% (22.18%) 

Revenue Property Investor – 13.19% (12.13%) 

Moving Up – 21.43% (17.99%)

Similar Property Type – 13.19% (14.23%)

Downsizing – 10.44% (13.81%)

Single Family Res to Strata – 2.75% (5.44%) 

Recreational Property – 7.14% (7.11%)

Retirement Community – 1.10% (0% ) 

Strata to Single Family – 2.75% (4.18%) 


Describe the Buyer (family dynamic):

Couple without children – 19,23% (25.10%) 

Two-Parent Family /children –  27.47% (28.87%)

Empty nesters or retired – 14.84% (24.27%)

Single female – 18.13% (7.53%)

Single male – 10.99% (10.46%)

A single parent with children – 7.14% (4.18%)


How did Buyer finance purchase?

Conventional (>20% down) –  56.35% (60%)

All cash – 24.86% (25.96%)

High ratio (< 20% down) – 18.23% (14.04%)

Rental income to qualify – 1.10% (0.85%)


Where did Buyer move from?

From within Board area – 64.64% (63.45%)

From Lower Mainland/Island – 14.36% (15.55%)

From Alberta – 6.63% (8.82%)

From other Areas BC – 8.84% (4.20%)

From E Canada/Maritimes – 2.21% (3.36%)

From Sask./Manitoba – 1.10% (1.68%)

From outside Canada – 2.21% (2.52%)

From the NWT/Yukon – 0% (0.42%)


In what area was the property purchased?

Kelowna/West Kelowna – 54.40% (55.46%)

Vernon/Coldstream – 19.78% (12.61%)

Central Ok (outside K/WK) – 8.24% (8.40%)

Salmon Arm – 3.30% (5.88%)

North Ok (outside V/CS) – 6.59% (6.72%)

Shuswap/Rev (outside SA) – 7.69 (10.92%)


Kind Regards


Trish Cenci


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