Kelowna Real Estate Market News

Kelowna Real Estate Buyers Survey Results November 2021

The Kelowna Real Estate Buyers Survey Results are now out for October 2021.


The was a substantial reduction in First Time and Investment Buyers last month, with move-up Buyers and Buyers purchasing similar properties busier in the Real Estate Market.


Local Buyers and Lower Mainland Buyer numbers were down last month, while buyers from other areas of BC and Alberta were up.


There were fewer Buyers in the Kelowna area, and significantly fewer Buyers in Penticton, with more Buyers in the Oliver, Vernon and Salmon Arm areas.


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


First Time Buyer – 13.51% (19.42%)

Revenue Property Investor – 13.02% (17.59%)

Moving Up – 16.95% (14.44%)

Similar Property Type – 19.90% (17.32%)

Downsizing – 13.51% (13.91%)

Single-family Res to Strata – 6.39% (4.99%)

Recreational Property – 9.34% (8.14%)

Retirement Community – 2.46% (1.84%)

Strata to Single Family – 2.21% (1.57%)


Describe the Buyer (family dynamic):


Couple without children – 24.82% (21.41%)

Two Parent family /children – 24.33% (23.76%)

Empty nesters or retired – 21.90% (21.15%)

Single female – 11.68% (12.27%)

Single male – 12.17% (16.19%)

Single parent with children – 2.19% (2.87%)


Where did Buyer move from?


From within Association area – 49.88% (51.97%)

From Lower Mainland/Island – 21.41% (27.30%)

From Alberta – 10.71% (8.4%)

From other Areas BC – 7.79% (6.74%)

From E Canada/Maritimes – 4.87% (3.41%)

From Sask./Manitoba – 1.95% (1.84%)

From outside Canada – 2.92% (1.05%)

From the NWT/Yukon – 0.49% (1.05%)


In what area was property purchased?


Kelowna/West Kelowna – 38.50% (40.73%)

Vernon/Coldstream – 16.22% (15.40%)

Central Ok (outside K/WK) – 5.81% (3.66%)

Salmon Arm – 5.57% (3.92%)

North Ok (outside V/CS) – 6.05% (7.74%)

Shuswap/Rev (outside SA) – 8.23% (6.27%)

Oliver/Osoyoos – 4.60% (3.92%)

Princeton/Keremeos – 2.18% (2.35%)

Summerland – 2.91% (2.09%)

Penticton/Naramata – 6.78% (12.27%)

Dawson Creek – 2.91% (3.13%)

Chetwynd/Tumbler Ridge – 0.24% (0.52%)


Kind Regards


Trish Cenci

Kelowna Real Estate Agent



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