Kelowna Real Estate Market News

Kelowna Real Estate Buyers Survey Results October 2021

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


First-time Buyers were much busier in the Market last month, together with both single Male and Single Female Buyers.


There were more local Buyers and we continued to see good numbers from the Lower Mainland and Vancouver Island.


There were also more Buyers buying in the Princeton/Keremeos areas, Summerland, and Penticton / Naramata.


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


First Time Buyer – 19.42% (12.74%)

Revenue Property Investor – 17.59% (20.75%)

Moving Up – 14.44% (14.62%)

Similar Property Type – 17.32% (20.75%)

Downsizing – 13.91% (10.85%)

Single-family Res to Strata – 4.99% (4.25%)

Recreational Property – 8.14% (8.96%)

Retirement Community – 1.84% (1.89%)

Strata to Single Family – 1.57% (4.01%)%


Describe the Buyer (family dynamic):


Couple without children – 21.41% (23.83%)

Two Parent family /children – 23.76% (31.54%)

Empty nesters or retired – 21.15% (20.33%)

Single female – 12.27% (10.75%)

Single male – 16.19% (9.81%)

Single parent with children – 2.87% (2.80%)



Where did Buyer move from?


From within Association area – 51.97% (46.28%)

From Lower Mainland/Island – 27.30% (25.35%)

From Alberta – 8.4% (11.16%)

From other Areas BC – 6.74%

From E Canada/Maritimes – 3.41% (5.35%)

From Sask./Manitoba – 1.84% (2.33%)

From outside Canada – 1.05% (1.63%)

From the NWT/Yukon – 1.05% (1.16%)



In what area was property purchased?


Kelowna/West Kelowna – 40.73% (40.00%)

Vernon/Coldstream – 15.40% (16.74%)

Central Ok (outside K/WK) – 3.66% (6.74%)

Salmon Arm – 3.92% (4.88%)

North Ok (outside V/CS) – 7.74% (5.58%)

Shuswap/Rev (outside SA) – 6.27% (10.00%)

Oliver/Osoyoos – 3.92% (3.49%)

Princeton/Keremeos – 2.35% (0.47%)

Summerland – 2.09% (1.40%)

Penticton/Naramata – 12.27% (6.98%)

Dawson Creek – 3.13% (3.02%0

Chetwynd/Tumbler Ridge – 0.52% (0.70%)



Kind Regards


Trish Cenci

Kelowna Real Estate Agent



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