Kelowna Real Estate Market News

Kelowna Real Estate Market Buyers Survey Results August 2022

The latest Association of Interior Realtors Buyer Survey Results for July 2022 are now out.


First-Time Buyers and Move-Up Buyers were busier last month, as well as buyers of Similar Properties.


There were a larger proportion of local buyers in the Market last month, together with a modest uptick in Buyers from the Lower Mainland and Vancouver Island, and a slight drop in Alberta Buyers.


There were fewer Buyers in the Kelowna /West Kelowna area, while many other areas saw numbers rise.


Here are the full results.


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


First Time Buyer – 19.79% (16.85%)

Revenue Property Investor – 10.25% (11.80%)

Moving Up – 13.07% (10.67%)

Similar Property Type – 25.80% (22.75%)

Downsizing – 15.90% (16.01%)

Single-family Res to Strata – 4.95% (5.62%)

Recreational Property – 8.13% (8.43%)

Retirement Community – 2.47% (2.25%)

Strata to Single Family – 2.47% (2.53%)


Describe the Buyer (family dynamic):


Couple without children – 23.69% (23.94%)

Two Parent family / children – 25.78% (24.51%)

Empty nesters or retired – 19.51% (18.87%)

Single female – 11.50% (14.65%)

Single male – 12.89% (11.83%)

Single parent with children – 3.48% (5.63%)


Where did Buyer move from?


From within the Association area – 59.86% (53.33%)

From Lower Mainland/Island – 20.07% (19.72%)

From Alberta – 5.88% (7.78%)

From other Areas BC – 6.92% (7.50%)

From E Canada/Maritimes – 3.11% (6.39%)

From Sask./Manitoba – 1.73% (2.50%)

From outside Canada – 2.42% (1.67%)

From the NWT/Yukon – 0.00% (1.11%)


In what area was the Property purchased?


Kelowna/West Kelowna – 35.19% (39.66%)

Vernon/Coldstream – 18.47% (17.04%)

Central Ok (outside K/WK) – 3.83% (5.03%)

Salmon Arm – 8.01% (4.75%)

North Ok (outside V/CS) – 6.97% (5.87%)

Shuswap/Rev (outside SA) – 7.67% (6.42%)

Oliver/Osoyoos – 4.18% (5.87%)

Princeton/Keremeos – 1.39% (1.12%)

Summerland – 1.39% (0.84%)

Penticton/Naramata – 10.10% (9.78%)

Dawson Creek – 2.44% (2.79%)

Chetwynd/Tumbler Ridge – 0.35% (0.84%) 


Kind Regards


Trish Cenci

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