Kelowna Real Estate Market News

Kelowna Real Estate Market Buyers Survey March 2022

The Kelowna Real Estate Buyers Survey Results are now out for February 2022.


First-Time Buyers were busier again last month, with more Buyers coming from the Lower Mainland/ Vancouver Island than the previous month, and more Buyers purchasing in the Kelowna / West Kelowna Area.


Here is the full report below.


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


First Time Buyer – 17.28% (14.57%)

Revenue Property Investor – 18.98% (21.05%)

Moving Up – 11.9% (19.03%)

Similar Property Type – 18.98% (19.03%)

Downsizing – 13.03% (19.53%)

Single-family Res to Strata – 5.10% (3.24%)

Recreational Property – 7.37% (6.88%)

Retirement Community – 7.37% (0.40%

Strata to Single Family – 2.27% (2.02%)


Describe the Buyer (family dynamic):


Couple without children – 21.02% (24.21%)

Two Parent family /children – 29.26% (26.59%)

Empty nesters or retired – 21.31% (19.44%)

Single female – 11.36% (8.73%)

Single male – 12.22% (10.71%)

Single parent with children – 2.84% (2.78%)


Where did Buyer move from?


From within Association area – 53.22% (58.40%)

From Lower Mainland/Island – 22.97% (19.6%)

From Alberta – 5.88% (8.40%)

From other Areas BC – 6.44% (6.00%)

From E Canada/Maritimes – 5.6% (4.8%)

From Sask./Manitoba – 2.8% (1.2%)

From outside Canada – 2.8% (1.20%)

From the NWT/Yukon – 0.28% (0.40%)


In what area was property purchased?


Kelowna/West Kelowna – 43.26% (35.63%)

Vernon/Coldstream – 17.7% (17.00%)

Central Ok (outside K/WK) – 5.62% (7.29%)

Salmon Arm – 3.09% (6.48%)

North Ok (outside V/CS) – 4.49% (5.67%)

Shuswap/Rev (outside SA) – 7.87% (7.69%)

Oliver/Osoyoos – 5.34% (4.05%)

Princeton/Keremeos – 1.69% (1.21%)

Summerland – 1.12% (3.64%)

Penticton/Naramata – 8.71% (8.10%)

Dawson Creek – 0.56% (2.43%)

Chetwynd/Tumbler Ridge – 0.56% (0.81%) 


Kind Regards


Trish Cenci

Kelowna Real Estate Agent



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