Kelowna Real Estate Market News

Kelowna Real Estate Market Buyers Survey Report - June 2019

The latest Buyers Survey Results are now available for the Kelowna and Central Okanagan Real Estate Market for June 2019.


There were fewer people 'moving up', more people purchasing similar properties, fewer people downsizing and more people moving into Retirement Communities.


Local buyers were a little more active, Lower Mainland Buyers Slightly less and Alberta Buyers slightly higher.


Here is the full summary below.


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


First Time Buyer – 18.95%

Revenue Property Investor – 10.46%

Moving Up – 14.71%

Similar Property Type – 21.24%

Downsizing – 15.69%

Single-family Residential to Strata – 5.23%

Recreational Property – 5.88%

Retirement Community – 4.58%

Strata to Single Family – 3.59%


Describe the Buyer (family dynamic):


Couple without children – 22.22%

Two Parent family/children – 28.43%

Empty nesters or retired – 25.49%

Single female – 10.78%

Single male – 8.50%

Single parent with children – 3.59%


How did Buyer finance purchase?


Conventional (>20% down) – 55.56%

All cash – 29.74%

High ratio (< 20% down) – 15.03%

Rental income to qualify – 0%


Where did Buyer move from?


From within Board area – 63.19%

From Lower Mainland/Island – 14.01%

From Alberta – 8.14%

From other Areas BC – 8.14%

From E Canada/Maritimes – 3.26%

From Sask./Manitoba – 1.63%

From outside Canada – 1.30%


In what area was property purchased?


Kelowna/West Kelowna – 53.25%

Vernon/Coldstream – 18.51%

Central Ok (outside K/WK) – 5.19%

Salmon Arm – 8.77%

North Ok (outside V/CS) – 5.84%

Shuswap/Rev (outside SA) – 8.44%


Kind Regards


Trish Cenci


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