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Okanagan Shuswap Real Estate BUYERS Report Feb. 2014
Okanagan Shuswap Real Estate BUYERS Report Feb. 2014
27%
27%
5%
11%
3%
7%
6%
14%
Q1: How would you best describe your most recent Buyer
- Property category?
First time buyer Moving from one property to an upgraded property
Moving from a strata property to a single family home Moving from a single family home to a strata property
Moving into a retirement home/senior's community Buying revenue property for investment purposes
Buying recreational property Other
LEGEND: Clockwise – left to right
Okanagan Shuswap Real Estate BUYERS Report Feb. 2014
14%
7%
24%
31%
5%
17%
2%
Q2: Describe the Buyer - demographic/family status
Single male Single female
Couple without children Two parent family with children
Single parent with children Empty nesters or retired
Other
LEGEND: Clockwise – left to right
Okanagan Shuswap Real Estate BUYERS Report Feb. 2014
50.8%
22.1%
26.2%
2.5%
Q3: How did the Buyer finance the purchase?
Conventional mortgage (20% or more down payment)
High ratio mortgage (less than 20% down)
All cash
Rental income necessary to qualify for financing LEGEND: Clockwise – left to right
Okanagan Shuswap Real Estate BUYERS Report Feb. 2014
60%
7%
8%
18%
1% 2%
4%
Q4: Where did the Buyer move from?
If an Investor, choose where he/she is from
even if not actually making a move.
From within the OMREB Board area
(Peachland to Revelstoke)
From the Lower Mainland or Vancouver
Island
From other areas of BC
From Alberta
From Saskatchewan/Manitoba
From Eastern Canada/Maritimes
From outside Canada
LEGEND: Clockwise - right to left
Okanagan Shuswap Real Estate BUYERS Report Feb. 2014
61%
6%
13%
8%
5%
7%
Q5: In what area was the property purchased?
Kelowna/West Kelowna
Central Okanagan (excluding
Kelowna/West Kelowna)
Vernon/Coldstream
North Okanagan (excluding
Vernon/Coldstream)
Salmon Arm
Shuswap/Revelstoke (excluding Salmon
Arm)
LEGEND: Clockwise - right to left
Okanagan Shuswap Real Estate BUYERS Report Feb. 2014

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Okanagan Shuswap Real Estate BUYERS Report Feb. 2014

  • 3. 27% 27% 5% 11% 3% 7% 6% 14% Q1: How would you best describe your most recent Buyer - Property category? First time buyer Moving from one property to an upgraded property Moving from a strata property to a single family home Moving from a single family home to a strata property Moving into a retirement home/senior's community Buying revenue property for investment purposes Buying recreational property Other LEGEND: Clockwise – left to right
  • 5. 14% 7% 24% 31% 5% 17% 2% Q2: Describe the Buyer - demographic/family status Single male Single female Couple without children Two parent family with children Single parent with children Empty nesters or retired Other LEGEND: Clockwise – left to right
  • 7. 50.8% 22.1% 26.2% 2.5% Q3: How did the Buyer finance the purchase? Conventional mortgage (20% or more down payment) High ratio mortgage (less than 20% down) All cash Rental income necessary to qualify for financing LEGEND: Clockwise – left to right
  • 9. 60% 7% 8% 18% 1% 2% 4% Q4: Where did the Buyer move from? If an Investor, choose where he/she is from even if not actually making a move. From within the OMREB Board area (Peachland to Revelstoke) From the Lower Mainland or Vancouver Island From other areas of BC From Alberta From Saskatchewan/Manitoba From Eastern Canada/Maritimes From outside Canada LEGEND: Clockwise - right to left
  • 11. 61% 6% 13% 8% 5% 7% Q5: In what area was the property purchased? Kelowna/West Kelowna Central Okanagan (excluding Kelowna/West Kelowna) Vernon/Coldstream North Okanagan (excluding Vernon/Coldstream) Salmon Arm Shuswap/Revelstoke (excluding Salmon Arm) LEGEND: Clockwise - right to left