OMREB June Buyer Survey Results

Property Type:

23.7% of purchases were by Move-Up Buyers  (down from 24.5% in May)

17.5% by First Time Buyers  (same as May)

17.1% moving from Single Family Home to Strata Unit  (up from 15.0%)*

8.6% buying Revenue/Investment Property  (up from 7.3%)*

5.1% buying Recreation Property  (down from 7.3%)

4.7% moving into Retirement Home/Seniors Community  (down from 5.8%)

4.3% moving from Strata property to Single Family Home  (same as May)

* During the month of June, there was an increase in owners downsizing from Single Family to Strata, and revenue property purchases by investors, while other categories

saw a drop or remained the same as the previous month.

Buyer Type (Family Dynamic):

28.6% Empty Nester/Retired (up from 23.5% in May)**

27.8% Couple without Children (up from 24.4%)**

20.3% Two Parent Family/Children (down from 24.4%)

11.3% Single Female (down from 11.7%)

6.8% Single Male (down from 8.9%)

2.3% Single Parent with Children (up from 1.4%)**

** In June, there were more purchases by empty nesters/retirees, couples without children and single parents, while other categories saw decreases.

Moving From:

58.8% from Within OMREB Board Area  (up from 55.5% in May)***

18.8 % from Alberta (down from 21.6%)

8.3% from Other Areas in BC  (up from 4.9%)***

7.5% from Lower Mainland/Vancouver Island  (same as May)

3.4% from Saskatchewan/Manitoba (down from 5.7%)

1.1% from Outside Canada  (down from 1.8%)

0.8% from Eastern Canada/Maritimes (down from 2.8%)

0.4% from NWT/Yukon (same as May)

*** Compared to May, there was more movement from within the Board area and other areas of BC, and less migration from elsewhere last month.

 

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