OMREB April 2014 Buyer Survey Results

APRIL SURVEY SUMMARY

Property Type:
28.7% of purchases were by Move-Up Buyers (up from 24.7% in March) *
21.1% by First Time Buyers (down from 22.3%)
10.6% moving from Single Family Home to Strata Unit (down from 11.6%)
9.9% buying Recreation Property (up from 7.4%) *
9.6% buying Revenue/Investment Property (up from 7.0%) *
6.3% moving into Retirement Home/Seniors Community (up from 4.2%) *
3.6% moving from Strata property to Single Family Home (up from 2.8%) *

* During the month of April, there was an increase in purchases by move-up buyers, and those moving into retirement/seniors communities and from strata properties to single family homes, as well as recreation and revenue properties, compared to the previous month.

Buyer Type (Family Dynamic):
27.8% Two Parent Family/Children (up from 20.0% in March) **
24.0% Couple without Children (down from 28.6%)
19.2% Empty Nester/Retired (down from 21.4%)
12.0% Single Male (down from 13.6%)
11.4% Single Female (up from 10.9%) **
3.5% Single Parent with Children (down from 4.1%)

** There were more purchases by two parent families with children and single females during April than in March.

Moving From:
51.1% from Within OMREB Board Area (up from 50.5% in March) ***
20.2% from Alberta (up from 17.1%) ***
10.1% from Other Areas in BC (down from 13.6%)
9.8% from Lower Mainland/Vancouver Island (down from 11.4%)
4.1% from Saskatchewan/Manitoba (up from 2.7%) ***
3.1% from Eastern Canada/Maritimes (up from 2.3%) ***
1.6% from Outside Canada (down from 3.2%)
0% from NWT/Yukon (same as March)

*** Compared to March, more buyers moved from within the Board area, Alberta, other areas of BC, the Lower Mainland/Vancouver Island, Saskatchewan/Manitoba, and Eastern Canada/Maritimes in April.

Leave a Reply