Data provided by OMREB

IN FOCUS

WHO’S BUYING WHAT’S SELLING

2014 Buyers Survey Overviews

Where Buyers Were From – 2014 Outside Canada

Sask./Manitoba

Board Area 56.2%

Alberta 18.2%

L. Mainland/Vancouver Island 8.5%

B.C. 9.2%

3.2%

NWT/Yukon 0.3%

East/Maritimes

1.8% 2.6%

(January thru December)

Buyer-Property Types – 2014

First-Time Buyer 19.0%

Move-Up Buyer 27.0%

Single Family to Strata 13.0%

Revenue Investor 9.0%

8.5%

To Retirement Community

4.6%

Strata to Single Family

4.0% Recreation Property

(January thru December)

Family Dynamic – 2014

Empty Nesters/ Retired 21.6%

Single Female 12.7%

Single Male 11.5%

Single Parent With Children

3.8%

Couple without Children 25.4%

Two Parents/Children 24.7%

(January thru December)

How Financed Purchase – 2014

Conventional Mortgage (>20% down)

51.0% All Cash 27.0%

High Ratio (<20% down)

21.0%

Rental Income to Qualify 0.6%

(January thru December)

Where Buyers Purchased –2014

Vernon/ Coldstream

17.0%

North Okanagan 7.7% (outside Vernon/Coldstream)

Shuswap/Revelstoke 7.6% (outside Salmon Arm)

7.6%

Central Okanagan (outside Kelowna/West Kelowna)

Salmon Arm

6.0%

Kelowna/West Kelowna 54.0%

(January thru December)