Ever Wonder Where Home Buyers Come From?
Since September 2010, the Okanagan Mainline Real Estate Board (OMREB) has been collecting information from it’s members with regards to where Home Buyers are coming from – both geographically and demographically. The purpose of collecting this data is to add another element to our market knowledge and a better understanding of current trends.
Results of the Buyers Survey indicate that serious buyers are taking advantage of the current market and leveraging their positive purchasing power while it lasts.
Since the Survey was launched just over 5 years ago, on average Move-up Buyers have accounted for 24% of the purchasers while First-time Buyers comprised 20.8%.
Home Buyers have been coming from:
57.7% within the OMREB Board area
10.5% Lower Mainland/Vancouver Island
8.0% other areas of BC
2.8% Eastern Canada/Maritimes
2.0% Outside Canada
If you are looking to Buy or Sell, or just want to know what your neighborhood is doing – give us a call and let’s have a coffee!
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