Okanagan Shuswap Real Estate BUYERS Report Feb. 2014

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Results of OMREB's FEBRUARY 2014 Buyers Survey are here. A total of 122 respondents participated in this survey – representing 46% of the 268 Member sales representatives who acted as Buyers Agents, and 35% of the 354 deals closed on behalf of Buyers in February.

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Okanagan Shuswap Real Estate BUYERS Report Feb. 2014

  1. 1. 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
  2. 2. 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
  3. 3. 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
  4. 4. 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
  5. 5. 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

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