The results of OMREB’s JUNE 2016 Buyer Survey are now in and posted! JUNE SURVEY SUMMARY Property Type: 20% by Relocating and moving to similar property type (down from 22.1% in May) 19% by Move-Up Buyers (up from 16.6%) 18% by Buyers Downsizing (up from 14%) 13% buying Revenue/Investment Property (down from 13.2%) 11% by First Time Buyers (down from 15.5%) 7% moving from Single Family Home to Strata Unit (down from 8.5%) 3% buying Recreation Property (down from 3.8%) 3% moving from Strata Property to Single Family Home (down from 3.2%) 2% moving into Retirement Home/Seniors Community (down from 2.1%) Buyer Type (Family Dynamic): 25.1% Two Parent Family/Children (down from 28.9% in May) 20.7% Empty Nester/Retired (down from 21.2%) 24.7% Couple without Children (down from 19.1%) 11.2% Single Male (down from 13.4%) 13.5% Single Female (up from 12.1%) 4.7% Single Parent with Children (down from 4.9%) Moving From: 55.7% from Within OMREB Board Area (down from 57.9% in May) 18.2% from Lower Mainland/Vancouver Island (up from 16.6%) 11.2% from Alberta (down from 11.9%) 8.0% from Other Areas in BC (up from 6.1%) 3.1% from Eastern Canada/Maritimes (no change) 2.6% from Saskatchewan/Manitoba (down from 2.9%) 1.2% from Outside Canada (down from 1.5%) 0% from NWT/Yukon (no change from 0%)

1. Okanagan Shuswap Real Estate
Who’s Buying?
What’s Selling? WHERE?
July 2016

2. What Kind of Buyer?
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3. Who Bought?
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4. How Did They Pay?
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5. Where Were Buyers From?
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6. Where Did They Buy?
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7. 2016: Second Quarter Year-to-Date (January to June)
Move-up Buyers have accounted for 18.52% of the purchasers
while First-Time Buyers comprised 18.15%.
Home Buyers have been coming from:
• Within the OMREB Board area (60.25%)
• Alberta (9.72%)
• Lower Mainland/Vancouver Island (15.27%)
• Other Areas of BC (6.33%)
• Eastern Canada/Maritimes (3.07%)
• Saskatchewan/Manitoba (3%)
• Outside Canada (2.2%)
• North West Territories/Yukon* (0.15%)
www.OkanaganShuswapRealEstate.com

8. From within OMREB
Board area , 60.3%
From Alberta , 9.7%
From Lower
Mainland/Van Island,
15.3%
From Other Areas in BC
, 6.3%
From Sask./Man. , 3.7%
From Eastern
Canada/Maritimes ,
3.1%
From NWT/Yukon, 0.2%
From Outside Canada ,
2.2%
Where Buyers Were From 2016 – Q2
(January thru June)
www.OkanaganShuswapRealEstate.com

9. First-Time Buyer, 18.2%
Move-Up Buyer, 18.5%
Single Family to Strata,
7.3%
Revenue Investor,
13.4%
Recreation
Property, 4.2%
Strata to Single
Family, 3.3%
Retirement
Community, 2.6%
Downsizing, 15.8%
Similar Property - New
2016, 17.1%
Buyer-Property Types 2016 – Q2
(January thru June)
www.OkanaganShuswapRealEstate.com

10. Two Parent
Family/Children,
25.7%
Couple without
Children, 24.5%
Empty
Nesters/Retired,
19.9%
Single Female, 13.3%
Single Male, 12.7%
Single Parent with
Children, 4.0%
Family Dynamic 2016 – Q2
(January thru June)
www.OkanaganShuswapRealEstate.com

11. Conventional Mortgage
(>20% down), 53.5%
All Cash, 26.6%
High Ratio (<20%
down), 19.8%
Rental Income to
Qualify, 1.0%
How Financed Purchase 2016 – Q2
(January thru June)
www.OkanaganShuswapRealEstate.com

12. Kelowna/West
Kelowna, 58.6%Vernon/Coldstream,
16.7%
North
Okanagan
(outside
V/CS),
7.5%
Shuswap/Revelstoke
(outside SA), 4.6%
Central Okanagan
(outside K/WK), 7.7%
Salmon Arm, 5.0%
Where Buyers Purchased 2016 – Q2
(January thru June)
www.OkanaganShuswapRealEstate.com

13. 2015 Overview
2015: Year Overall (January through December),
Move-up Buyers accounted for 23.92% of the purchasers
while First-Time Buyers comprised 18.48%.
Home Buyers have came from:
• Within the OMREB Board area (57.85%)
• Alberta (14.73%)
• Lower Mainland/Vancouver Island (10.33%)
• Other Areas of BC (7.69%)
• Eastern Canada/Maritimes (3.96%)
• Saskatchewan/Manitoba (2.98%)
• Outside Canada (2.11%)
• North West Territories/Yukon* (0.29%)
www.OkanaganShuswapRealEstate.com

14. Check out What Sold
• http://www.okanaganshuswaprealestate.com/
okanagan-shuswap-real-estate-market-reports.php