Property Type:
25.5% of purchases were by Move-Up Buyers
20.9% by First Time Buyers
12.3% moving from Single Family Home to Strata Unit
11.4% purchasing Recreation Property (up from 4.8% in April)*
7.7% buying Revenue/Investment Property
4.1% moving from Strata property to Single Family Home
2.7% moving into Retirement Home/Seniors Community
*Recreation property sales improved significantly over April with 11.4% of purchases in compared to 4.8%.
Buyer Type (Family Dynamic):
28.7% Two parent family/children
24.2% Empty Nesters/Retired (up from 16.8% in April)**
23.7% Couple without children
11.2% Single Female
9.4% Single Male
3.1% Single Parent with children
**Interesting to note the relative “balance” this month between two-parent families, couples without children, and empty nesters/retirees -- due to a rise in purchases by the latter group.
Moving From:
59.5% from Within OMREB Board Area
16.2% from Alberta
10.8% from Other Areas in BC (up from 6.8% in April)***
7.7% from Lower Mainland/Vancouver Island
2.7% from Eastern Canada/Maritimes
1.4% from Outside Canada
0.9% from Saskatchewan/Manitoba
0.4% from NWT/Yukon (9th month reported)
Information provided by www.omreb.com
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