OMREB's March 2011 Buyers Survey Results.

The results of OMREB's March 2011 Buyers Survey are in!

A total of 90 respondents participated in this survey –  disappointingly there was only a 19% response rate for the 476 deals completed by OMREB members representing Buyers for March, or 27% of the 335 OMREB sales representatives who closed sales on behalf of Buyers last month.


March Survey Highlights

Why were they buying - 25.6% of purchases were by Move Up Buyers, 18.9% by First Time Buyers, 13.3% Moving from Single Family to Home Strata unit, 11.1% Buying Revenue/Investment Property, 5.6% Moving from Strata to Single Family Home, another 5.6% Recreation Property Buyers, and 2.2% Moving into Retirement Home/Seniors Community;

Types of buyers - 25.8% of Buyers were Couples without Children, another 25.8% were Empty Nesters or Retired, 22.5% were Two Parent Families with Children, 13.5% Single Males, 6.7% Single Females, and another 6.7% were Single Parent Families with Children.

Financing was 45.3% via Conventional Mortgage (with more than 20% down), 37.2% paid by Cash, 16.3% by High Ratio Mortgage (less than 20% down), and 2.3% required Rental Income to Qualify for Financing;

Where were buyers from - 57.8% were from Within OMREB Board Area, 13.3% from Alberta, 8.9% from Other Areas in BC, 6.7% from Lower Mainland/Vancouver Island, 4.4% from Saskatchewan/Manitoba, another 4.4% from Manitoba/Maritimes, and 4.4% from Outside Canada;

Where were the purchases made -47.8% of purchases were in Kelowna/West Kelowna, 14.4% in Vernon/Coldstream, 12.2% in Shuswap/Revelstoke (other than Salmon Arm), 10% in North Okanagan (other than Vernon/Coldstream), 7.8% in Central Okanagan (other than Kelowna/West Kelowna), and another 7.8% in Salmon Arm.

Kind Regards
 
Trish Cenci
 
Tel 250 864 1707
 
Coldwell Banker Horizon Realty 
 

House removals, home removals, office removals, piano removals you name it CCR Removal London will move it. We are available day and night and open for business 7 days per week, 365 days per year! house and home removals service in London and Essex. Piano and art moving specialists for London. Not only do we carry out house removals in London we also specialise in piano and art and antique moving in London and to any destination in England and Europe. With out fleet of removal vehicles we are on hand to take on the largest of house moves.