Hi All,
The results of OMREB's August 2011 Buyers Survey are in !
A total of 146 respondents participated in this survey – representing 43% of the 339 OMREB sales representatives who acted as Buyers Agents and 32.5% of the 448 deals closed on behalf of Buyers in August.
AUGUST SURVEY SUMMARY
Property Type:
22.9% by First Time Buyers
17.4% of purchases were by Move-Up Buyers
11.1% buying Revenue/Investment Property
10.4% moving from Single Family Home to Strata Unit
7.6% Recreation Property Buyers
5.6% moving into Retirement Home/Seniors Community
3.5% moving from Strata property to Single Family Home
Moving From:
50% from Within OMREB Board Area
18.8% from Alberta
10.4% from Lower Mainland/Vancouver Island
10.4% from Other Areas in BC
6.3% from Eastern Canada/Maritimes
2.8% from Outside Canada
1.4% from Saskatchewan/Manitoba
22.9% by First Time Buyers
17.4% of purchases were by Move-Up Buyers
11.1% buying Revenue/Investment Property
10.4% moving from Single Family Home to Strata Unit
7.6% Recreation Property Buyers
5.6% moving into Retirement Home/Seniors Community
3.5% moving from Strata property to Single Family Home
Moving From:
50% from Within OMREB Board Area
18.8% from Alberta
10.4% from Lower Mainland/Vancouver Island
10.4% from Other Areas in BC
6.3% from Eastern Canada/Maritimes
2.8% from Outside Canada
1.4% from Saskatchewan/Manitoba
As you can see First Time Buyers and Move Up Buyers continued to hold up the market. With Buyers continuing to come from within our local area.
Kind Regards
Trish Cenci
Tel 250 864 1707
