Serious Buyers Taking Advantage of Current Market

01/20


Results of OMREB’s new Board-wide monthly Buyers Survey indicate that serious buyers are taking advantage of the current market and leveraging their positive purchasing power while it lasts.

Buyer profiles gathered through each monthly survey include property type, family dynamic, financing, and areas moving from and to. During 2013, Move-up Buyers have accounted for 23% of the purchasers while First-Time Buyers comprised 19%.

Home Buyers have been coming from:

• Within the OMREB Board area (57.7%)
• Alberta (16.9%)
• Lower Mainland/Vancouver Island (9.3%)
• Other areas of BC (7.7%)
• Saskatchewan/Manitoba (3.4%)
• Eastern Canada/Maritimes (2.5%)
• Outside Canada (2.0%)
• North West Territories/Yukon* (0.4%)

During 2012, Move-up Buyers have accounted for 26% of the purchasers while First-Time Buyers comprised 20%.

Home Buyers were coming from:

• Within the OMREB Board area (58.9%)
• Alberta (15.5%)
• Lower Mainland/Vancouver Island (10.3%)
• Other areas of BC (8.0%)
• Eastern Canada/Maritimes (2.5%)
• Saskatchewan/Manitoba (2.3 %)
• Outside Canada (1.8%)
• North West Territories/Yukon* (0.6%)

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