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Who’s Buying Homes in Kelowna? February Results


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Blog by Marika Wolf | March 28th, 2016


Who’s Buying Homes in Kelowna? February Results


FEBRUARY Buyers Survey Results!

Property Type:

22.4% by First Time Buyers (down from 22.8% in January)
17.1% by Move-Up Buyers (down from 20.5%)
16.2% by Buyers Downsizing (up from 14.2%)
13.6% by Relocating and moving to similar property type (down from 14.2%)
13.6% buying Revenue/Investment Property (up from 11.8%)
7.5% moving from Single Family Home to Strata Unit (up from 4.7%)
3.9% buying Recreation Property (no change from 3.9%)
3.1% moving from Strata Property to Single Family Home (no change from 3.1%)
2.6% moving into Retirement Home/Seniors Community (down from 3.1%)

Buyer Type (Family Dynamic):

26.5% Two Parent Family/Children (down from 26.2% in January)
26.5% Couple without Children (up from 21.5%)
11.3% Single Female (down from 19.2%)
13.5% Single Male (down from 16.2%)
20.4% Empty Nester/Retired (up from 13.8%)
3% Single Parent with Children (down from 3.1%)

Moving From:

62.5% from Within OMREB Board Area (down from 63.1% in January)
14.7% from Lower Mainland/Vancouver Island (up from 12.3%)
7.3% from Alberta (up from 6.9%)
4.3% from Other Areas in BC (down from 6.9%)
4.3% from Saskatchewan/Manitoba (up from 2.3%)
3.9% from Outside Canada (down from 5.4%)
2.2% from Eastern Canada/Maritimes (down from 3.1%)
0.9% from NWT/Yukon (up from 0%)

Happy Selling!