Thursday, October 28, 2010

Ever wonder where the buyers in the Okanagan come from?

The results of OMREB's (Okanagan Mainline Real Estate Board) September 2010 Buyers Survey are in!  A total of 96 respondents participated for this inaugural survey (23% response rate for the 399 sales completed for September).

September Survey Highlights: 29.5% of purchases were by First Time Buyers; 27.2% of Buyers were a Couple Without Children; 57.8% financed via Conventional Mortgage; 59.8% were from Within OMREB Board Area; 47.8% of purchases were in the Kelowna/West Kelowna area; 20.7% in Vernon/Coldstream; 5.4% in Salmon Arm.

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