Category: Market Update

Where do the Buyers come from?

Jan 2022 Association of Interior REALTORS: I think this is the first month where Investors are the largest group of Buyers in the Interior.  84% of the buyers come from BC, 8% from Alberta, 7% from the rest of Canada, and 1% are foreign investors.

OMREB October 2020 Summary

Jan 2022:  What a start to the year!  Sales are down but only because inventory is drastically down.  Prices continue to rise... and RE/MAX Canada is predicting that Canadian prices are going to increase 9.3% in 2022.

Where do the Buyers come from?

Oct 2021 Association of Interior REALTORS:  A lot of people believe that foreign buyers are what's driving our market but this data shows that as usual, the majority of buyers come from within our own real estate board area, followed by the lower mainland and BC in general - 84% .  Albertans are 8% of [...]

Where do the Buyers come from?

Association of Interior REALTORS:  A lot of people believe that foreign buyers are what's driving our market but this data shows that as usual, the majority of buyers come from within our own real estate board area, followed by the lower mainland and BC in general.  Albertans have increased to 10% of our buyers, followed [...]

OMREB October 2020 Summary

OMREB October 2020 Summary:  Who would have know that Sales, Price & Benchmark Price's would be up so dramatically with dramatically lower inventory levels?  It's been a whacky year that's kept us on our toes!  Condo's are bucking the trend with higher inventory levels, increased sales and prices.

Buyers origin

OMREB Jan-June 2020:  I'm often asked where the Buyers come from and our Real Estate Board does an excellent job of collecting and providing this information to us every quarter.  If you're interested, click on the info-graphic and you'll see that about 84% of our buyers come from B.C. & 8% from Alberta (which is [...]