What kind of homes are they buying?
|
|
|
|
| #1 |
First time buyers |
|
|
|
33% |
| #2 |
Moving from one property to a similar property |
26% |
| #3 |
Moving from a condo/townhome to a house |
10% |
| #4 tie |
Local/domestic investor |
|
|
8% |
| #4 tie |
Moving from a house to a townhouse |
|
8% |
| #6 |
Moving from a house to a condo |
|
6% |
| #7 |
Moving from a condo to a townhouse |
|
4% |
| #8 |
Moving from a house/townhouse to a condo |
3% |
| #9 |
Foreign investor |
|
|
|
2% |
| #10 |
Moving into a retirement home |
|
1% |
|
|
|
|
|
|
|
How did they finance the home?
|
|
|
|
| #1 |
Conventional mortgage (25% or more down) |
60% |
| #2 |
All cash |
|
|
|
|
24% |
| #3 |
High ratio mortgage (less than 25% down payment) |
16% |
|
|
|
|
|
|
|
Who are they?
|
|
|
|
|
|
| #1 |
Family with children |
|
|
36% |
| #2 |
Young couple with no children |
|
|
18% |
| #3 |
Single female |
|
|
|
11% |
| #4 |
Empty nesters |
|
|
|
10% |
| #5 tie |
Single male |
|
|
|
9% |
| #5 tie |
Retired |
|
|
|
|
9% |
|
|
|
|
|
|
|
Where did they move from?
|
|
|
|
|
| #1 |
Already lived in the same community |
|
51% |
| #2 |
Moved within the Greater Vancouver area |
34% |
| #3 |
Moved from outside BC (still within Canada) |
6% |
| #4 tie |
Moved from Fraser Valley area |
|
3% |
| #4 tie |
Moved from outside Canada |
|
|
3% |
| #6 |
Moved from an area of BC outside Lower Mainland |
2% |
