First-Time Buyers: Vancouver Real Estate Facts.

The Vancouver Real Estate Board conducted a member survey about First-time buyers. The following are their results.

Question: Where do First Time Buyers come from?

Vancouver 14%
Other BC 14%
Other Canada 21%
Europe 12%
China/Japan/Korea 14%
Other Asia 10%
Other 15%
First-Time Buyers in the Board Area 31%
First-Time Buyers who bought a single family home 18%
First-Time Buyers who bought Townhomes 38%
First-Time Buyers who bought Condominium Apts 40%

What else can you tell me: Other Interesting Key Facts

First-Time Buyers who bought who did not know about the Property Purchase Tax 16%
First-Time Buyers who have lived in Vancouver for less than 10 years 57%
First-Time Buyers with a Household Income of less than $60,000 26%
First-Time Buyers with a Household Income between $60,000 and $89,000 28%
First-Time Buyers 18 to 34 years old 48%
First-Time Buyers 35 to 44 years old 37%
Top three purchase locations Vancouver 32%
Burnaby 25%
Tri-Cities 15%

Source: REBGV, 2006 HOME BUYERS AND SELLERS SURVEY, JULY 2007

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I’m always happy to answer your Vancouver Real Estate question? Call or send me an email Twitter or Skype me at YatterMatters.

Larry

*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed. **Numbers provided may vary as they are dynamically posted by the REBGV.

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

When Life Moves You - contact Larry:

*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

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