Buyer Profile January 1, 2014 – December 31, 2014 A report containing results of a survey completed by Buyers of residential property and corresponding Multiple Listing Service® (MLS®) information summarizing ‘home characteristics’ on Vancouver Island, north of Victoria.
255
Embed
2014 Buyer Profile - Vancouver Island Real Estate Board · partnering with VIREB to deliver the 2014 Buyer Profile. Real Estate Foundation The Real Estate Foundation is a philanthropic
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Buyer Profile January 1, 2014 – December 31, 2014
A report containing results of a survey completed by Buyers of residential property and corresponding Multiple Listing Service® (MLS®) information summarizing ‘home characteristics’ on
Vancouver Island, north of Victoria.
2014 VIREB Buyer Profile 1 Source: Vancouver Island Real Estate Board Introduction
Notice to Readers
The information and data provided in this report have been obtained or prepared from sources that are
believed to be reliable and accurate, but have not necessarily been independently verified. The Authors
make no representations or warranties as to the accuracy or completeness of such information and data
nor the conclusions that have been derived from their use. Therefore, any use of the information by the
reader or other recipient shall be at the sole risk and responsibility of such reader or recipient.
The information provided in this report and the facts upon which the information is based as well as the
information itself may change at any time without notice subject to market conditions and the
assumptions made thereto.
The Authors expressly disclaim and take no responsibility, and shall not be liable:
for any financial or economic decisions taken by any person based in any way from the
information presented in this report;
for any interpretation or misunderstanding of any such information on the part of any person;
for any losses, costs or other damages whatsoever and howsoever caused in connection with
any use of such information, including, all losses, costs, or other damages such as consequential
or indirect losses, loss of revenue, loss of expected profit or loss of income, whether or not as a
result of any negligent act or omission of the Authors.
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 2 Source: Vancouver Island Real Estate Board Introduction
Recognition
We would like to thank the Real Estate Foundation of British Columbia for their generous support in
partnering with VIREB to deliver the 2014 Buyer Profile.
Real Estate Foundation
The Real Estate Foundation is a philanthropic organization based in British Columbia, Canada. Their
mission is to transform land-use attitudes and practices through innovation, stewardship, and learning.
Through grants, the Foundation provides funding to non-profit organizations working to enable positive
change in BC communities. By supporting innovative and progressive solutions, the Foundation’s work
contributes to resilient, healthy communities and natural environments. Since launching the grants
program in 1988, we have approved more than $69 million for real estate and land-use initiatives across
the province.
In addition, the Foundation plays a key role in connecting with communities and organizations to open
opportunities and share valuable information on land-use issues in BC. By supporting collaborative
projects that can be scaled and replicated in other communities, the Foundation helps non-profit
organizations further their progress in building more sustainable communities.
How It Works
Under the Real Estate Services Act, the Foundation receives interest from pooled real estate deposits
held in trust by real estate brokerages. The Foundation gives those funds back to the BC community to
support real estate related education, research, law reform, and other land-related activities intended
for the public or professional good.
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 3 Source: Vancouver Island Real Estate Board Introduction
Objectives and Methodology .................................................................................................................................. 10
The same analyses (for questionnaire survey and MLS® data) were conducted for the Board Area and all
sub-areas, except for the North Island sub-area (see explanation below). For the Board Area and most
sub-areas, the response rates for the questionnaire data were sufficiently high enough to provide a
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 12 Source: Vancouver Island Real Estate Board Introduction
strong representation of general population trends. However, the Port Alberni/West Coast and Islands
sub-areas both had noticeably smaller percentage responses from the questionnaires (12% and 16%,
respectively) while the North Island only had an 8% response rate to the questionnaire (see figure over).
Full analyses were conducted for all Areas from the questionnaire data except for the North
Island sub-area; since there were only 10 surveys returned (a response rate of 8%) for that sub-area.
Hence, only MLS® data were analyzed for this sub-area.
Response Rates for 2014
Please note that decimal points of per cent frequencies were kept to a minimum and increased only
when necessary to show very small differences. Hence, in some cases the total percentages may not add
up to exactly 100%, due to slight rounding differences in the numbers that appear in tables.
Descriptive statistics consist of frequency histograms and pie charts to illustrate differences in
categories.
The total number of responses from the mail survey varied for different categories (e.g. Buyer Origin,
Major Reason for Purchase, etc.), as not all questions were answered by every Buyer when the form was
mailed back.
Brief descriptive comments were included for each type of analysis.
In addition, following the analyses for the Board Area and for each sub-area, a table summarizing the
‘typical’ Buyer was presented (i.e., consisting of the highest frequency of each category analysed).
In the 2014 survey there were very few minor changes in categories within some continuum questions
only to produce a more accurate response and small changes to some responses options that have been
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 13 Source: Vancouver Island Real Estate Board Introduction
updated from results of previous surveys. There were additional questions added to the front 2014
survey to segment the respondents into community migration groups and identify the years spent in the
community. These results provide insight into the migration patterns of the residential home buyer in
the Vancouver Island area. Otherwise there were no changes in the Questionnaire survey mailed out
from 2011 to 2014.
MLS® records of ‘home characteristics’ consisted of descriptions of up to 68 different categories of
‘Exterior Types.’ Many of the descriptions were combinations of two ‘Exterior Types’, but their
frequencies were often much less than one per cent. Hence, for ease of interpretation, the frequency
tables and histograms only include the top 15 categories for the various areas.
Finally, a three-year comparative section was added to this year’s Buyer Profile as a ‘snapshot’ of current
trends for the entire Board Area and for each sub-area.
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 14 Source: Vancouver Island Real Estate Board Introduction
Questionnaire Survey
Buyers of Residential Property
Questionnaire Instructions: Please complete each of the following questions by checking the best answer and
completing the blanks where appropriate. Answers are confidential and for statistical purposes only.
BOARD AREA
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 16 Source: Vancouver Island Real Estate Board Board Area
Board Area – Information from Questionnaire Survey
Community Movement
The most common migration pattern of 2014 residential property buyers was to move to a new
community with 863 responses (59%), followed by ‘Moving to a new residence in the same
community’ 492 responses (34%), and finally 110 responses (8%) indicated they were ‘Moving back to
the community’.
Community Movement
Community Movement
Community Movement Count % Rank
New to the community 863 59% 1
Moving to a new residence in the same community 492 34% 2
Moving back to the community 110 8% 3
Board Area 1,465 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 17 Source: Vancouver Island Real Estate Board Board Area
Length of time lived in same community
For those respondents moving within the same community, the highest frequency response (36%) to the question of how long they had lived there was for the category of ‘More than 20 years’. The figures ranged from 25% in the Islands sub-area to 62% in Port Alberni / West Coast sub-area. The second highest frequency was 20%, for the ‘6 to 10 years’ category.
Years in the Community
Years in the Community
You have indicated that you are
moving to a new residence in the
same community. Please indicate
how many years you have lived in
this community.
Count % Rank
1 to 2 46 9% 5
3 to 5 75 15% 3
6 to 10 97 20% 2
11 to 15 52 11% 4
16 to 20 43 9% 6
More than 20 years 179 36% 1
Board Area 492 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 18 Source: Vancouver Island Real Estate Board Board Area
Moving Back to a Community after Time Away
For those Buyers moving back to a community after having lived elsewhere for some time, the
category of ‘6 to 10 years’ showed the highest frequency at 24% for the Board Area, with figures
ranging from 18% in the Campbell River sub-area to 32% in Port Alberni / West Coast sub-area. The
second highest frequency was 19%, for the ‘3 to 5 years’ category.
Years in the Community
Years in the Community
You have indicated that
you are moving back to this
community. Please indicate
how many years you have
been away from this
community.
Count % Rank
1 to 2 17 15% 4
3 to 5 21 19% 2
6 to 10 26 24% 1
11 to 15 14 13% 5
16 to 20 12 11% 6
More than 20 years 20 18% 3
Board Area 110 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 19 Source: Vancouver Island Real Estate Board Board Area
Buyer Origin
For Buyers of residential property, the primary Buyer origin for the Board Area (determined from
1,465 responses) was ‘Within the same area’ (36%), ‘Alberta’ (14.4%), followed by ‘Elsewhere on
Vancouver Island’ (14%). When aggregated, Buyers originating from within B.C. totalled 73.8% of the
respondents, and those coming from Vancouver Island is 54.8%.
Buyer Origin
Buyer Origin
Moved from? Count % Rank
Within same area 523 36% 1
Alberta 211 14.4% 2
Elsewhere on Vancouver Island 205 14.0% 3
Other B.C. 112 8% 4
Vancouver 97 7% 5
Ontario 80 5.5% 6
Greater Victoria 71 4.8% 7
Sask./Manitoba 62 4% 8
Fraser Valley 44 3% 9
Rest of World 28 2% 10
Other Canada 18 1.2% 11
Gulf Islands 14 1.0% 12
All Others 1,465 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 20 Source: Vancouver Island Real Estate Board Board Area
Major Reason for Purchase
The major reason for residential property purchase in the Board Area was for ‘Principal Residence’
with a proportion of 94% of the respondents to the survey.
Major Reason for Purchase
Major Reason for Purchase
Reason for Purchase Count % Rank
Principal Residence 1,377 94% 1
Recreation/Vacation 27 1.84% 2
Investment/Rental 26 1.77% 3
Student Housing 12 1% 5
Other 23 1.57% 4
Board Area 1,465 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 21 Source: Vancouver Island Real Estate Board Board Area
First-Time Purchase of Principal Residence (Yes or No)
‘First-time Buyers’ accounted for 15% of purchases made in the Board Area. The lowest frequency of
‘First-time Buyers’ occurred in the Parksville/Qualicum sub-area (6%), while the highest frequency
occurred in the Campbell River sub-area (24%).
First-Time Purchase of Principal Residence
First-Time Purchase of Principal Residence
First Home? Count % Rank
Yes 206 15% 2
No 1,206 85% 1
Board Area 1,412 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 22 Source: Vancouver Island Real Estate Board Board Area
Used RRSP for down payment (Yes or No)
The frequency of ‘First-time Buyers’ using RRSPs for a down payment in the Board Area was 42%
(ranging from 34% in the Cowichan Valley sub-area to 50% in the Parksville / Qualicum and Islands
sub-areas). All zones were similar, ranging from 40% - 50% signifying the roughly half of the ‘First-
time Buyers’ within the VIREB Board Area use their RRSPs for the down payment.
Used RRSP for Down Payment
Used RRSP for Down Payment
Used RRSP for down payment Count % Rank
Yes 86 42% 2
No 119 58% 1
Board Area 205 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 23 Source: Vancouver Island Real Estate Board Board Area
Purchased as Retirement Home (Yes or No)
The proportion of those ‘Non-First-time Buyers’ buying their home for retirement purposes was 60%.
This proportion varied significantly by zone (ranging from 44% in the Campbell River sub-area to 85%
in the Islands sub-area).
Purchased as a Retirement Home
Purchased as a Retirement Home
Retirement Home Count % Rank
Yes 695 60% 1
No 472 40% 2
Board Area 1,167 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 24 Source: Vancouver Island Real Estate Board Board Area
How Buyers First Became Aware of Property
The top three ways that Buyers became aware of the property were ‘My REALTOR® supplied PCS’
(35%), ‘Internet - REALTOR.ca site (27%), ‘For sale sign’ (11%). Among the sub-areas, the frequency
for the ‘Real Estate Kiosk in the Mall’ category ranged from 10% in the North Island sub-area to 40%
in the Nanaimo sub-area. As a matter of interest, the Internet choices totalled 34% when added
together.
How Buyers First Became Aware of Property
How Buyers First Became Aware of Property
How Buyers First Became Aware of Property Count % Rank
My REALTOR® supplied PCS 510 35% 1
Internet– REALTOR.ca site 391 27% 2
For Sale sign 154 11% 3
Contacted a Real Estate office 121 8% 4
Internet – other than REALTOR.ca site 109 7% 5
Word of Mouth 61 4% 6
Open House 33 2.3% 8
Real Estate Tabloid 24 1.6% 9
Newspaper advertisement: Classified Ad 14 1% 10
Real Estate Kiosk in the Mall 1 0.1% 11
Other 47 3% 7
Board Area 1,465 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 25 Source: Vancouver Island Real Estate Board Board Area
How Buyers First Became Aware of Property
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 26 Source: Vancouver Island Real Estate Board Board Area
How Buyers First Chose a REALTOR®
The top three ways that Buyers chose their REALTOR® were ‘Previously dealt with this REALTOR®’
(16%), followed by ‘REALTOR® was recommended by co-worker, associate or friend’ (15%), and
‘REALTOR® was recommended by my family or a relative’ (12%). The ‘Previously dealt with this
REALTOR®’ category ranged from 15% in the Cowichan Valley and the Parksville / Qualicum sub-areas
to 25% in Port Alberni / West Coast sub-area. This highlights that REALTORS® depend primarily on
relationship-based referrals to service their business as 38% came as a result of a recommendation
whereas only 16% came from an online or print advertisement.
How Buyers First Chose a REALTOR®
How Buyers First Chose a REALTOR®
Source of REALTOR® Count % Rank
Previously dealt with this REALTOR® 237 16% 1
REALTOR® was recommended by co-worker, associate or friend 223 15% 2
REALTOR® was recommended by my family or a relative 183 12% 3
REALTOR® is a friend or co-worker 148 10.1% 4
REALTOR® was recommended/referred by another REALTOR® 142 9.7% 5
Internet-REALTOR® was the agent on listed property 106 7.2% 6
Called the REALTOR® shown on a For Sale sign on property 103 7.0% 7
Attended at a Real Estate office 65 4% 9
Attended an Open House 56 3.8% 10
REALTOR® is a family member 39 3% 11
Called the REALTOR® shown on a newspaper or tabloid ad 26 2% 12
REALTOR® is a client or customer of your business 12 0.8% 13
Recommended by Bank or Mortgage company 11 0.8% 14
REALTOR® spoke my language 8 0.5% 15
Real Estate Kiosk in the Mall 4 0.3% 16
Armed Forces Relocation service 3 0.2% 17
Other 99 7% 8
Board Area 1,465 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 27 Source: Vancouver Island Real Estate Board Board Area
How Buyers First Chose a REALTOR®
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 28 Source: Vancouver Island Real Estate Board Board Area
Form of Agency Provided by REALTOR®
The most common form of Agency used by Buyers was ‘Single Agency’ - representing only the Buyer
(72%). While ‘Dual Agency’ - representing both Buyer and Seller represented 20%, with ‘Don’t Know’
at 8%. ‘Single Agency’ was the most common in all the Board Areas; however, the range varied
(ranging from 41% to 76%).
Form of Agency Provided by REALTOR®
Form of Agency Provided by REALTOR®
Agency Form Count % Rank
Single Agency – representing only buyer 1,058 72% 1
Dual Agency – representing both buyer and seller 293 20% 2
Don't know 114 8% 3
Board Area 1,465 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 29 Source: Vancouver Island Real Estate Board Board Area
Board Area – Home characteristics from MLS ® data
Selling Price Range
For ease of interpretation, home selling prices were categorized into $50,000 increments up to $1
million. Above $1 million, prices were combined, and totalled 54 sales in 2014.
The top three categories for the Board Area were $300,001- $350,000 (15%), $250,001-$300,000
(14.4%), and $200,001-$250,000 (13.9%) totalling 43.3% of all sales.
The top selling price categories were, in increasing order: 150,001-$200,000 for the North Island sub-
area; $200,001-$250,000 for the Port Alberni/West Coast, Campbell River and Island sub-areas;
$250,001-$300,000 for the Campbell River, the Comox Valley, the Cowichan Valley and the Parksville
/ Qualicum sub-areas; and 300,001-$350,000 for the Nanaimo sub-area
Selling Price Range
Selling Price Range Count % Rank
$0 to $50,000 146 2.14% 11
$50,001 to $100,000 274 4% 9
$100,001 to $150,000 386 6% 7
$150,001 to $200,000 561 8% 5
$200,001 to $250,000 947 13.89% 3
$250,001 to $300,000 980 14.37% 2
$300,001 to $350,000 1018 15% 1
$350,001 to $400,000 862 13% 4
$400,001 to $450,000 537 8% 6
$450,001 to $500,000 356 5% 8
$500,001 to $550,000 212 3% 10
$550,001 to $600,000 143 2.10% 12
$600,001 to $650,000 117 1.72% 13
$650,001 to $700,000 68 1.00% 14
$700,001 to $750,000 58 0.85% 15
$750,001 to $800,000 38 0.56% 17
$800,001 to $850,000 26 0.38% 18
$850,001 to $900,000 18 0.26% 19
$900,001 to $950,000 9 0.13% 21
$950,001 to $1,000,000 10 0.15% 20
Over $1,000,000 54 0.79% 16
Board Area 6,820 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 30 Source: Vancouver Island Real Estate Board Board Area
Selling Price Range
Selling Price Range
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 31 Source: Vancouver Island Real Estate Board Board Area
Home Type
The top three home types were ‘Single-Family’ (61%), ‘Condominium (Apt)’ (8%), and ‘Condominium
(Twnhse)’ (6.1%). The ‘Single-Family’ home type category ranged from 54% in the Cowichan Valley
sub-area to 76% in the Port Alberni/West Coast sub-area.
Home Type
Home Type
Type of Home Count % Rank
Single Family 4,156 61% 1
Condominium (Apt) 534 8% 2
Condominium (Twnhse) 415 6.09% 3
Acreage With House 398 5.84% 4
Manufactured/Mobile On Pad 349 5% 5
Patio Home 303 4% 6
Single Family (Waterfront) 229 3.36% 8
Single Family (Strata) 233 3.42% 7
Duplex (Strata) 138 2% 9
Duplex 34 0.50% 10
Farm/Ranch 12 0.18% 11
Single Family (Modular/Prefab) 9 0.13% 13
Triplex/Fourplex 10 0.15% 12
Board Area 6,820 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 32 Source: Vancouver Island Real Estate Board Board Area
Number of Bedrooms
The top three frequencies for number of bedrooms was ‘Three’ (44%), ‘Two’ (26%), and ‘Four’ (18%).
All sub-areas exhibited three bedrooms as the highest frequency, ranging from 35% in the Nanaimo
sub-area to 54% in the Campbell River sub-area; except the Islands sub-area, with 36% for two
bedrooms.
Number of Bedrooms
Number of Bedrooms Median and Average
Number of Bedrooms Count % Rank
1 212 3% 5
2 1,778 26% 2
3 2,963 44% 1
4 1,199 18% 3
5 519 8% 4
6 98 1% 6
7 18 0.27% 7
8 2 0.03% 8
9 1 0.01% 9
10 1 0.01% 9
11 0 0.00% 12
12 1 0.01% 9
13 0 0.00% 12
Board Area 6,792 100% Bedrooms
Board AreaCampbell
River
Comox
Valley
Cowichan
ValleyNanaimo
Parksville /
Qualicum
Port Alberni /
West Coast
North
IslandIslands
Min 1 1 1 1 1 1 1 1 1
Max 12 6 6 10 12 7 8 6 6
Average 3 3 3 3 3 3 3 3 3
Median 3 3 3 3 3 3 3 3 2
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 33 Source: Vancouver Island Real Estate Board Board Area
Number of Bedrooms
Number of Bedrooms
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 34 Source: Vancouver Island Real Estate Board Board Area
Number of Bathrooms
The most common number of bathrooms in the Board Area was ‘Two’ (46%), followed by ‘Three’
(30%) and ‘One’ (17%). Two bathrooms were the most common in all sub-areas, ranging from 40% in
the Nanaimo sub-area to 57% in the Parksville/Qualicum sub-area.
Number of Bathrooms
Median and Average Number of Bathrooms
Number of Bathrooms Count % Rank
1 1,160 17% 3
2 3,136 46% 1
3 2,065 30% 2
4 343 5% 4
5 53 1% 5
6 13 0.19% 6
7 1 0.01% 7
8 0 0% 8
9 0 0% 8
10 0 0% 8
11 0 0% 8
12 0 0% 8
13 0 0% 8
Board Area 6,771 100%
Board AreaCampbell
River
Comox
Valley
Cowichan
ValleyNanaimo
Parksville /
Qualicum
Port Alberni /
West CoastNorth Island Islands
Min 1 1 1 1 1 1 1 1 1
Max 7 7 6 6 6 6 6 5 5
Average 2 2 2 2 2 2 2 2 2
Median 2 2 2 2 2 2 2 2 2
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 35 Source: Vancouver Island Real Estate Board Board Area
Number of Bathrooms
Number of Bathrooms
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 36 Source: Vancouver Island Real Estate Board Board Area
Exterior
The top three house exterior types were ‘Vinyl’ (33%), ‘Wood’ (21%), followed by ‘Hardi Plank’ (16%).
‘Vinyl’ was the most common in four sub-areas (Campbell River, Comox Valley, Cowichan Valley and
Nanaimo) ranging from 27% to 47%; while ‘Wood’ was the most common in the other four sub-areas
(Parksville/Qualicum, Port Alberni/West Coast, North Island and Islands); ranging from 31% to 77%.
PLEASE NOTE that only the top 15 descriptions and their frequencies are presented in the table and
figure below. The total number is based on 68 descriptions, with 286 data points or 4.2% excluded
for simplicity.
Exteriors
Exterior Count % Rank
Vinyl 2,181 33% 1
Wood 1,382 21% 2
Hardi Plank 1,015 16% 10
Stucco 785 12% 3
Stucco & Siding 392 6% 4
Aluminum 233 4% 5
Other 96 1.47% 6
Brick & Siding 84 1.29% 11
Stone Hardi Plank 78 1.19% 12
Wood Vinyl 76 1.16% 7
Brick Vinyl 48 0.73% 12
Stucco Wood 45 0.69% 8
Wood Hardi Plank 45 0.69% 14
Stone Vinyl 43 0.66% 9
Brick Stucco 31 0.47% 15
Board Area 6,534 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 37 Source: Vancouver Island Real Estate Board Board Area
Exteriors
Exteriors
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 38 Source: Vancouver Island Real Estate Board Board Area
Parking
The top three parking features in the Board Area were ‘Garage-Double’ (51%), ‘Carport-Single’ (24%),
and ‘Garage-Single’ (16%). ‘Garage-Double’ was the most common in most sub-areas except the Port
Alberni/West Coast and North Island sub-areas where ‘Garage-Single’ was the most common
(ranging from 31% to 36%).
Parking
Parking
Type of Parking Count % Rank
Garage-Double 2,463 51% 1
Carport-Single 1,152 24% 2
Garage-Single 762 16% 3
Carport-Multiple 182 3.8% 4
Garage-3 Or More 181 3.7% 5
Other 103 2% 6
Board Area 4,843 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 39 Source: Vancouver Island Real Estate Board Board Area
Site Characteristics
The top three site characteristics were ‘View – Ocean’ (40.4%), ‘View – Mountain’ (40.1%), and
‘Waterfront – Ocean’ (11%). ‘View – Ocean’ was the most common among Campbell River, Nanaimo,
Parksville/Qualicum, North Island and Island sub-areas (range 42-60%) while ‘View – Mountain’ was
the most common among the Comox Valley, Cowichan Valley, and Port Alberni/West Coast sub-
areas (range 44-70%),
Site Characteristics
Site Characteristics
Site Characteristics
Site Characteristics Count % Rank
View - Ocean 1,058 40.4% 2
View - Mountain 1,049 40.1% 1
Waterfront - Ocean 275 11% 3
View - Lake 100 4% 5
Waterfront - River/Creek 68 3% 7
Waterfront - Lake 53 2% 6
View - City 16 1% 4
Board Area 2,619 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 40 Source: Vancouver Island Real Estate Board Board Area
Board Area – Typical Buyer
This table represents the highest frequency or most common value for each category, illustrating the
‘typical’ Buyer profile for 2014.
‘Typical’ Buyer Profile
Description Mode %
Community Movement New to the community 59%
Years Lived in Same Community More than 20 years 36%
Years Away From Community 6 to 10 24%
Buyer Origin Within same area 36%
Major Reason for Purchase Principal Residence 94%
First Time Purchase of Principal Residence
(Yes or No)No 85%
Used RRSP for Downpayment (Yes or No) No 58%
Purchased as Retirement Home (Yes or No) Yes 60%
How Buyers First Became Aware of PropertyMy REALTOR® supplied
PCS35%
How Buyers First Choose a REALTOR®Previously dealt with this
REALTOR®16%
Form of Agency Provided by REALTOR®Single Agency –
representing only buyer 72%
Selling Price Range $300,001 to $350,000 15%
Home Type Single Family 61%
Number of Bedrooms 3 44%
Number of Bathrooms 2 46%
Exterior Vinyl 33%
Parking Garage-Double 51%
Site Characteristics View - Ocean 40.4%
Information Category from Questionnaire Survey
Home Characteristics from corresponding MLS® data base
CAMPBELL RIVER
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 42 Source: Vancouver Island Real Estate Board Campbell River Sub-Area
Campbell River Sub - Area – Information from Questionnaire Survey
Community Movement
The most common migration pattern of 2014 residential property buyers in the Campbell River sub-
area was to move to a new community with 76 responses (48%), followed by ‘Moving to a new
residence in the same community’ 70 responses (44%), and finally 12 responses (8%) indicated they
were ‘Moving back to the community’.
Community Movement
Community Movement
Community Movement Count % Rank
New to the community 76 48% 1
Moving to a new residence in the same community 70 44% 2
Moving back to the community 12 8% 3
Board Area 158 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 43 Source: Vancouver Island Real Estate Board Campbell River Sub-Area
Length of time lived in same community
For those respondents moving within the same community, the highest frequency response (39%) to the question of how long they had lived there was for the category of ‘More than 20 years’. The second highest frequency was 20%, for the ‘3 to 5 years’ category.
Years in the Community
Years in the Community
You have indicated that you are
moving to a new residence in the
same community. Please indicate
how many years you have lived in
this community.
Count % Rank
1 to 2 7 10% 4
3 to 5 14 20% 2
6 to 10 13 19% 3
11 to 15 6 9% 5
16 to 20 3 4% 6
More than 20 years 27 39% 1
Board Area 70 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 44 Source: Vancouver Island Real Estate Board Campbell River Sub-Area
Moving Back to a Community after Time Away
For those Buyers moving back to a community after having lived elsewhere for some time, the
category of ‘1 to 2 years’ and ’16 to 20’ showed the highest frequency at 25% for the Campbell River
sub-area. The second highest frequency was 17%, for the ‘3 to 5 years’ and ‘6 to 10’ category.
Years in the Community
Years in the Community
You have indicated that
you are moving back to this
community. Please indicate
how many years you have
been away from this
community.
Count % Rank
1 to 2 3 25% 1
3 to 5 2 17% 3
6 to 10 2 17% 3
11 to 15 1 8% 5
16 to 20 3 25% 1
More than 20 years 1 8% 5
12 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 45 Source: Vancouver Island Real Estate Board Campbell River Sub-Area
Buyer Origin
For Buyers of residential property, the primary Buyer origin for the Campbell River sub-area
(determined from 158 responses) was ‘Within the same area’ (44%), followed by ‘Elsewhere on
Vancouver Island’ (13%), and ‘Alberta.’ (10%). When aggregated, Buyers originating from within B.C.
totalled 78% of the respondents, and those coming from Vancouver Island totalled 61%.
Buyer Origin
Buyer Origin
Moved from? Count % Rank
Within same area 69 44% 1
Elsewhere on Vancouver Island 21 13% 2
Alberta 16 10% 3
Other B.C. 14 9% 4
Vancouver 10 6% 5
Ontario 10 6% 5
Greater Victoria 6 4% 7
Rest of World 4 3% 8
Sask./Manitoba 2 1% 9
Fraser Valley 2 1% 9
Other Canada 2 1% 9
Gulf Islands 2 1% 9
All Others 158 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 46 Source: Vancouver Island Real Estate Board Campbell River Sub-Area
Major Reason for Purchase
The major reason for residential property purchase in the Campbell River sub-area was for ‘Principal
Residence’ with 97% of survey respondents choosing this option. The next highest category was
‘Other’ at 2%.
Major Reason for Purchase
Major Reason for Purchase
Reason for Purchase Count % Rank
Principal Residence 153 97% 1
Investment/Rental 2 1% 3
Recreation/Vacation 0 0% 4
Student Housing 0 0% 4
Other 3 2% 2
Board Area 158 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 47 Source: Vancouver Island Real Estate Board Campbell River Sub-Area
First-Time Purchase of Principal Residence (Yes or No)
‘First-time Buyers’ accounted for 24% of purchases made in the Campbell River sub-area.
First-Time Purchase of Principal Residence
First-Time Purchase of Principal Residence
First Home? Count % Rank
Yes 38 24% 2
No 118 76% 1
156 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 48 Source: Vancouver Island Real Estate Board Campbell River Sub-Area
Used RRSP for down payment (Yes or No)
The frequency of ‘First-time Buyers’ using RRSPs for a down payment in the Campbell River sub-area
was 38% signifying that the majority of the ‘First-time Buyers’ within the Campbell River sub-area do
not use RRSPs for their down payment.
Used RRSP for Down Payment
Used RRSP for Down Payment
Used RRSP for down payment Count % Rank
Yes 14 38% 2
No 23 62% 1
37 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 49 Source: Vancouver Island Real Estate Board Campbell River Sub-Area
Purchased as Retirement Home (Yes or No)
The proportion of those buying their home for retirement purposes was 44%.
Purchased as a Retirement Home
Purchased as a Retirement Home
Retirement Home Count % Rank
Yes 57 44% 2
No 72 56% 1
129 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 50 Source: Vancouver Island Real Estate Board Campbell River Sub-Area
How Buyers First Became Aware of Property
The top three ways that Buyers became aware of the property were ‘My REALTOR® supplied PCS’
(32%), ‘Internet- REALTOR.ca site’ (32%), and ‘For Sale Sign’ (12%). As a matter of interest, the
Internet choices totalled 40% when added together, making ‘Internet search’ the highest frequency
choice for this category.
How Buyers First Became Aware of Property
How Buyers First Became Aware of Property
How Buyers First Became Aware of Property Count % Rank
My REALTOR® supplied PCS 51 32% 1
Internet– REALTOR.ca site 51 32% 1
For Sale sign 19 12% 3
Internet – other than REALTOR.ca site 13 8% 4
Contacted a Real Estate office 11 7% 5
Word of Mouth 4 3% 6
Real Estate Tabloid 2 1.3% 8
Newspaper advertisement: Classified Ad 2 1.3% 8
Open House 1 0.6% 10
Real Estate Kiosk in the Mall 0 0% 11
Other 4 3% 6
Board Area 158 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 51 Source: Vancouver Island Real Estate Board Campbell River Sub-Area
How Buyers First Chose a REALTOR®
The top two ways that Buyers chose their REALTOR® were ‘REALTOR® was recommended by co-
worker, associate or friend’ (18%), followed by ‘Previously dealt with this REALTOR®’ (16%). It is
interesting that the overall VIREB Board Area has slightly different results, as the most popular
method for the Board Area is ‘Previously dealt with this REALTOR®’. However it remains consistent
that REALTORS® depend primarily on referrals, with 41% of REALTOR® business coming from
previous relationships.
How Buyers First Chose a REALTOR®
How Buyers First Chose a REALTOR®
Source of REALTOR® Count % Rank
REALTOR® was recommended by co-worker, associate or friend 28 18% 1
Previously dealt with this REALTOR® 25 16% 2
REALTOR® was recommended by my family or a relative 23 15% 3
REALTOR® is a friend or co-worker 18 11% 4
Called the REALTOR® shown on a For Sale sign on property 14 9% 5
REALTOR® was recommended/referred by another REALTOR® 11 7% 6
Internet-REALTOR® was the agent on listed property 10 6% 7
Attended at a Real Estate office 6 4% 9
REALTOR® is a family member 5 3% 10
Attended an Open House 4 3% 11
Called the REALTOR® shown on a newspaper or tabloid ad 3 2% 12
REALTOR® is a client or customer of your business 2 1% 13
Recommended by Bank or Mortgage company 2 1% 13
REALTOR® spoke my language 0 0% 15
Real Estate Kiosk in the Mall 0 0% 15
Armed Forces Relocation service 0 0% 15
Other 7 4% 8
Board Area 158 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 52 Source: Vancouver Island Real Estate Board Campbell River Sub-Area
How Buyers First Chose a REALTOR®
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 53 Source: Vancouver Island Real Estate Board Campbell River Sub-Area
What form of agency was provided by the REALTOR®
The most common form of agency used by Buyers was ‘Single Agency – representing only buyer’
(75%).
Form of Agency Provided by REALTOR®
Form of Agency Provided by REALTOR®
Agency Form Count % Rank
Single Agency – representing only buyer 118 75% 1
Dual Agency – representing both buyer and seller 31 20% 2
Don't Know 9 6% 3
158 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 54 Source: Vancouver Island Real Estate Board Campbell River Sub-Area
Campbell River Sub - Area – Home characteristics from MLS ® data
Selling Price Range
For ease of interpretation, home selling prices were categorized into $50,000 increments up to $1
million. Above $1 million, prices were combined.
The top three categories for the Campbell River sub-area were: $200,001-$250,000 (21%), $250,001-
$300,000 (21%), and $300,001-$350,000 (19%), totalling 61% of all sales.
Selling Price Range
Selling Price Range Count % Rank
$0 to $50,000 19 3% 8
$50,001 to $100,000 16 2.3% 9
$100,001 to $150,000 29 4% 7
$150,001 to $200,000 65 9% 4
$200,001 to $250,000 146 21% 1
$250,001 to $300,000 146 21% 1
$300,001 to $350,000 131 19% 3
$350,001 to $400,000 65 9% 4
$400,001 to $450,000 41 6% 6
$450,001 to $500,000 15 2.1% 10
$500,001 to $550,000 13 1.9% 11
$550,001 to $600,000 3 0.4% 13
$600,001 to $650,000 3 0.4% 13
$650,001 to $700,000 0 0.0% 18
$700,001 to $750,000 1 0.1% 15
$750,001 to $800,000 0 0.0% 18
$800,001 to $850,000 0 0.0% 18
$850,001 to $900,000 0 0.0% 18
$900,001 to $950,000 1 0.1% 15
$950,001 to $1,000,000 1 0.1% 15
Over $1,000,000 4 1% 12
699 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 55 Source: Vancouver Island Real Estate Board Campbell River Sub-Area
Selling Price Range
Selling Price Range
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 56 Source: Vancouver Island Real Estate Board Campbell River Sub-Area
Home Type
The top three home types were ‘Single-Family’ (73%), ‘Condominium (Apt)’ (7%), and ‘Patio Home’
(5%). The Campbell River sub-area differs from the VIREB Board Area, as ‘Condominium (Twnhse)’
was the third most popular choice for the Board Area versus a ‘Patio Home’.
Home Type
Home Type
Type of Home Count % Rank
Single Family 513 73% 1
Condominium (Apt) 47 7% 2
Patio Home 34 5% 3
Manufactured/Mobile On Pad 31 4% 4
Single Family (Waterfront) 17 2.4% 5
Single Family (Strata) 14 2.0% 6
Condominium (Twnhse) 12 1.7% 7
Acreage With House 11 1.6% 8
Duplex 10 1.4% 9
Duplex (Strata) 9 1.3% 10
Triplex/Fourplex 1 0.1% 11
Farm/Ranch 0 0% 12
Single Family (Modular/Prefab) 0 0% 12
699 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 57 Source: Vancouver Island Real Estate Board Campbell River Sub-Area
Number of Bedrooms
The top three frequencies for number of bedrooms were ‘Three’ (54%), ‘Four’ (19%), and ‘Two’
(17%).
Number of Bedrooms
Number of Bedrooms
Number of Bedrooms
Number of Bedrooms Count % Rank
1 12 2% 5
2 120 17% 3
3 374 54% 1
4 130 19% 2
5 53 7.6% 4
6 6 0.9% 6
695 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 58 Source: Vancouver Island Real Estate Board Campbell River Sub-Area
Number of Bathrooms
The top three frequencies for number of bathrooms were ‘Two’ (50%), ‘Three’ (31%), and ‘One’
(15%).
Number of Bathrooms
Number of Bathrooms
Number of Bathrooms
Number of Bathrooms Count % Rank
1 106 15% 3
2 347 50% 1
3 218 31% 2
4 20 3% 4
5 1 0.1% 5
6 0 0% 7
7 1 0.1% 5
693 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 59 Source: Vancouver Island Real Estate Board Campbell River Sub-Area
Exterior
The top three house exterior types were ‘Vinyl’ (36%), ‘Hardi Plank’ (18.3%), followed by ‘Wood’
(18.2%). A slight change from the VIREB Board Area as a whole, whose order of top three Exterior
types were: ‘Vinyl’, ‘Wood’ followed by ‘Hardi Plank’.
Exterior
Exterior
Exterior Count % Rank
Vinyl 239 36% 1
Hardi Plank 123 18.3% 2
Wood 122 18.2% 3
Stucco 53 8% 4
Stucco & Siding 43 6% 5
Aluminum 28 4% 6
Brick & Siding 15 2.2% 7
Stone Hardi Plank 12 1.8% 8
Other 10 1.5% 9
Wood Vinyl 7 1.0% 10
Stone Vinyl 6 0.9% 11
Wood Hardi Plank 6 0.9% 11
Stucco Wood 4 0.6% 13
Brick Stucco 2 0.3% 14
Brick Vinyl 1 0.1% 15
671 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 60 Source: Vancouver Island Real Estate Board Campbell River Sub-Area
Exteriors
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 61 Source: Vancouver Island Real Estate Board Campbell River Sub-Area
Parking
The top three parking features in the Campbell River sub-area were ‘Garage-Double’ (53%), ‘Carport-
Single’ (26%), and ‘Garage-Single’ (13%).
Parking
Parking
Type of Parking Count % Rank
Garage-Double 282 53% 1
Carport-Single 141 26% 2
Garage-Single 71 13% 3
Carport-Multiple 22 4% 4
Garage-3 Or More 11 2% 5
Other 7 1% 6
534 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 62 Source: Vancouver Island Real Estate Board Campbell River Sub-Area
Site Characteristics
The top three site characteristics were ‘View – Ocean’ (60%), ‘View – Mountain’ (23%), and
‘Waterfront – Ocean’ (10%). These results vary slightly from the VIREB Board Area as a whole, as
those results were ‘View – Mountain’ (40.5%), ‘View – Ocean’ (39.9%), and ‘Waterfront – Ocean’
(10%).
Site Characteristics
Site Characteristics
Site Characteristics
Site Characteristics Count % Rank
View - Ocean 131 60% 1
View - Mountain 50 23% 2
Waterfront - Ocean 21 10% 3
View - City 1 0.5% 6
View - Lake 0 0% 7
Waterfront - Lake 3 1% 5
Waterfront - River/Creek 12 6% 4
218 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 63 Source: Vancouver Island Real Estate Board Campbell River Sub-Area
Campbell River Sub-Area – Typical Buyer
This table represents the highest frequency or most common value for each category, illustrating the
‘typical’ Buyer profile for 2014.
Description Mode %
Community Movement New to the community 48%
Years Lived in Same Community More than 20 years 39%
Years Away From Community 1 to 2 and 16 to 20 25%
Buyer Origin Within same area 44%
Major Reason for Purchase Principal Residence 97%
First Time Purchase of Principal Residence
(Yes or No)No 76%
Used RRSP for Downpayment (Yes or No) No 62%
Purchased as Retirement Home (Yes or No) No 56%
How Buyers First Became Aware of PropertyMy REALTOR® supplied PCS and
Internet– REALTOR.ca site32%
How Buyers First Choose a REALTOR®REALTOR® was recommended by co-
worker, associate or friend18%
Form of Agency Provided by REALTOR®Single Agency – representing only
buyer 75%
Selling Price Range$200,001 to $250,000 and $250,001 to
$300,00021%
Home Type Single Family 73%
Number of Bedrooms 3 54%
Number of Bathrooms 2 50%
Exterior Vinyl 36%
Parking Garage-Double 53%
Site Characteristics View - Ocean 60%
Information Category from Questionnaire Survey
Home Characteristics from corresponding MLS® data base
COMOX VALLEY
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 65 Source: Vancouver Island Real Estate Board Comox Valley Sub-Area
Comox Valley Sub - Area – Information from Questionnaire Survey
Community Movement
The most common migration pattern of 2014 Comox Valley sub-area residential property buyers was
to move to a new community with 151 responses (58%), followed by ‘Moving to a new residence in the
same community’ 91 responses (35%), and finally 18 responses (7%) indicated they were ‘Moving back
to the community’.
Community Movement
Community Movement
Community Movement Count % Rank
New to the community 151 58% 1
Moving to a new residence in the same
community91 35% 2
Moving back to the community 18 7% 3
Board Area 260 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 66 Source: Vancouver Island Real Estate Board Comox Valley Sub-Area
Length of time lived in same community
For those respondents moving within the same community, the highest frequency response (30%) to the question of how long they had lived there was for the category of ‘More than 20 years’. The second highest frequency was 21%, for the ‘6 to 10 years’ category.
Years in the Community
Years in the Community
You have indicated that you are
moving to a new residence in the
same community. Please indicate
how many years you have lived in
this community.
Count % Rank
1 to 2 8 9% 5
3 to 5 16 18% 3
6 to 10 19 21% 2
11 to 15 8 9% 5
16 to 20 13 14% 4
More than 20 years 27 30% 1
Board Area 91 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 67 Source: Vancouver Island Real Estate Board Comox Valley Sub-Area
Moving Back to a Community after Time Away
For those Buyers moving back to a community after having lived elsewhere for some time, the
category of ‘6 to 10 years’ showed the highest frequency at 39% for the Comox Valley sub-area. The
second highest frequency was 28%, for the ‘More than 20 years’ category.
Years in the Community
Years in the Community
You have indicated that
you are moving back to this
community. Please indicate
how many years you have
been away from this
community.
Count % Rank
1 to 2 2 11% 3
3 to 5 1 6% 5
6 to 10 7 39% 1
11 to 15 1 6% 5
16 to 20 2 11% 3
More than 20 years 5 28% 2
18 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 68 Source: Vancouver Island Real Estate Board Comox Valley Sub-Area
Buyer Origin
For Buyers of residential property, the primary Buyer origin for the Comox Valley sub-area
(determined from 260 responses) was ‘Within the same area’ (35%), followed by ‘Alberta’ (18%) and
‘Elsewhere on Vancouver Island’ (10%). When aggregated, Buyers originating from within B.C.
totalled 65% of the respondents, and those coming from Vancouver Island totalled 49%.
Buyer Origin
Buyer Origin
Moved from? Count % Rank
Within same area 91 35% 1
Alberta 48 18% 2
Elsewhere on Vancouver Island 26 10% 3
Other B.C. 18 6.9% 4
Ontario 17 6.5% 5
Sask./Manitoba 13 5% 6
Greater Victoria 11 4.2% 7
Vancouver 10 3.8% 8
Fraser Valley 10 3.8% 8
Other Canada 7 3% 10
Rest of World 6 2% 11
Gulf Islands 3 1% 12
All Others 260 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 69 Source: Vancouver Island Real Estate Board Comox Valley Sub-Area
Major Reason for Purchase
The major reason for residential property purchase in the Comox Valley sub-area was for ‘Principal
Residence’ with 95% of survey respondents choosing this option. The next highest category was
‘Recreation / Vacation’ at 2.3%.
Major Reason for Purchase
Major Reason for Purchase
Reason for Purchase Count % Rank
Principal Residence 247 95% 1
Recreation/Vacation 6 2.3% 2
Investment/Rental 4 1.5% 3
Student Housing 0 0% 5
Other 3 1% 4
Board Area 260 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 70 Source: Vancouver Island Real Estate Board Comox Valley Sub-Area
First-Time Purchase of Principal Residence (Yes or No)
‘First-time Buyers’ accounted for 11% of purchases made in the Comox Valley sub-area.
First-Time Purchase of Principal Residence
First-Time Purchase of Principal Residence
First Home? Count % Rank
Yes 28 11% 2
No 222 89% 1
250 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 71 Source: Vancouver Island Real Estate Board Comox Valley Sub-Area
Used RRSP for down payment (Yes or No)
The frequency of ‘First-time Buyers’ using RRSPs for a down payment in the Comox Valley sub-area
was 48%, signifying that the almost half of the ‘First-time buyers’ within the Comox Valley sub-area
use RRSPs for their down payment.
Used RRSP for Down Payment
Used RRSP for Down Payment
Used RRSP for down payment Count % Rank
Yes 13 48% 2
No 14 52% 1
27 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 72 Source: Vancouver Island Real Estate Board Comox Valley Sub-Area
Purchased as Retirement Home (Yes or No)
The proportion of those buying their home for retirement purposes was 55%.
Purchased as a Retirement Home
Purchased as a Retirement Home
Retirement Home Count % Rank
Yes 118 55% 1
No 96 45% 2
214 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 73 Source: Vancouver Island Real Estate Board Comox Valley Sub-Area
How Buyers First Became Aware of Property
The top three ways that Buyers became aware of the property were ‘REALTOR® supplied PCS’
(30.4%), ‘Internet- REALTOR.ca site’ (29.6%), and ‘For Sale Sign’ (10%). As a matter of interest, the
Internet choices totalled 35.6% when added together, making ‘Internet Search’ the highest
frequency choice for this category.
How Buyers First Became Aware of Property
How Buyers First Became Aware of Property
How Buyers First Became Aware of Property Count % Rank
My REALTOR® supplied PCS 79 30.4% 1
Internet– REALTOR.ca site 77 29.6% 2
For Sale sign 27 10% 3
Contacted a Real Estate office 23 9% 4
Internet – other than REALTOR.ca site 15 6% 5
Open House 12 4.6% 8
Real Estate Tabloid 7 3% 9
Word of Mouth 5 2% 7
Newspaper advertisement: Classified Ad 2 1% 10
Real Estate Kiosk in the Mall 0 0% 11
Other 13 5.0% 6
Board Area 260 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 74 Source: Vancouver Island Real Estate Board Comox Valley Sub-Area
How Buyers First Chose a REALTOR®
The top three ways that Buyers chose their REALTOR® were ‘REALTOR® was recommended by co-
worker, associate or friend’ (18%), followed by ‘ Previously dealt with this REALTOR®’ (16%), and
thirdly ‘REALTOR® was recommended by my family or a relative’ (12%). It is interesting to note that
the overall VIREB Board Area has slightly different results, as the second most popular method is
‘Friend or Relative of the REALTOR®. It remains consistent that REALTORS® depend primarily on
relationship-based referral with 42% of REALTOR® business coming from a referral.
How Buyers First Chose a REALTOR®
How Buyers First Chose a REALTOR®
Source of REALTOR® Count % Rank
REALTOR® was recommended by co-worker, associate or friend 47 18% 1
Previously dealt with this REALTOR® 41 16% 2
REALTOR® was recommended by my family or a relative 31 12% 3
REALTOR® was recommended/referred by another REALTOR® 28 11% 4
REALTOR® is a friend or co-worker 25 10% 5
Called the REALTOR® shown on a For Sale sign on property 19 7.3% 6
Internet-REALTOR® was the agent on listed property 18 6.9% 7
Attended an Open House 13 5% 9
Attended at a Real Estate office 7 3% 10
REALTOR® is a family member 6 2% 11
Recommended by Bank or Mortgage company 3 1.2% 12
Called the REALTOR® shown on a newspaper or tabloid ad 2 0.8% 13
Real Estate Kiosk in the Mall 2 0.8% 13
REALTOR® is a client or customer of your business 1 0.4% 15
REALTOR® spoke my language 0 0% 16
Armed Forces Relocation service 0 0% 16
Other 17 6.5% 8
Board Area 260 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 75 Source: Vancouver Island Real Estate Board Comox Valley Sub-Area
How Buyers First Chose a REALTOR®
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 76 Source: Vancouver Island Real Estate Board Comox Valley Sub-Area
What form of agency was provided by the REALTOR®
The most common form of agency used by Buyers was ‘Single Agency – representing only buyer
(73%).
Form of Agency Provided by REALTOR®
Form of Agency Provided by REALTOR®
Agency Form Count % Rank
Single Agency – representing only buyer 189 73% 1
Dual Agency – representing both buyer and seller 50 19% 2
Don't know 21 8% 3
260 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 77 Source: Vancouver Island Real Estate Board Comox Valley Sub-Area
Comox Valley Sub-Area – Home characteristics from MLS ® data
Selling Price Range
For ease of interpretation, home selling prices were categorized into $50,000 increments up to $1
million. Above $1 million, prices were combined.
The top three categories for the Comox Valley were $250,001- $300,000 (16.5%), $300,001-$350,000
(16.4%), $200,001-$250,000 (15%), totalling 48.5% of all sales.
Selling Price Range
Selling Price Range Count % Rank
$0 to $50,000 18 1.44% 12
$50,001 to $100,000 42 3.35% 9
$100,001 to $150,000 53 4% 8
$150,001 to $200,000 98 8% 5
$200,001 to $250,000 182 15% 3
$250,001 to $300,000 207 17% 1
$300,001 to $350,000 206 16% 2
$350,001 to $400,000 162 13% 4
$400,001 to $450,000 97 8% 6
$450,001 to $500,000 80 6% 7
$500,001 to $550,000 33 2.63% 10
$550,001 to $600,000 20 2% 11
$600,001 to $650,000 16 1.28% 13
$650,001 to $700,000 10 0.80% 14
$700,001 to $750,000 9 0.72% 15
$750,001 to $800,000 3 0.24% 19
$800,001 to $850,000 4 0.32% 17
$850,001 to $900,000 4 0.32% 17
$900,001 to $950,000 1 0.08% 21
$950,001 to $1,000,000 2 0.16% 20
Over $1,000,000 6 0.48% 16
1,253 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 78 Source: Vancouver Island Real Estate Board Comox Valley Sub-Area
Selling Price Range
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 79 Source: Vancouver Island Real Estate Board Comox Valley Sub-Area
Selling Price Range
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 80 Source: Vancouver Island Real Estate Board Comox Valley Sub-Area
Home Type
The top three home types were ‘Single-Family’ (59%), ‘Condominium (Apt)’ (9%), and ‘Condominium
(Twnhse)’ (6.4%).
Home Type
Home Type
Type of Home Count % Rank
Single Family 742 59% 1
Condominium (Apt) 119 9% 2
Condominium (Twnhse) 80 6.38% 3
Patio Home 75 5.99% 4
Duplex (Strata) 62 4.95% 6
Acreage With House 58 4.63% 5
Manufactured/Mobile On Pad 51 4% 7
Single Family (Waterfront) 34 3% 8
Single Family (Strata) 18 1% 9
Duplex 5 0.40% 11
Farm/Ranch 4 0.32% 12
Single Family (Modular/Prefab) 3 0.24% 10
Triplex/Fourplex 2 0.16% 13
1,253 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 81 Source: Vancouver Island Real Estate Board Comox Valley Sub-Area
Number of Bedrooms
The top three frequencies for number of bedrooms were ‘Three’ (48%), ‘Two’ (27%), and ‘Four’
(17%).
Number of Bedrooms
Number of Bedrooms
Number of Bedrooms
Number of Bedrooms Count % Rank
1 27 2% 5
2 332 27% 2
3 602 48% 1
4 217 17% 3
5 62 5% 4
6 8 1% 6
1,248 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 82 Source: Vancouver Island Real Estate Board Comox Valley Sub-Area
Number of Bathrooms
The top three frequencies for number of bathrooms were ‘Two’ (49%), ‘Three’ (32%), and ‘One’
(15%).
Number of Bathrooms
Number of Bathrooms
Number of Bathrooms
Number of Bathrooms Count % Rank
1 191 15% 3
2 607 49% 1
3 402 32% 2
4 37 3% 4
5 7 1% 5
6 1 0.1% 6
1,245 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 83 Source: Vancouver Island Real Estate Board Comox Valley Sub-Area
Exterior
The top three house exterior types were ‘Vinyl’ (39%), ‘Wood’ (18%), and ‘Hardi Plank’ (17%).
Exterior
Exterior
Exterior Count % Rank
Vinyl 473 39% 1
Wood 217 18% 2
Hardi Plank 203 17% 3
Stucco 88 7.3% 4
Stucco & Siding 80 6.7% 5
Aluminum 54 4% 6
Stone Hardi Plank 28 2% 7
Other 12 1.0% 8
Stone Vinyl 12 1.0% 8
Wood Hardi Plank 10 0.8% 10
Wood Vinyl 9 0.7% 11
Brick Vinyl 9 0.7% 11
Brick & Siding 5 0.4% 13
Stucco Wood 1 0.1% 14
Brick Stucco 1 0.1% 14
1,202 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 84 Source: Vancouver Island Real Estate Board Comox Valley Sub-Area
Exterior
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 85 Source: Vancouver Island Real Estate Board Comox Valley Sub-Area
Parking
The top three parking features in the Comox Valley sub-area were ‘Garage-Double’ (46%), ‘Carport-
Single’ (31%), and ‘Garage-Single’ (15%).
Parking
Parking
Type of Parking Count % Rank
Garage-Double 414 46% 1
Carport-Single 275 31% 2
Garage-Single 134 15% 3
Garage-3 Or More 30 3.3% 4
Carport-Multiple 29 3.2% 5
Other 18 2% 6
900 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 86 Source: Vancouver Island Real Estate Board Comox Valley Sub-Area
Site Characteristics
The top three site characteristics were ‘View – Mountain’ (64%), ‘View – Ocean’ (20%), and
‘Waterfront – Ocean’ (10%).
Site Characteristics
Site Characteristics
Site Characteristics
Site Characteristics Count % Rank
View - Mountain 254 64% 1
View - Ocean 79 20% 2
Waterfront - Ocean 38 10% 3
Waterfront - River/Creek 16 4% 4
View - Lake 4 1.0% 5
View - City 3 0.8% 6
Waterfront - Lake 1 0.3% 7
395 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 87 Source: Vancouver Island Real Estate Board Comox Valley Sub-Area
Comox Valley Sub-Area – Typical Buyer
This table represents the highest frequency or most common value for each category, illustrating the
‘typical’ Buyer profile for 2014.
Description Mode %
Community Movement New to the community 58%
Years Lived in Same Community More than 20 years 30%
Years Away From Community 6 to 10 39%
Buyer Origin Within same area 35%
Major Reason for Purchase Principal Residence 95%
First Time Purchase of Principal Residence
(Yes or No)No 89%
Used RRSP for Downpayment (Yes or No) No 52%
Purchased as Retirement Home (Yes or No) Yes 55%
How Buyers First Became Aware of PropertyMy REALTOR® supplied
PCS30.4%
How Buyers First Choose a REALTOR®
REALTOR® was
recommended by co-
worker, associate or friend
18%
Form of Agency Provided by REALTOR®Single Agency –
representing only buyer 73%
Selling Price Range $250,001 to $300,000 16.5%
Home Type Single Family 59%
Number of Bedrooms 3 48%
Number of Bathrooms 2 49%
Exterior Vinyl 39%
Parking Garage-Double 46%
Site Characteristics View - Mountain 64%
Information Category from Questionnaire Survey
Home Characteristics from corresponding MLS® data base
COWICHAN VALLEY
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 89 Source: Vancouver Island Real Estate Board Cowichan Valley Sub-Area
Cowichan Valley Sub - Area – Information from Questionnaire Survey
Community Movement
The most common migration pattern of 2014 Cowichan Valley residential property buyers was to
move to a new community with 183 responses (69%), followed by ‘Moving to a new residence in the
same community’ 58 responses (22%), and finally 24 responses (9%) indicated they were ‘Moving back
to the community’.
Community Movement
Community Movement
Community Movement Count % Rank
New to the community 183 69% 1
Moving to a new residence in the same community 58 22% 2
Moving back to the community 24 9% 3
Board Area 265 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 90 Source: Vancouver Island Real Estate Board Cowichan Valley Sub-Area
Length of time lived in same community
For those respondents moving within the same community, the highest frequency response (47%) to the question of how long they had lived there was for the category of ‘More than 20 years’. The second highest frequency was 19%, for the ‘6 to 10 years’ category.
Years in the Community
Years in the Community
You have indicated that you are
moving to a new residence in the
same community. Please indicate
how many years you have lived in
this community.
Count % Rank
1 to 2 8 14% 3
3 to 5 2 3% 6
6 to 10 11 19% 2
11 to 15 5 9% 4
16 to 20 5 9% 4
More than 20 years 27 47% 1
Board Area 58 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 91 Source: Vancouver Island Real Estate Board Cowichan Valley Sub-Area
Moving Back to a Community after Time Away
For those Buyers moving back to a community after having lived elsewhere for some time, the
category of ‘3 to 5 years’, ‘6 to 10 years’, ’11 to 15 years’ and ‘More than 20 years’ showed the
highest frequencies, and all at 21% for the Cowichan Valley.
Years in the Community
Years in the Community
You have indicated that
you are moving back to this
community. Please indicate
how many years you have
been away from this
community.
Count % Rank
1 to 2 4 17% 5
3 to 5 5 21% 1
6 to 10 5 21% 1
11 to 15 5 21% 1
16 to 20 0 0% 6
More than 20 years 5 21% 1
24 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 92 Source: Vancouver Island Real Estate Board Cowichan Valley Sub-Area
Buyer Origin
For Buyers of residential property, the primary Buyer origin for the Cowichan Valley sub-area
(determined from 265 responses) was ‘Within the same area’ (23%), followed by ‘Elsewhere on
Vancouver Island’ (17%), and ‘Alberta’ (14%). When aggregated, Buyers originating from within B.C.
totalled 73.1% of the respondents, and those coming from Vancouver Island totalled 51%.
Buyer Origin
Buyer Origin
Moved from? Count % Rank
Within same area 61 23% 1
Elsewhere on Vancouver Island 44 17% 2
Alberta 36 14% 3
Greater Victoria 28 11% 4
Other B.C. 21 8% 5
Vancouver 18 7% 6
Ontario 17 6.4% 7
Sask./Manitoba 16 6.0% 8
Fraser Valley 16 6.0% 8
Other Canada 3 1.1% 10
Gulf Islands 3 1.1% 10
Rest of World 2 0.8% 12
All Others 265 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 93 Source: Vancouver Island Real Estate Board Cowichan Valley Sub-Area
Major Reason for Purchase
The major reason for residential property purchase in the Cowichan Valley sub-area was for
‘Principal Residence’ with 92% of survey respondents choosing this option. The next highest
category was ‘Other’ at 3%.
Major Reason for Purchase
Major Reason for Purchase
Reason for Purchase Count % Rank
Principal Residence 245 92% 1
Recreation/Vacation 5 1.9% 4
Investment/Rental 4 1.5% 3
Student Housing 4 1.5% 4
Other 7 3% 2
Board Area 265 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 94 Source: Vancouver Island Real Estate Board Cowichan Valley Sub-Area
First-Time Purchase of Principal Residence (Yes or No)
‘First-time Buyers’ accounted for 13% of purchases made in the Cowichan Valley sub-area.
First-Time Purchase of Principal Residence
First-Time Purchase of Principal Residence
First Home? Count % Rank
Yes 33 13% 2
No 223 87% 1
256 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 95 Source: Vancouver Island Real Estate Board Cowichan Valley Sub-Area
Used RRSP for down payment (Yes or No)
The frequency of ‘First-time Buyers’ using RRSPs for a down payment in the Cowichan Valley sub-
area was 34%, signifying that the majority of the ‘First-time Buyers’ within the Cowichan Valley sub-
area do not use RRSPs for their down payment.
Used RRSP for Down Payment
Used RRSP for Down Payment
Used RRSP for down payment Count % Rank
Yes 12 34% 2
No 23 66% 1
35 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 96 Source: Vancouver Island Real Estate Board Cowichan Valley Sub-Area
Purchased as Retirement Home (Yes or No)
The proportion of those buying their home for retirement purposes was 66%.
Purchased as a Retirement Home
Purchased as a Retirement Home
Retirement Home Count % Rank
Yes 137 66% 1
No 70 34% 2
207 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 97 Source: Vancouver Island Real Estate Board Cowichan Valley Sub-Area
How Buyers First Became Aware of Property
The top three ways that Buyers became aware of the property were ‘My REALTOR® supplied PCS’
(33%), ‘Internet- REALTOR.ca site’ (27%), and ‘For Sale Sign’ (11%). As a matter of interest, the
Internet choices totalled 34.2% when added together, making ‘Internet search’ the highest
frequency choice for this category
How Buyers First Became Aware of Property
How Buyers First Became Aware of Property
How Buyers First Became Aware of Property Count % Rank
My REALTOR® supplied PCS 88 33% 1
Internet– REALTOR.ca site 72 27% 2
For Sale sign 30 11% 3
Internet – other than REALTOR.ca site 19 7.2% 4
Word of Mouth 19 7.2% 4
Contacted a Real Estate office 18 6.8% 6
Real Estate Tabloid 4 2% 8
Open House 3 1.1% 9
Newspaper advertisement: Classified Ad 2 0.8% 10
Real Estate Kiosk in the Mall 0 0% 11
Other 10 4% 7
Board Area 265 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 98 Source: Vancouver Island Real Estate Board Cowichan Valley Sub-Area
How Buyers First Chose a REALTOR®
The top two ways that Buyers chose their REALTOR® were ‘Previously dealt with this REALTOR®’
(15.1%), followed by ‘REALTOR® was recommended by co-worker, associate or friend’ (14.7%). It
remains consistent that REALTORS® depend primarily on referrals, with 40% of REALTOR® business
coming from referrals.
How Buyers First Chose a REALTOR®
How Buyers First Chose a REALTOR®
Source of REALTOR® Count % Rank
Previously dealt with this REALTOR® 40 15.1% 1
REALTOR® was recommended by my family or a relative 39 14.7% 2
REALTOR® was recommended by co-worker, associate or friend 36 14% 3
REALTOR® was recommended/referred by another REALTOR® 29 10.9% 4
REALTOR® is a friend or co-worker 28 10.6% 5
Called the REALTOR® shown on a For Sale sign on property 18 7% 6
Internet-REALTOR® was the agent on listed property 18 7% 6
Attended at a Real Estate office 12 5% 9
REALTOR® is a family member 10 4% 10
Called the REALTOR® shown on a newspaper or tabloid ad 9 3% 11
Attended an Open House 5 2% 12
REALTOR® is a client or customer of your business 2 1% 13
REALTOR® spoke my language 2 1% 13
Recommended by Bank or Mortgage company 1 0.4% 15
Armed Forces Relocation service 1 0.4% 15
Real Estate Kiosk in the Mall 0 0% 17
Other 15 6% 8
Board Area 265 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 99 Source: Vancouver Island Real Estate Board Cowichan Valley Sub-Area
How Buyers First Chose a REALTOR®
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 100 Source: Vancouver Island Real Estate Board Cowichan Valley Sub-Area
What form of agency was provided by the REALTOR®
The most common form of agency used by Buyers was ‘Single Agency – representing only buyer’
(72%).
Form of Agency Provided by REALTOR®
Form of Agency Provided by REALTOR®
Agency Form Count % Rank
Single Agency – representing only buyer 192 72% 1
Dual Agency – representing both buyer and seller 47 18% 2
Don't know 26 10% 3
265 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 101 Source: Vancouver Island Real Estate Board Cowichan Valley Sub-Area
Cowichan Valley – Home characteristics from MLS ® data
Selling Price Range
For ease of interpretation, home selling prices were categorized into $50,000 increments up to $1
million. Above $1 million, prices were combined.
The top three categories for the Cowichan Valley were $250,001- $300,000 (15%), $350,001 -
$400,000 (14%) and $300,001-$350,000 (13.3%) totalling 42.3% of all sales.
Selling Price Range
Selling Price Range Count % Rank
$0 to $50,000 27 2.22% 13
$50,001 to $100,000 48 3.94% 9
$100,001 to $150,000 79 6% 7
$150,001 to $200,000 97 8% 5
$200,001 to $250,000 153 12.57% 4
$250,001 to $300,000 178 15% 1
$300,001 to $350,000 162 13.31% 3
$350,001 to $400,000 165 14% 2
$400,001 to $450,000 85 7% 6
$450,001 to $500,000 58 5% 8
$500,001 to $550,000 46 3.78% 10
$550,001 to $600,000 32 3% 11
$600,001 to $650,000 28 2.30% 12
$650,001 to $700,000 17 1.40% 14
$700,001 to $750,000 15 1.23% 15
$750,001 to $800,000 10 0.82% 16
$800,001 to $850,000 3 0.25% 18
$850,001 to $900,000 2 0.16% 20
$900,001 to $950,000 0 0% 21
$950,001 to $1,000,000 3 0.25% 18
Over $1,000,000 9 0.74% 17
1,217 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 102 Source: Vancouver Island Real Estate Board Cowichan Valley Sub-Area
Selling Price Range
Selling Price Range
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 103 Source: Vancouver Island Real Estate Board Cowichan Valley Sub-Area
Home Type
The top three home types were ‘Single-Family’ (56%), ‘Acreage with House’ (8.9%), and Single Family
(Strata)’ (8.5%). This differs from the VIREB Board Area as a whole, whose top three choices were
‘Single-Family’ (60%), ‘Condominium’ (Apt) (7%), and ‘Condominium’ (Twnhse)’ (6%).
Home Type
Home Type
Type of Home Count % Rank
Single Family 677 56% 1
Acreage With House 108 8.9% 2
Single Family (Strata) 104 8.5% 3
Condominium (Twnhse) 86 7% 5
Manufactured/Mobile On Pad 67 6% 4
Condominium (Apt) 57 5% 6
Single Family (Waterfront) 53 4% 7
Duplex (Strata) 35 3% 8
Patio Home 20 2% 9
Duplex 4 0.3% 11
Farm/Ranch 3 0.2% 10
Triplex/Fourplex 3 0.2% 11
Single Family (Modular/Prefab) 0 0.0% 13
1,217 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 104 Source: Vancouver Island Real Estate Board Cowichan Valley Sub-Area
Number of Bedrooms
The top three frequencies for number of bedrooms were ‘Three’ (45%), ‘Two’ (25%), and ‘Four’
(20%).
Number of Bedrooms
Number of Bedrooms
Number of Bedrooms
Number of Bedrooms Count % Rank
1 27 2% 5
2 307 25% 2
3 542 45% 1
4 242 20% 3
5 78 6% 4
6 13 1% 6
7 1 0.1% 7
8 1 0.1% 7
9 1 0.1% 7
10 1 0.1% 7
1,213 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 105 Source: Vancouver Island Real Estate Board Cowichan Valley Sub-Area
Number of Bathrooms
The top three frequencies for number of bathrooms were ‘Two’ (42%), ‘Three’ (32%), and ‘One’
(18%).
Number of Bathrooms
Number of Bathrooms
Number of Bathrooms
Number of Bathrooms Count % Rank
1 213 18% 3
2 510 42% 1
3 390 32% 2
4 79 7% 4
5 17 1% 5
6 2 0.2% 6
1,211 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 106 Source: Vancouver Island Real Estate Board Cowichan Valley Sub-Area
Exterior
The top three house exterior types were ‘Vinyl’ (24%), ‘Hardi Plank’ (22%), and ‘Stucco’ (18%).
Exterior
Exterior
Exterior Count % Rank
Vinyl 280 24% 1
Hardi Plank 254 22% 2
Stucco 210 18% 3
Wood 199 17% 4
Stucco & Siding 90 8% 5
Aluminum 50 4% 6
Stucco Wood 14 1.2% 7
Brick & Siding 13 1.1% 8
Wood Vinyl 11 0.9% 9
Other 10 0.9% 10
Wood Hardi Plank 9 0.8% 11
Stone Hardi Plank 7 0.6% 12
Stone Vinyl 6 0.5% 13
Brick Stucco 6 0.5% 13
Brick Vinyl 4 0.3% 15
1,163 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 107 Source: Vancouver Island Real Estate Board Cowichan Valley Sub-Area
Exterior
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 108 Source: Vancouver Island Real Estate Board Cowichan Valley Sub-Area
Parking
The top three parking features in the Board Area were ‘Garage-Double’ (49%), ‘Carport-Single’ (24%),
and ‘Garage-Single’ (18%).
Parking
Parking
Type of Parking Count % Rank
Garage-Double 434 49% 1
Carport-Single 209 24% 2
Garage-Single 159 18% 3
Garage-3 Or More 40 5% 4
Carport-Multiple 35 4% 5
Other 11 1% 6
888 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 109 Source: Vancouver Island Real Estate Board Cowichan Valley Sub-Area
Site Characteristics
The top three site characteristics were ‘View – Mountain’ (44%), ‘View – Ocean’ (33%), and ‘View –
Lake’ (10%).
Site Characteristics
Site Characteristics
Site Characteristics
Site Characteristics Count % Rank
View - Mountain 255 44% 1
View - Ocean 190 33% 2
View - Lake 56 10% 3
Waterfront - Ocean 32 6% 4
Waterfront - Lake 23 4% 5
Waterfront - River/Creek 20 3% 6
View - City 1 0.2% 7
577 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 110 Source: Vancouver Island Real Estate Board Cowichan Valley Sub-Area
Cowichan Valley Sub-Area – Typical Buyer
This table represents the highest frequency or most common value for each category, illustrating the
‘typical’ Buyer profile for 2014.
Description Mode %
Community Movement New to the community 69%
Years Lived in Same Community More than 20 years 47%
Years Away From Community3 to 5 , 6 to 10 , 11 to 15,
and More than 20 years21%
Buyer Origin Within same area 23%
Major Reason for Purchase Principal Residence 92%
First Time Purchase of Principal Residence
(Yes or No)No 87%
Used RRSP for Downpayment (Yes or No) No 66%
Purchased as Retirement Home (Yes or No) Yes 66%
How Buyers First Became Aware of PropertyMy REALTOR® supplied
PCS33%
How Buyers First Choose a REALTOR®Previously dealt with this
REALTOR®15.1%
Form of Agency Provided by REALTOR®Single Agency –
representing only buyer 72%
Selling Price Range $250,001 to $300,000 15%
Home Type Single Family 56%
Number of Bedrooms 3 45%
Number of Bathrooms 2 42%
Exterior Vinyl 24%
Parking Garage-Double 49%
Site Characteristics View - Mountain 44%
Information Category from Questionnaire Survey
Home Characteristics from corresponding MLS® data base
NANAIMO
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 112 Source: Vancouver Island Real Estate Board Nanaimo Sub-Area
Nanaimo Sub - Area – Information from Questionnaire Survey
Community Movement
The most common migration pattern of 2014 residential property buyers in the Nanaimo sub-area was
to move to a new community with 195 responses (47%), followed by ‘Moving to a new residence in the
same community’ with 185 responses (44%), and finally 37 responses (9%) indicated they were
‘Moving back to the community’.
Community Movement
Community Movement
Community Movement Count % Rank
New to the community 195 47% 1
Moving to a new residence in the same community 185 44% 2
Moving back to the community 37 9% 3
Board Area 417 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 113 Source: Vancouver Island Real Estate Board Nanaimo Sub-Area
Length of time lived in same community
For those respondents moving within the same community, the highest frequency response (37%) to the question of how long they had lived there was for the category of ‘More than 20 years’. The second highest frequency was 20%, for the ‘6 to 10 years’ category.
Years in the Community
Years in the Community
You have indicated that you are
moving to a new residence in the
same community. Please indicate
how many years you have lived in
this community.
Count % Rank
1 to 2 17 9% 5
3 to 5 31 17% 3
6 to 10 37 20% 2
11 to 15 22 12% 4
16 to 20 10 5% 6
More than 20 years 68 37% 1
Board Area 185 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 114 Source: Vancouver Island Real Estate Board Nanaimo Sub-Area
Moving Back to a Community after Time Away
For those Buyers moving back to a community after having lived elsewhere for some time, the
categories of ‘3 to 5 years’ and ‘6 to 10 years’ showed the highest frequency at 24% for the Nanaimo
sub-area. The second highest frequency was 19% for the ‘More than 20 years’ category.
Years in the Community
Years in the Community
You have indicated that
you are moving back to this
community. Please indicate
how many years you have
been away from this
community.
Count % Rank
1 to 2 3 8% 6
3 to 5 9 24% 1
6 to 10 9 24% 1
11 to 15 4 11% 5
16 to 20 5 14% 4
More than 20 years 7 19% 3
37 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 115 Source: Vancouver Island Real Estate Board Nanaimo Sub-Area
Buyer Origin
For Buyers of residential property, the primary Buyer origin for the Nanaimo sub-area (determined
from 417 responses) was ‘Within the same area’ (51%), followed by ‘Elsewhere on Vancouver Island’
(13%), and ‘Alberta’ (10%). When aggregated, Buyers originating from within B.C. totalled 80% of the
respondents, and those coming from Vancouver Island totalled 67%.
Buyer Origin
Buyer Origin
Moved from? Count % Rank
Within same area 213 51% 1
Elsewhere on Vancouver Island 54 13% 2
Alberta 40 10% 3
Vancouver 24 6% 4
Other B.C. 21 5% 5
Ontario 17 4% 6
Sask./Manitoba 17 4% 6
Greater Victoria 14 3% 8
Rest of World 9 2% 9
Fraser Valley 3 1% 10
Gulf Islands 3 1% 10
Other Canada 2 0.5% 12
417 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 116 Source: Vancouver Island Real Estate Board Nanaimo Sub-Area
Major Reason for Purchase
The major reason for residential property purchase in the Nanaimo sub-area was for ‘Principal
Residence’ with 95% of survey respondents choosing this option. The next highest category was
‘Investment / Rental’ at 2%.
Major Reason for Purchase
Major Reason for Purchase
Reason for Purchase Count % Rank
Principal Residence 395 95% 1
Investment/Rental 10 2% 2
Student Housing 5 1.2% 3
Recreation/Vacation 2 0.5% 5
Other 5 1.2% 3
Board Area 417 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 117 Source: Vancouver Island Real Estate Board Nanaimo Sub-Area
First-Time Purchase of Principal Residence (Yes or No)
‘First-time Buyers’ accounted for 20% of purchases made in the Nanaimo sub-area.
First-Time Purchase of Principal Residence
First-Time Purchase of Principal Residence
First Home? Count % Rank
Yes 81 20% 2
No 324 80% 1
405 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 118 Source: Vancouver Island Real Estate Board Nanaimo Sub-Area
Used RRSP for down payment (Yes or No)
The frequency of ‘First-time Buyers’ using RRSPs for a down payment in the Nanaimo sub-area was
43%, signifying that almost half of the ‘First-time Buyers’ within the Nanaimo sub-area use RRSPs for
their down payment.
Used RRSP for Down Payment
Used RRSP for Down Payment
Used RRSP for down payment Count % Rank
Yes 34 43% 2
No 45 57% 1
79 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 119 Source: Vancouver Island Real Estate Board Nanaimo Sub-Area
Purchased as Retirement Home (Yes or No)
The proportion of those buying their home for retirement purposes was 52%
Purchased as a Retirement Home
Purchased as a Retirement Home
Retirement Home Count % Rank
Yes 165 52% 1
No 154 48% 2
319 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 120 Source: Vancouver Island Real Estate Board Nanaimo Sub-Area
How Buyers First Became Aware of Property
The top three ways that Buyers became aware of the property were ‘My REALTOR® supplied PCS’
(40%), ‘Internet- REALTOR.ca site’ (25%), and ‘For Sale Sign’ (8%). As a matter of interest, the
Internet choices totalled 33% when added together, making ‘Internet Search’ the second highest
frequency choice for this category.
How Buyers First Became Aware of Property
How Buyers First Became Aware of Property
How Buyers First Became Aware of Property Count % Rank
My REALTOR® supplied PCS 167 40% 1
Internet– REALTOR.ca site 106 25% 2
For Sale sign 33 8% 3
Internet – other than REALTOR.ca site 30 7% 4
Contacted a Real Estate office 26 6% 5
Word of Mouth 19 5% 6
Real Estate Tabloid 9 2% 8
Open House 9 2% 8
Newspaper advertisement: Classified Ad 5 1% 10
Real Estate Kiosk in the Mall 1 0.2% 11
Other 12 3% 7
Board Area 417 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 121 Source: Vancouver Island Real Estate Board Nanaimo Sub-Area
How Buyers First Chose a REALTOR®
The top three ways that Buyers chose their REALTOR® were ‘Previously dealt with this REALTOR®’
(17%), followed by ‘REALTOR® was recommended by co-worker, associate or friend’ (15%), and
‘REALTOR® was recommended by my family or a relative’ (12.5%). It remains consistent that
REALTORS® depend primarily on referral-based advertising with 38% of REALTOR® business coming
from a recommendation.
How Buyers First Chose a REALTOR®
How Buyers First Chose a REALTOR®
Source of REALTOR® Count % Rank
Previously dealt with this REALTOR® 71 17% 1
REALTOR® was recommended by co-worker, associate or friend 64 15% 2
REALTOR® was recommended by my family or a relative 52 12.5% 3
REALTOR® is a friend or co-worker 49 11.8% 4
REALTOR® was recommended/referred by another REALTOR® 38 9% 5
Called the REALTOR® shown on a For Sale sign on property 31 7% 6
Internet-REALTOR® was the agent on listed property 18 4% 8
Attended an Open House 18 4% 8
REALTOR® is a family member 14 3.4% 10
Attended at a Real Estate office 11 2.6% 11
Called the REALTOR® shown on a newspaper or tabloid ad 6 1.4% 12
REALTOR® is a client or customer of your business 6 1.4% 12
REALTOR® spoke my language 5 1.2% 14
Recommended by Bank or Mortgage company 3 0.7% 15
Armed Forces Relocation service 2 0.5% 16
Real Estate Kiosk in the Mall 2 0.5% 16
Other 27 6% 7
Board Area 417 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 122 Source: Vancouver Island Real Estate Board Nanaimo Sub-Area
How Buyers First Chose a REALTOR®
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 123 Source: Vancouver Island Real Estate Board Nanaimo Sub-Area
What form of agency was provided by the REALTOR®
The most common form of agency used by Buyers was ‘Single Agency – representing only buyer’
(76%).
Form of Agency Provided by REALTOR®
Form of Agency Provided by REALTOR®
Agency Form Count % Rank
Single Agency – representing only buyer 318 76% 1
Dual Agency – representing both buyer and seller 67 16% 2
Don't know 32 8% 3
417 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 124 Source: Vancouver Island Real Estate Board Nanaimo Sub-Area
Nanaimo – Home characteristics from MLS ® data
Selling Price Range
For ease of interpretation, home selling prices were categorized into $50,000 increments up to $1
million. Above $1 million, prices were combined.
The top three categories for the Nanaimo area were $300,001-$350,000 (14.3%), $350,001-$400,000
(14.2%), and $250,001 to $300,000 (13.8%), totalling 42.3% of all sales.
Selling Price Range
Selling Price Range Count % Rank
$0 to $50,000 46 2.38% 11
$50,001 to $100,000 76 4% 9
$100,001 to $150,000 93 5% 8
$150,001 to $200,000 140 7% 6
$200,001 to $250,000 260 13.44% 4
$250,001 to $300,000 267 13.81% 3
$300,001 to $350,000 277 14.32% 1
$350,001 to $400,000 274 14.17% 2
$400,001 to $450,000 177 9% 5
$450,001 to $500,000 110 6% 7
$500,001 to $550,000 66 3% 10
$550,001 to $600,000 46 2.38% 11
$600,001 to $650,000 36 1.86% 13
$650,001 to $700,000 14 0.72% 14
$700,001 to $750,000 13 0.67% 15
$750,001 to $800,000 11 0.6% 16
$800,001 to $850,000 7 0.36% 18
$850,001 to $900,000 4 0.21% 20
$900,001 to $950,000 5 0.26% 19
$950,001 to $1,000,000 1 0.05% 21
Over $1,000,000 11 0.57% 16
1,934 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 125 Source: Vancouver Island Real Estate Board Nanaimo Sub-Area
Selling Price Range
Selling Price Range
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 126 Source: Vancouver Island Real Estate Board Nanaimo Sub-Area
Home Type
The top three home types were ‘Single-Family’ (61%), ‘Condominium (Apt)‘ (11%), and
‘Condominium (Twnhse)’ (9%).
Home Type
Home Type
Type of Home Count % Rank
Single Family 1,181 61% 1
Condominium (Apt) 221 11% 2
Condominium (Twnhse) 172 9% 3
Manufactured/Mobile On Pad 136 7% 4
Acreage With House 58 3.0% 5
Patio Home 54 2.8% 6
Single Family (Strata) 38 2% 7
Single Family (Waterfront) 29 1.5% 8
Duplex (Strata) 26 1.3% 9
Duplex 14 0.7% 10
Farm/Ranch 3 0.2% 11
Triplex/Fourplex 1 0.1% 12
Single Family (Modular/Prefab) 1 0.1% 12
1,934 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 127 Source: Vancouver Island Real Estate Board Nanaimo Sub-Area
Number of Bedrooms
The top three frequencies for number of bedrooms were ‘Three’ (35%), ‘Two’ (26%), and ‘Four’
(18%).
Number of Bedrooms
Number of Bedrooms
Number of Bedrooms
Number of Bedrooms Count % Rank
1 72 4% 5
2 510 26% 2
3 672 35% 1
4 348 18% 3
5 254 13% 4
6 62 3% 6
7 12 0.6% 7
8 0 0% 9
9 0 0% 9
10 0 0% 9
11 0 0% 9
12 1 0.1% 8
1,931 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 128 Source: Vancouver Island Real Estate Board Nanaimo Sub-Area
Number of Bathrooms
The top three frequencies for number of bathrooms were ‘Two’ (40%), ‘Three’ (35%), and ‘One’ (16).
Number of Bathrooms
Number of Bathrooms
Number of Bathrooms
Number of Bathrooms Count % Rank
1 307 16% 3
2 779 40% 1
3 680 35% 2
4 133 7% 4
5 18 1% 5
6 7 0.4% 6
1,924 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 129 Source: Vancouver Island Real Estate Board Nanaimo Sub-Area
Exterior
The top three house exterior types were ‘Vinyl’ (45%), ‘Wood’ (14%), and ‘Stucco’ (12%).
Exterior
Exterior
Exterior Count % Rank
Vinyl 834 45% 1
Wood 253 14% 2
Stucco 215 12% 3
Hardi Plank 187 10% 4
Stucco & Siding 113 6% 5
Aluminum 57 3% 6
Other 44 2.4% 7
Wood Vinyl 33 1.8% 8
Brick & Siding 30 1.6% 9
Brick Vinyl 22 1.2% 10
Stucco Wood 17 0.9% 11
Stone Vinyl 15 0.8% 12
Stone Hardi Plank 12 0.7% 13
Wood Hardi Plank 6 0.3% 14
Brick Stucco 6 0.3% 14
1,844 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 130 Source: Vancouver Island Real Estate Board Nanaimo Sub-Area
Exterior
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 131 Source: Vancouver Island Real Estate Board Nanaimo Sub-Area
Parking
The top three parking features in the Board Area were ‘Garage-Double’ (53%), ‘Carport-Single’ (21%),
and ‘Garage-Single’ (16%).
Parking
Parking
Type of Parking Count % Rank
Garage-Double 714 53% 1
Carport-Single 284 21% 2
Garage-Single 213 16% 3
Carport-Multiple 62 5% 4
Garage-3 Or More 38 3% 6
Other 48 3.5% 5
1,359 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 132 Source: Vancouver Island Real Estate Board Nanaimo Sub-Area
Site Characteristics
The top three site characteristics were ‘View – Ocean’ (53%), ‘View – Mountain’ (31%), and
‘Waterfront – Ocean (8%).
Site Characteristics
Site Characteristics
Site Characteristics
Site Characteristics Count % Rank
View - Ocean 402 53% 1
View - Mountain 236 31% 2
Waterfront - Ocean 61 8% 3
View - Lake 33 4% 4
Waterfront - Lake 13 2% 5
Waterfront - River/Creek 8 1% 6
View - City 3 0.4% 7
756 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 133 Source: Vancouver Island Real Estate Board Nanaimo Sub-Area
Nanaimo Sub-Area – Typical Buyer
This table represents the highest frequency or most common value for each category, illustrating the
‘typical’ Buyer profile for 2014.
Description Mode %
Community Movement New to the community 47%
Years Lived in Same Community More than 20 years 37%
Years Away From Community 3 to 5 and 6 to 10 24%
Buyer Origin Within same area 51%
Major Reason for Purchase Principal Residence 96%
First Time Purchase of Principal Residence
(Yes or No)No 80%
Used RRSP for Downpayment (Yes or No) No 57%
Purchased as Retirement Home (Yes or No) Yes 52%
How Buyers First Became Aware of PropertyMy REALTOR® supplied
PCS40%
How Buyers First Choose a REALTOR®Previously dealt with this
REALTOR®17%
Form of Agency Provided by REALTOR®Single Agency –
representing only buyer 76%
Selling Price Range $300,001 to $350,000 14.3%
Home Type Single Family 61%
Number of Bedrooms 3 35%
Number of Bathrooms 2 40%
Exterior Vinyl 45%
Parking Garage-Double 53%
Site Characteristics View - Ocean 53%
Information Category from Questionnaire Survey
Home Characteristics from corresponding MLS® data base
PARKSVILLE/QUALICUM
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 135 Source: Vancouver Island Real Estate Board Parksville/Qualicum Sub-Area
Parksville/Qualicum Sub - Area – Information from Questionnaire Survey
Community Movement
The most common migration pattern of 2014 residential property buyers of the Parksville /Qualicum
sub-area was to move to a new community with 210 responses (73%), followed by ‘Moving to a new
residence in the same community’ 67 responses (23%), and finally 11 responses (4%) indicated they
were ‘Moving back to the community’.
Community Movement
Community Movement
Community Movement Count % Rank
New to the community 210 73% 1
Moving to a new residence in the same community 67 23% 2
Moving back to the community 11 4% 3
Board Area 288 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 136 Source: Vancouver Island Real Estate Board Parksville/Qualicum Sub-Area
Length of time lived in same community
For those respondents moving within the same community, the highest frequency response (28%) to the question of how long they had lived there was for the category of ‘More than 20 years’. The second highest frequency was 21%, for the ‘6 to 10 years’ category.
Years in the Community
Years in the Community
You have indicated that you are
moving to a new residence in the
same community. Please indicate
how many years you have lived in
this community.
Count % Rank
1 to 2 5 7% 6
3 to 5 8 12% 5
6 to 10 14 21% 2
11 to 15 10 15% 4
16 to 20 11 16% 3
More than 20 years 19 28% 1
Board Area 67 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 137 Source: Vancouver Island Real Estate Board Parksville/Qualicum Sub-Area
Moving Back to a Community after Time Away
For those Buyers moving back to a community after having lived elsewhere for some time, the
category of ‘1 to 2 years’ showed the highest frequency at 45% for the Parksville / Qualicum sub-
area. The second highest frequency was 27%, for the ‘3 to 5 years’ category.
Years in the Community
Years in the Community
You have indicated that
you are moving back to this
community. Please indicate
how many years you have
been away from this
community.
Count % Rank
1 to 2 5 45% 1
3 to 5 3 27% 2
6 to 10 2 18% 3
11 to 15 0 0% 5
16 to 20 1 9% 4
More than 20 years 0 0% 5
11 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 138 Source: Vancouver Island Real Estate Board Parksville/Qualicum Sub-Area
Buyer Origin
For Buyers of residential property, the primary Buyer origin for the Parksville/Qualicum sub-area
(determined from 288 responses) was ‘Within the same area’ (24%), followed by ‘Alberta’ (22%),
then by ‘Elsewhere on Vancouver Island’ (15%). When aggregated, all Buyers originating from within
B.C. totalled 65% of the respondents, and those coming from Vancouver Island totalled 42%.
Buyer Origin
Buyer Origin
Moved from? Count % Rank
Within same area 68 24% 1
Alberta 63 22% 2
Elsewhere on Vancouver Island 42 15% 3
Other B.C. 30 10% 4
Vancouver 26 9% 5
Ontario 18 6% 6
Fraser Valley 11 4% 7
Greater Victoria 10 3% 8
Sask./Manitoba 10 3% 8
Rest of World 5 2% 10
Other Canada 4 1% 11
Gulf Islands 1 0.3% 12
All Others 288 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 139 Source: Vancouver Island Real Estate Board Parksville/Qualicum Sub-Area
Major Reason for Purchase
The major reason for residential property purchase in the Parksville/Qualicum sub-area was for
‘Principal Residence’ with 94% of survey respondents choosing this option. The next highest
category was ‘Recreation / Vacation’ at 2.1%.
Major Reason for Purchase
Major Reason for Purchase
Reason for Purchase Count % Rank
Principal Residence 270 94% 1
Recreation/Vacation 6 2.1% 2
Investment/Rental 5 1.7% 3
Student Housing 2 0.7% 5
Other 5 1.7% 3
Board Area 288 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 140 Source: Vancouver Island Real Estate Board Parksville/Qualicum Sub-Area
First-Time Purchase of Principal Residence (Yes or No)
‘First-time Buyers’ accounted for 6% of purchases made in the Parksville/Qualicum sub-area.
First-Time Purchase of Principal Residence
First-Time Purchase of Principal Residence
First Home? Count % Rank
Yes 16 6% 2
No 261 94% 1
277 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 141 Source: Vancouver Island Real Estate Board Parksville/Qualicum Sub-Area
Used RRSP for down payment (Yes or No)
The frequency of ‘First-time Buyers’ using RRSPs for a down payment in the Parksville/Qualicum sub-
area was 50%.
**FIRST TIME BUYER sample too small, not a representative sample**
Used RRSP for Down Payment
Used RRSP for Down Payment
Used RRSP for down payment Count % Rank
Yes 8 50% 1
No 8 50% 1
16 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 142 Source: Vancouver Island Real Estate Board Parksville/Qualicum Sub-Area
Purchased as Retirement Home (Yes or No)
The proportion of those buying their home for retirement purposes was 74%. Parksville/Qualicum
has one of the highest retirement home percentages within the VIREB Board Area.
Purchased as a Retirement Home
Purchased as a Retirement Home
Retirement Home Count % Rank
Yes 180 74% 1
No 64 26% 2
244 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 143 Source: Vancouver Island Real Estate Board Parksville/Qualicum Sub-Area
How Buyers First Became Aware of Property
The top three ways that Buyers became aware of the property were ‘My REALTOR® supplied PCS’
(37%), ‘Internet- REALTOR.ca site’ (24%), and ‘For Sale Sign’ (11%). As a matter of interest, the
Internet choices totalled 32% when added together, making ‘Internet Search’ the second highest
frequency choice for this category.
How Buyers First Became Aware of Property
How Buyers First Became Aware of Property
How Buyers First Became Aware of Property Count % Rank
My REALTOR® supplied PCS 106 37% 1
Internet– REALTOR.ca site 68 24% 2
For Sale sign 33 11% 3
Contacted a Real Estate office 26 9% 4
Internet – other than REALTOR.ca site 23 8% 5
Word of Mouth 12 4% 6
Open House 8 3% 7
Newspaper advertisement: Classified Ad 3 1.0% 9
Real Estate Tabloid 2 0.7% 10
Real Estate Kiosk in the Mall 0 0% 11
Other 7 2% 8
Board Area 288 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 144 Source: Vancouver Island Real Estate Board Parksville/Qualicum Sub-Area
How Buyers First Chose a REALTOR®
The top three ways that Buyers chose their REALTOR® were ‘Previously dealt with this REALTOR®’
and ‘REALTOR® was recommended by co-worker, associate or friend’ both at (15%), followed by
‘REALTOR® was recommended/referred by another REALTOR®’ (11%). It remains consistent that
REALTORS® depend primarily on referral-based advertising with 36% of REALTOR® business coming
from a recommendation.
How Buyers First Chose a REALTOR®
How Buyers First Chose a REALTOR®
Source of REALTOR® Count % Rank
Previously dealt with this REALTOR® 42 15% 1
REALTOR® was recommended by co-worker, associate or friend 42 15% 1
REALTOR® was recommended/referred by another REALTOR® 31 11% 3
Internet-REALTOR® was the agent on listed property 30 10.4% 4
REALTOR® was recommended by my family or a relative 28 9.7% 5
REALTOR® is a friend or co-worker 24 8.3% 7
Attended at a Real Estate office 22 7.6% 8
Called the REALTOR® shown on a For Sale sign on property 16 6% 9
Attended an Open House 15 5% 10
Called the REALTOR® shown on a newspaper or tabloid ad 5 2% 11
REALTOR® is a family member 4 1.4% 12
Recommended by Bank or Mortgage company 2 0.7% 13
REALTOR® spoke my language 1 0.3% 14
REALTOR® is a client or customer of your business 0 0.0% 15
Armed Forces Relocation service 0 0.0% 15
Real Estate Kiosk in the Mall 0 0.0% 15
Other 26 9% 6
Board Area 288 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 145 Source: Vancouver Island Real Estate Board Parksville/Qualicum Sub-Area
How Buyers First Chose a REALTOR®
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 146 Source: Vancouver Island Real Estate Board Parksville/Qualicum Sub-Area
What form of agency was provided by the REALTOR®
The most common form of agency used by Buyers was ‘Single Agency – representing only buyer’
(71%).
Form of Agency Provided by REALTOR®
Form of Agency Provided by REALTOR®
Agency Form Count % Rank
Single Agency – representing only buyer 205 71% 1
Dual Agency – representing both buyer and seller 63 22% 2
Don't know 20 7% 3
288 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 147 Source: Vancouver Island Real Estate Board Parksville/Qualicum Sub-Area
Parksville/Qualicum – Home characteristics from MLS ® data
Selling Price Range
For ease of interpretation, home selling prices were categorized into $50,000 increments up to $1
million. Above $1 million, prices were combined.
The top three categories for the Parksville/Qualicum were $300,001-$350,000 (18%), $350,000-
$400,001 (15%), and$250,000-$300,001 (11%), totalling 44% of all sales.
Selling Price Range
Selling Price Range Count % Rank
$0 to $50,000 14 1% 16
$50,001 to $100,000 36 3% 10
$100,001 to $150,000 41 3.7% 8
$150,001 to $200,000 49 4.5% 7
$200,001 to $250,000 90 8% 5
$250,001 to $300,000 119 11% 3
$300,001 to $350,000 199 18% 1
$350,001 to $400,000 164 15% 2
$400,001 to $450,000 115 10% 4
$450,001 to $500,000 79 7% 6
$500,001 to $550,000 41 3.7% 8
$550,001 to $600,000 35 3% 11
$600,001 to $650,000 25 2% 12
$650,001 to $700,000 25 2% 12
$700,001 to $750,000 15 1.4% 15
$750,001 to $800,000 11 1.0% 17
$800,001 to $850,000 9 0.8% 18
$850,001 to $900,000 6 0.5% 19
$900,001 to $950,000 2 0.2% 21
$950,001 to $1,000,000 3 0.3% 20
Over $1,000,000 19 2% 14
1,097 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 148 Source: Vancouver Island Real Estate Board Parksville/Qualicum Sub-Area
Selling Price Range
Selling Price Range
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 149 Source: Vancouver Island Real Estate Board Parksville/Qualicum Sub-Area
Home Type
The top three home types were ‘Single-Family’ (59%), ‘Patio Home’ (10%), and ‘Acreage with House’
(7%). This varies from the VIREB Board Area as a whole, whose top 3 home types were: ‘Single-
Family’ (60%), ‘Condominium (Apt)’ (7%), and ‘Condominium (Twnhse)’ (6.3%).
Home Type
Home Type
Type of Home Count % Rank
Single Family 647 59% 1
Patio Home 114 10% 2
Acreage With House 76 7% 3
Condominium (Apt) 62 6% 4
Single Family (Strata) 50 5% 6
Single Family (Waterfront) 48 4.4% 5
Manufactured/Mobile On Pad 48 4.4% 8
Condominium (Twnhse) 46 4.2% 6
Single Family (Modular/Prefab) 3 0.3% 10
Farm/Ranch 1 0.1% 9
Triplex/Fourplex 1 0.1% 10
Duplex (Strata) 1 0.1% 13
Duplex 0 0% 10
1,097 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 150 Source: Vancouver Island Real Estate Board Parksville/Qualicum Sub-Area
Number of Bedrooms
The top three frequencies for number of bedrooms were ‘Three’ (47%), ‘Two’ (33%), and ‘Four’
(12%).
Number of Bedrooms
Number of Bedrooms
Number of Bedrooms
Number of Bedrooms Count % Rank
1 37 3% 5
2 362 33% 2
3 519 47% 1
4 130 12% 3
5 41 4% 4
6 6 1% 6
7 1 0.1% 7
1,096 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 151 Source: Vancouver Island Real Estate Board Parksville/Qualicum Sub-Area
Number of Bathrooms
The top three frequencies for number of bathrooms were ‘Two’ (59%), ‘Three’ (23%), and ‘One’
(13%).
Number of Bathrooms
Number of Bathrooms
Number of Bathrooms
Number of Bedrooms Count % Rank
1 135 12% 3
2 617 57% 1
3 269 25% 2
4 57 5% 4
5 8 1% 5
6 2 0.2% 6
1,088 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 152 Source: Vancouver Island Real Estate Board Parksville/Qualicum Sub-Area
Exterior
The top three house exterior types were ‘Wood’ (30%), ‘Vinyl’ (22%), and ‘Hardi Plank’ (20%).
Exterior
Exterior
Exterior Count % Rank
Wood 318 30% 1
Vinyl 230 22% 2
Hardi Plank 213 20% 3
Stucco 139 13% 4
Stucco & Siding 32 3% 5
Aluminum 21 2.0% 6
Brick & Siding 19 1.8% 7
Stone Hardi Plank 18 1.7% 8
Wood Hardi Plank 13 1.2% 9
Brick Stucco 12 1.1% 10
Brick Vinyl 11 1.0% 11
Other 8 0.8% 12
Stucco Wood 8 0.8% 12
Wood Vinyl 6 0.6% 14
Stone Vinyl 4 0.4% 15
1,052 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 153 Source: Vancouver Island Real Estate Board Parksville/Qualicum Sub-Area
Exterior
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 154 Source: Vancouver Island Real Estate Board Parksville/Qualicum Sub-Area
Parking
The top three parking features in the Parksville/Qualicum were ‘Garage-Double’ (64%), ‘Carport-
Single’ (17%), and ‘Garage-Single’ (9%).
Parking
Parking
Type of Parking Count % Rank
Garage-Double 537 64% 1
Carport-Single 143 17% 2
Garage-Single 78 9% 3
Garage-3 Or More 50 6% 4
Carport-Multiple 19 2% 5
Other 9 1% 6
836 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 155 Source: Vancouver Island Real Estate Board Parksville/Qualicum Sub-Area
Site Characteristics
The top three site characteristics were ‘View – Ocean’ (48%), ‘View – Mountain’ (26%), and
‘Waterfront – Ocean (19%).
Site Characteristics
Site Characteristics
Site Characteristics
Site Characteristics Count % Rank
View - Ocean 153 48% 1
View - Mountain 82 26% 2
Waterfront - Ocean 60 19% 3
Waterfront - River/Creek 9 3% 4
View - City 7 2.2% 5
View - Lake 6 1.9% 6
Waterfront - Lake 4 1% 7
321 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 156 Source: Vancouver Island Real Estate Board Parksville/Qualicum Sub-Area
Parksville/Qualicum Sub-Area – Typical Buyer
This table represents the highest frequency or most common value for each category, illustrating the
‘typical’ Buyer profile for 2014.
Description Mode %
Community Movement New to the community 73%
Years Lived in Same Community More than 20 years 28%
Years Away From Community 1 to 2 45%
Buyer Origin Within same area 24%
Major Reason for Purchase Principal Residence 94%
First Time Purchase of Principal Residence
(Yes or No)No 94%
Used RRSP for Downpayment (Yes or No) Yes and No 50%
Purchased as Retirement Home (Yes or No) Yes 74%
How Buyers First Became Aware of PropertyMy REALTOR® supplied
PCS37%
How Buyers First Choose a REALTOR®
Previously dealt with this
REALTOR® and
REALTOR® was
recommended by co-
worker, associate or friend
15%
Form of Agency Provided by REALTOR®Single Agency –
representing only buyer 71%
Selling Price Range $300,001 to $350,000 18%
Home Type Single Family 59%
Number of Bedrooms 3 47%
Number of Bathrooms 2 57%
Exterior Wood 30%
Parking Garage-Double 64%
Site Characteristics View - Ocean 48%
Information Category from Questionnaire Survey
Home Characteristics from corresponding MLS® data base
PORT ALBERNI/WEST COAST
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 158 Source: Vancouver Island Real Estate Board Port Alberni/West Coast Sub-Area
Port Alberni/West Coast Sub - Area – Information from Questionnaire Survey
Community Movement
The most common migration pattern of 2014 residential property buyers of the Port Alberni /West
Coast sub-area was to move to a new community with 22 responses (55%), followed by ‘Moving to a
new residence in the same community’ 13 responses (33%), and finally 5 responses (13%) indicated
they were ‘Moving back to the community’.
Community Movement
Community Movement
Community Movement Count % Rank
New to the community 22 55% 1
Moving to a new residence in the same community 13 33% 2
Moving back to the community 5 13% 3
Board Area 40 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 159 Source: Vancouver Island Real Estate Board Port Alberni/West Coast Sub-Area
Length of time lived in same community
For those respondents moving within the same community, the highest frequency response (62%) to the question of how long they had lived there was for the category of ‘More than 20 years’. The second highest frequency was 15%, for the ‘6 to 10 years’ category.
Years in the Community
Years in the Community
You have indicated that you are
moving to a new residence in the
same community. Please indicate
how many years you have lived in
this community.
Count % Rank
1 to 2 1 8% 3
3 to 5 1 8% 3
6 to 10 2 15% 2
11 to 15 0 0% 6
16 to 20 1 8% 3
More than 20 years 8 62% 1
Board Area 13 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 160 Source: Vancouver Island Real Estate Board Port Alberni/West Coast Sub-Area
Moving Back to a Community after Time Away
For those Buyers moving back to a community after having lived elsewhere for some time, the
category of ‘11 to 15 years’ showed the highest frequency at 60% for the Port Alberni / West Coast
sub areas. The second highest frequency was 20%, for the ‘6 to 10 years’ and ’16 to 20 years’
category.
Years in the Community
Years in the Community
You have indicated that
you are moving back to this
community. Please indicate
how many years you have
been away from this
community.
Count % Rank
1 to 2 0 0% 4
3 to 5 0 0% 4
6 to 10 1 20% 2
11 to 15 3 60% 1
16 to 20 1 20% 2
More than 20 years 0 0% 4
5 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 161 Source: Vancouver Island Real Estate Board Port Alberni/West Coast Sub-Area
Buyer Origin
For Buyers of residential property, the primary Buyer origin for the Port Alberni/West Coast sub-area
(determined from 40 responses) was ‘Within the same area’ (33%), followed by ‘Elsewhere on
Vancouver Island’ (23%), and ‘Alberta’ / ‘Other B.C.’ (both at 13%). When aggregated, all Buyers
originating from within B.C. totalled 83% of the respondents, and those coming from Vancouver
Island totalled 60%.
Buyer Origin
Buyer Origin
Moved from? Count % Rank
Within same area 13 33% 1
Elsewhere on Vancouver Island 9 23% 2
Alberta 5 13% 3
Other B.C. 5 13% 3
Vancouver 2 5% 5
Greater Victoria 2 5% 5
Sask./Manitoba 2 5% 5
Gulf Islands 2 5% 5
Ontario 0 0% 9
Fraser Valley 0 0% 9
Rest of World 0 0% 9
Other Canada 0 0% 9
All Others 40 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 162 Source: Vancouver Island Real Estate Board Port Alberni/West Coast Sub-Area
Major Reason for Purchase
The major reason for residential property purchase in the Port Alberni/West Coast sub-area was for
‘Principal Residence’ with 85% of survey respondents choosing this option. The next highest
category was for ‘Investment / Rental’ at 8%.
Major Reason for Purchase
Major Reason for Purchase
Reason for Purchase Count % Rank
Principal Residence 34 85% 1
Investment/Rental 3 8% 2
Recreation/Vacation 2 5% 3
Student Housing 1 3% 4
Other 0 0% 5
Board Area 40 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 163 Source: Vancouver Island Real Estate Board Port Alberni/West Coast Sub-Area
First-Time Purchase of Principal Residence (Yes or No)
‘First-time Buyers’ accounted for 11% of purchases made in the Port Alberni/West Coast sub-area.
First-Time Purchase of Principal Residence
First-Time Purchase of Principal Residence
First Home? Count % Rank
Yes 4 11% 2
No 31 89% 1
35 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 164 Source: Vancouver Island Real Estate Board Port Alberni/West Coast Sub-Area
Used RRSP for down payment (Yes or No)
The frequency of ‘First-time Buyers’ using RRSPs for a down payment in the Port Alberni/West Coast
sub-area was 40%, signifying that the majority of the people within the Port Alberni/West Coast sub-
area do not use RRSPs for their down payment.
Used RRSP for Down Payment
Used RRSP for Down Payment
Used RRSP for down payment Count % Rank
Yes 2 40% 2
No 3 60% 1
5 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 165 Source: Vancouver Island Real Estate Board Port Alberni/West Coast Sub-Area
Purchased as Retirement Home (Yes or No)
The proportion of those buying their home for retirement purposes was 69%, up from 40% last year.
Purchased as a Retirement Home
Purchased as a Retirement Home
Retirement Home Count % Rank
Yes 20 69% 1
No 9 31% 2
29 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 166 Source: Vancouver Island Real Estate Board Port Alberni/West Coast Sub-Area
How Buyers First Became Aware of Property
The top three ways that Buyers became aware of the property were ’Contacted a Real Estate
Office’(30%), ‘My REALTOR® supplied PCS’ (23%), and ‘Internet- REALTOR.ca site’ (20%). As a matter
of interest, the Internet choices totalled 30% when added together, resulting in ‘Internet Search’
being tied for the highest frequency choice for this category.
How Buyers First Became Aware of Property
How Buyers First Became Aware of Property
How Buyers First Became Aware of Property Count % Rank
Contacted a Real Estate office 12 30% 1
My REALTOR® supplied PCS 9 23% 2
Internet– REALTOR.ca site 8 20% 3
For Sale sign 6 15% 4
Internet – other than REALTOR.ca site 4 10% 5
Word of Mouth 0 0% 7
Open House 0 0% 7
Newspaper advertisement: Classified Ad 0 0% 7
Real Estate Tabloid 0 0% 7
Real Estate Kiosk in the Mall 0 0% 7
Other 1 3% 6
Board Area 40 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 167 Source: Vancouver Island Real Estate Board Port Alberni/West Coast Sub-Area
How Buyers First Chose a REALTOR®
The top three ways that Buyers chose their REALTOR® were ‘Previously dealt with this REALTOR®’
(25%), followed by ‘Attended at a Real Estate office’ (15%) and ‘Internet-REALTOR® was the agent on
listed property’ and ‘REALTOR® was recommended by my family or a relative’ (13%). Interestingly in
the Port Alberni / West Coast sub-area both previous relationship and referral based means were
each 30% of where REALTOR® business is coming from.
How Buyers First Chose a REALTOR®
How Buyers First Chose a REALTOR®
Source of REALTOR® Count % Rank
Previously dealt with this REALTOR® 10 25% 1
Attended at a Real Estate office 6 15% 2
Internet-REALTOR® was the agent on listed property 5 13% 3
REALTOR® was recommended by my family or a relative 5 13% 3
REALTOR® was recommended/referred by another REALTOR® 4 10% 5
REALTOR® was recommended by co-worker, associate or friend 3 8% 6
REALTOR® is a friend or co-worker 2 5% 7
Called the REALTOR® shown on a For Sale sign on property 2 5% 7
Attended an Open House 1 3% 9
Called the REALTOR® shown on a newspaper or tabloid ad 1 3% 9
REALTOR® is a family member 0 0% 12
Recommended by Bank or Mortgage company 0 0% 12
REALTOR® spoke my language 0 0% 12
REALTOR® is a client or customer of your business 0 0% 12
Armed Forces Relocation service 0 0% 12
Real Estate Kiosk in the Mall 0 0% 12
Other 1 3% 9
Board Area 40 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 168 Source: Vancouver Island Real Estate Board Port Alberni/West Coast Sub-Area
How Buyers First Chose a REALTOR®
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 169 Source: Vancouver Island Real Estate Board Port Alberni/West Coast Sub-Area
What form of agency was provided by the REALTOR®
The most common form of agency used by Buyers was ‘Single Agency – representing only buyer’
(50%). This remains consistent with last year where single agency represented 49%.
Form of Agency Provided by REALTOR®
Form of Agency Provided by REALTOR®
Agency Form Count % Rank
Single Agency – representing only buyer 20 50% 1
Dual Agency – representing both buyer and seller 14 35% 2
Don't know 6 15% 3
40 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 170 Source: Vancouver Island Real Estate Board Port Alberni/West Coast Sub-Area
Port Alberni/West Coast – Home characteristics from MLS ® data
Selling Price Range
For ease of interpretation, home selling prices were categorized into $50,000 increments up to $1
million. Above $1 million, prices were combined.
The top three categories for the Port Alberni/West Coast sub-area were $200,001-$250,000 (22%),
$100,001-$150,000 (20%), and $150,001- $200,000 (19%). This is the reverse of the 2013 Buyer
profile where the top three categories were $150,001- $200,000 (20%), $100,001-$150,000 (18%),
$200,001-$250,000 (22%), totalling 55% of all sales.
Selling Price Range
Selling Price Range Count % Rank
$0 to $50,000 6 1.8% 8
$50,001 to $100,000 28 8% 5
$100,001 to $150,000 65 20% 2
$150,001 to $200,000 62 19% 3
$200,001 to $250,000 72 22% 1
$250,001 to $300,000 36 11% 4
$300,001 to $350,000 16 4.8% 6
$350,001 to $400,000 15 4.5% 7
$400,001 to $450,000 6 1.8% 8
$450,001 to $500,000 5 1.5% 10
$500,001 to $550,000 5 1.5% 10
$550,001 to $600,000 2 0.6% 14
$600,001 to $650,000 5 1.5% 10
$650,001 to $700,000 0 0.0% 19
$700,001 to $750,000 3 0.9% 13
$750,001 to $800,000 1 0.3% 15
$800,001 to $850,000 1 0.3% 15
$850,001 to $900,000 1 0.3% 15
$900,001 to $950,000 0 0.0% 19
$950,001 to $1,000,000 0 0.0% 19
Over $1,000,000 1 0.3% 15
330 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 171 Source: Vancouver Island Real Estate Board Port Alberni/West Coast Sub-Area
Selling Price Range
Selling Price Range
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 172 Source: Vancouver Island Real Estate Board Port Alberni/West Coast Sub-Area
Home Type
The top three home types were ‘Single-Family’ (74%), ‘Acreage with House’ (6%), and ‘Condominium
(Apt)’ (3.9%). This varies from the VIREB Board Area as a whole, whose top three home types are:
‘Single-Family’ (60%), ‘Condominium (Apt)’ (7%), and Condominium (Twnhse)’ (6.3%).
Home Type
Home Type
Type of Home Count % Rank
Single Family 244 74% 1
Acreage With House 20 6% 2
Condominium (Apt) 13 3.9% 3
Manufactured/Mobile On Pad 12 3.6% 4
Condominium (Twnhse) 12 3.6% 4
Single Family (Waterfront) 11 3% 6
Single Family (Strata) 5 2% 7
Duplex (Strata) 4 1.2% 8
Patio Home 4 1.2% 8
Triplex/Fourplex 2 0.6% 10
Duplex 1 0.3% 11
Single Family (Modular/Prefab) 1 0.3% 11
Farm/Ranch 1 0.3% 11
330 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 173 Source: Vancouver Island Real Estate Board Port Alberni/West Coast Sub-Area
Number of Bedrooms
The top three frequencies for number of bedrooms were ‘Three’ (44%), ‘Four’ (24%), and ‘Two’
(21%), which is a slight change from last year where the top three frequencies were ‘Three’ (40%),
‘Two’ (24%), and ‘Four’ (23%).
Number of Bedrooms
Number of Bedrooms
Number of Bedrooms
Number of Bedrooms Count % Rank
1 12 4% 5
2 67 21% 3
3 142 44% 1
4 77 24% 2
5 19 6% 4
6 1 0.3% 7
7 4 1% 6
8 1 0.3% 7
323 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 174 Source: Vancouver Island Real Estate Board Port Alberni/West Coast Sub-Area
Number of Bathrooms
The top three frequencies for number of bathrooms were ‘Two’ (44%), ‘One’ (37%), and ‘Three’
(16%).
Number of Bathrooms
Number of Bathrooms
Number of Bathrooms
Number of Bathrooms Count % Rank
1 120 37% 2
2 144 44% 1
3 52 16% 3
4 9 3% 4
5 0 0% 6
6 1 0.3% 5
326 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 175 Source: Vancouver Island Real Estate Board Port Alberni/West Coast Sub-Area
Exterior
The top three house exterior types were ‘Wood’ (27%), ‘Stucco’ (23%), and ‘Vinyl’ (22%).
Exterior
Exterior
Exterior Count % Rank
Wood 87 27% 1
Stucco 72 23% 2
Vinyl 69 22% 3
Stucco & Siding 33 10% 4
Hardi Plank 25 8% 5
Aluminum 12 4% 6
Other 8 3% 7
Brick Stucco 4 1.3% 8
Wood Vinyl 2 0.6% 9
Brick & Siding 2 0.6% 9
Stucco Wood 1 0.3% 11
Stone Hardi Plank 1 0.3% 11
Brick Vinyl 1 0.3% 11
Wood Hardi Plank 1 0.3% 11
Stone Vinyl 0 0% 15
318 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 176 Source: Vancouver Island Real Estate Board Port Alberni/West Coast Sub-Area
Exterior
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 177 Source: Vancouver Island Real Estate Board Port Alberni/West Coast Sub-Area
Parking
The top three parking features in the Port Alberni/West Coast were ‘Garage-Single’ (33%), ‘Carport-
Single’ (31%) and ‘Garage-Double’ (24%).
Parking
Parking
Type of Parking Count % Rank
Garage-Single 67 33% 1
Carport-Single 63 31% 2
Garage-Double 49 24% 3
Carport-Multiple 11 5% 4
Garage-3 Or More 8 4% 5
Other 6 3% 6
204 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 178 Source: Vancouver Island Real Estate Board Port Alberni/West Coast Sub-Area
Site Characteristics
The top three site characteristics were ‘View – Mountain’ (70%), ‘View – Ocean’ (18%), and
‘Waterfront – Ocean’ (8%).
Site Characteristics
Site Characteristics
Site Characteristics
Site Characteristics Count % Rank
View - Mountain 146 70% 1
View - Ocean 37 18% 2
Waterfront - Ocean 17 8% 3
Waterfront - Lake 4 2% 4
Waterfront - River/Creek 2 1% 5
View - City 1 0.5% 6
View - Lake 1 0.5% 6
208 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 179 Source: Vancouver Island Real Estate Board Port Alberni/West Coast Sub-Area
Port Alberni/West Coast Sub-Area – Typical Buyer
This table represents the highest frequency or most common value for each category, illustrating the
‘typical’ Buyer profile for 2014.
Description Mode %
Community Movement New to the community 55%
Years Lived in Same Community More than 20 years 62%
Years Away From Community 11 to 15 60%
Buyer Origin Within same area 33%
Major Reason for Purchase Principal Residence 85%
First Time Purchase of Principal Residence
(Yes or No)No 89%
Used RRSP for Downpayment (Yes or No) No 60%
Purchased as Retirement Home (Yes or No) Yes 69%
How Buyers First Became Aware of PropertyContacted a Real Estate
office30%
How Buyers First Choose a REALTOR®Previously dealt with this
REALTOR®25%
Form of Agency Provided by REALTOR®Single Agency –
representing only buyer 50%
Selling Price Range $200,001 to $250,000 22%
Home Type Single Family 74%
Number of Bedrooms 3 44%
Number of Bathrooms 2 44%
Exterior Wood 27%
Parking Garage-Single 33%
Site Characteristics View - Mountain 70%
Information Category from Questionnaire Survey
Home Characteristics from corresponding MLS® data base
NORTH ISLAND
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 181 Source: Vancouver Island Real Estate Board North Island Sub-Area
Readers are encouraged to treat the statistics in this section of the report with caution. Statistics based
on ten or fewer observations are typically omitted from reports for reasons of confidentiality, and the
resulting data is usually considered unreliable due to the small sample size. In the North Island sub-
area, there were only ten who responded to the Buyers' Survey, and accordingly the results in this zone
can only be said to represent the circumstances of those ten individual buyers, and not the zone in
general.
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 182 Source: Vancouver Island Real Estate Board North Island Sub-Area
North Island Sub - Area – Information from Questionnaire Survey
Community Movement
The most common migration pattern of 2014 residential property buyers of the North Island sub-area
was to move to a new community with five responses (50%), followed by ‘Moving to a new residence
in the same community’ four responses (40%), and finally one response (10%) indicated they were
‘Moving back to the community’.
Community Movement
Community Movement
Community Movement Count % Rank
New to the community 5 50% 1
Moving to a new residence in the same community 4 40% 2
Moving back to the community 1 10% 3
Board Area 10 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 183 Source: Vancouver Island Real Estate Board North Island Sub-Area
Length of time lived in same community
For those respondents moving within the same community, the highest frequency response (50%) to the question of how long they had lived there was for the category of ‘More than 20 years’. The second highest frequency was 25%, for the ‘6 to 10 years’ and ’11 to 15’ categories.
Years in the Community
Years in the Community
You have indicated that you are
moving to a new residence in the
same community. Please indicate
how many years you have lived in
this community.
Count % Rank
1 to 2 0 0% 4
3 to 5 0 0% 4
6 to 10 1 25% 2
11 to 15 1 25% 2
16 to 20 0 0% 4
More than 20 years 2 50% 1
Board Area 4 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 184 Source: Vancouver Island Real Estate Board North Island Sub-Area
Moving Back to a Community after Time Away
There was only one respondent who indicated he/she was moving back to a community after having
lived elsewhere for some time and was away from the community for ‘3 to 5 years’.
Years in the Community
Years in the Community
You have indicated that
you are moving back to this
community. Please indicate
how many years you have
been away from this
community.
Count % Rank
Less than one year 0 0% 2
1 to 2 0 0% 2
3 to 5 1 100% 1
6 to 10 0 0% 2
11 to 15 0 0% 2
16 to 20 0 0% 2
More than 20 years 0 0% 2
1 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 185 Source: Vancouver Island Real Estate Board North Island Sub-Area
Buyer Origin
For Buyers of residential property, the primary Buyer origin for the North Island sub-area
(determined from 10 responses) was ‘Elsewhere on Vancouver Island’ (50%), followed by ‘Within the
same area’ (40%).
Buyer Origin
Buyer Origin
Moved from? Count % Rank
Elsewhere on Vancouver Island 5 50% 1
Within same area 4 40% 2
Sask./Manitoba 1 10% 3
Alberta 0 0% 4
Other B.C. 0 0% 4
Vancouver 0 0% 4
Ontario 0 0% 4
Greater Victoria 0 0% 4
Fraser Valley 0 0% 4
Rest of World 0 0% 4
Other Canada 0 0% 4
Gulf Islands 0 0% 4
All Others 10 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 186 Source: Vancouver Island Real Estate Board North Island Sub-Area
Major Reason for Purchase
The major reason for residential property purchase in the North Island sub-area was for ‘Principal
Residence’ with 90% of survey respondents choosing this option.
Major Reason for Purchase
Major Reason for Purchase
Reason for Purchase Count % Rank
Principal Residence 9 90% 1
Recreation/Vacation 1 10% 2
Investment/Rental 0 0% 3
Student Housing 0 0% 3
Other 0 0% 3
Board Area 10 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 187 Source: Vancouver Island Real Estate Board North Island Sub-Area
First-Time Purchase of Principal Residence (Yes or No)
‘First-time Buyers’ accounted for 22% of purchases made in the North Island sub-area.
First-Time Purchase of Principal Residence
First-Time Purchase of Principal Residence
First Home? Count % Rank
Yes 2 22% 2
No 7 78% 1
9 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 188 Source: Vancouver Island Real Estate Board North Island Sub-Area
Used RRSP for down payment (Yes or No)
The frequency of ‘First-time Buyers’ using RRSPs for a down payment in the North Island sub-area
was 50%.
Used RRSP for Down Payment
Used RRSP for Down Payment
Used RRSP for down payment Count % Rank
Yes 1 50% 1
No 1 50% 1
2 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 189 Source: Vancouver Island Real Estate Board North Island Sub-Area
Purchased as Retirement Home (Yes or No)
The proportion of those buying their home for retirement purposes was 20%.
Purchased as a Retirement Home
Purchased as a Retirement Home
Retirement Home Count % Rank
Yes 1 20% 2
No 4 80% 1
5 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 190 Source: Vancouver Island Real Estate Board North Island Sub-Area
How Buyers First Became Aware of Property
The top three ways that Buyers became aware of the property were ‘Internet- REALTOR.ca site’
(40%), ‘For Sale Sign’ (20%), and ‘Contacted a Real Estate office’ (10%). As a matter of interest, the
Internet choices totalled 50% when added together, making ‘Internet Search’ the highest frequency
choice for this category.
How Buyers First Became Aware of Property
How Buyers First Became Aware of Property
How Buyers First Became Aware of Property Count % Rank
Internet– REALTOR.ca site 4 40% 1
For Sale sign 2 20% 2
Contacted a Real Estate office 1 10% 3
My REALTOR® supplied PCS 1 10% 3
Internet – other than REALTOR.ca site 1 10% 3
Word of Mouth 1 10% 3
Open House 0 0% 7
Newspaper advertisement: Classified Ad 0 0% 7
Real Estate Tabloid 0 0% 7
Real Estate Kiosk in the Mall 0 0% 7
Other 0 0% 7
Board Area 10 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 191 Source: Vancouver Island Real Estate Board North Island Sub-Area
How Buyers First Chose a REALTOR®
The top three ways that Buyers chose their REALTOR® were ‘Previously dealt with this REALTOR®’
(30%), followed by ‘Other’ (20%). It remains consistent that REALTORS® depend primarily on referral-
based advertising with 38% of REALTOR® business coming from a recommendation.
How Buyers First Chose a REALTOR®
How Buyers First Chose a REALTOR®
Source of REALTOR® Count % Rank
Previously dealt with this REALTOR® 3 30% 1
Internet-REALTOR® was the agent on listed property 1 10% 3
REALTOR® was recommended by my family or a relative 1 10% 3
REALTOR® is a friend or co-worker 1 10% 3
Called the REALTOR® shown on a For Sale sign on property 1 10% 3
REALTOR® is a client or customer of your business 1 10% 3
Attended at a Real Estate office 0 0% 8
REALTOR® was recommended/referred by another REALTOR® 0 0% 8
REALTOR® was recommended by co-worker, associate or friend 0 0% 8
Attended an Open House 0 0% 8
Called the REALTOR® shown on a newspaper or tabloid ad 0 0% 8
REALTOR® is a family member 0 0% 8
Recommended by Bank or Mortgage company 0 0% 8
REALTOR® spoke my language 0 0% 8
Armed Forces Relocation service 0 0% 8
Real Estate Kiosk in the Mall 0 0% 8
Other 2 20% 2
Board Area 10 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 192 Source: Vancouver Island Real Estate Board North Island Sub-Area
How Buyers First Chose a REALTOR®
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 193 Source: Vancouver Island Real Estate Board North Island Sub-Area
What form of agency was provided by the REALTOR®
The most common form of agency used by Buyers in the North Island sub-area was split 50%
between ‘Single Agency – representing only buyer’ and ‘Dual Agency – representing both buyer and
seller’.
Form of Agency Provided by REALTOR®
Form of Agency Provided by REALTOR®
Agency Form Count % Rank
Single Agency – representing only buyer 5 50% 1
Dual Agency – representing both buyer and seller 5 50% 1
Don't know 0 0% 3
10 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 194 Source: Vancouver Island Real Estate Board North Island Sub-Area
North Island – Home characteristics from MLS ® data
Selling Price Range
For ease of interpretation, home selling prices were categorized into $50,000 increments up to $1
million. Above $1 million, prices were combined.
The top three categories for the North Island were $150,001-$200,000 (22%), $50,001-$100,000
(19%), and $100,001 to $150,000 (15%) totalling 56% of all sales.
Selling Price Range
Selling Price Range Count % Rank
$0 to $50,000 16 13% 4
$50,001 to $100,000 24 19% 2
$100,001 to $150,000 19 15% 3
$150,001 to $200,000 28 22% 1
$200,001 to $250,000 16 13% 4
$250,001 to $300,000 10 8% 6
$300,001 to $350,000 5 4% 7
$350,001 to $400,000 2 2% 8
$400,001 to $450,000 2 2% 8
$450,001 to $500,000 1 1% 10
$500,001 to $550,000 1 1% 10
$550,001 to $600,000 0 0% 13
$600,001 to $650,000 1 1% 10
$650,001 to $700,000 0 0% 13
$700,001 to $750,000 0 0% 13
$750,001 to $800,000 0 0% 13
$800,001 to $850,000 0 0% 13
$850,001 to $900,000 0 0% 13
$900,001 to $950,000 0 0% 13
$950,001 to $1,000,000 0 0% 13
Over $1,000,0000 0 0% 13
125 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 195 Source: Vancouver Island Real Estate Board North Island Sub-Area
Selling Price Range
Selling Price Range
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 196 Source: Vancouver Island Real Estate Board North Island Sub-Area
Home Type
The top three home types were ‘Single Family’ (66%), ‘Condominium (Apt)’ (9%), and ‘Single Family
(Waterfront)’ (6.4%).
Home Type
Home Type
Type of Home Count % Rank
Single Family 82 66% 1
Condominium (Apt) 11 9% 2
Single Family (Waterfront) 8 6.4% 3
Condominium (Twnhse) 7 5.6% 4
Acreage With House 5 4% 5
Single Family (Strata) 4 3% 6
Manufactured/Mobile On Pad 4 3% 6
Patio Home 2 2% 8
Duplex (Strata) 1 1% 9
Single Family (Modular/Prefab) 1 1% 9
Duplex 0 0% 11
Farm/Ranch 0 0% 11
Triplex/Fourplex 0 0% 11
125 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 197 Source: Vancouver Island Real Estate Board North Island Sub-Area
Number of Bedrooms
The top three frequencies for number of bedrooms were ‘Three’ (48%), ‘Four’ (26%), and ‘Two’
(17%).
Number of Bedrooms
Number of Bedrooms
Number of Bedrooms
Number of Bedrooms Count % Rank
1 3 2% 5
2 21 17% 3
3 59 48% 1
4 32 26% 2
5 8 6% 4
6 1 1% 6
124 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 198 Source: Vancouver Island Real Estate Board North Island Sub-Area
Number of Bathrooms
The top three frequencies for number of bathrooms were ‘Two’ (51%), ‘Three’ (24%), and ‘One’
(22%).
Number of Bathrooms
Number of Bathrooms
Number of Bathrooms
Number of Bathrooms Count % Rank
1 27 22% 3
2 64 51% 1
3 30 24% 2
4 3 2% 4
5 1 1% 5
125 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 199 Source: Vancouver Island Real Estate Board North Island Sub-Area
Exterior
The top three house exterior types were ‘Wood’ (48%), ‘Vinyl’ (31%), and ‘Aluminum’ (7%).
Exterior
Exterior
Exterior Count % Rank
Wood 59 48% 1
Vinyl 38 31% 2
Aluminum 8 7% 3
Wood Vinyl 7 6% 4
Stucco 5 4% 5
Hardi Plank 5 4% 5
Stucco & Siding 1 1% 7
Other 0 0% 8
Stucco Wood 0 0% 8
Stone Vinyl 0 0% 8
Brick & Siding 0 0% 8
Stone Hardi Plank 0 0% 8
Brick Vinyl 0 0% 8
Wood Hardi Plank 0 0% 8
Brick Stucco 0 0% 8
123 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 200 Source: Vancouver Island Real Estate Board North Island Sub-Area
Exterior
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 201 Source: Vancouver Island Real Estate Board North Island Sub-Area
Parking
The top three parking features in the North Island sub-area were ‘Carport-Single’ (36%), ‘Garage-
Single’ (30%), and ‘Garage-Double’ (23%).
Parking
Parking
Type of Parking Count % Rank
Carport-Single 25 36% 1
Garage-Single 21 30% 2
Garage-Double 16 23% 3
Carport-Multiple 2 3% 5
Garage-3 Or More 2 3% 5
Other 3 4% 4
69 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 202 Source: Vancouver Island Real Estate Board North Island Sub-Area
Site Characteristics
The top three site characteristics were ‘View – Ocean’ (51%), ‘View – Mountain’ (36%), and
‘Waterfront – Ocean’ (13%).
Site Characteristics
Site Characteristics
Site Characteristics
Site Characteristics Count % Rank
View - Ocean 34 51% 1
View - Mountain 24 36% 2
Waterfront - Ocean 9 13% 3
View - City 0 0% 4
Waterfront - River/Creek 0 0% 4
Waterfront - Lake 0 0% 4
View - Lake 0 0% 4
67 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 203 Source: Vancouver Island Real Estate Board North Island Sub-Area
North Island Sub-Area – Typical Buyer
This table represents the highest frequency or most common value for each category, illustrating the
‘typical’ Buyer profile for 2014.
Description Mode %
Community Movement New to the community 50%
Years Lived in Same Community More than 20 years 50%
Years Away From Community 3 to 5 100%
Buyer Origin Elsewhere on Vancouver Island 50%
Major Reason for Purchase Principal Residence 90%
First Time Purchase of Principal Residence
(Yes or No)No 78%
Used RRSP for Downpayment (Yes or No) Yes and No 50%
Purchased as Retirement Home (Yes or No) No 80%
How Buyers First Became Aware of Property Internet– REALTOR.ca site 40%
How Buyers First Choose a REALTOR®Previously dealt with this
REALTOR®30%
Form of Agency Provided by REALTOR®
Single Agency – representing
only buyer and Dual Agency –
representing both buyer and
seller
50%
Selling Price Range $150,001 to $200,000 22%
Home Type Single Family 66%
Number of Bedrooms 3 48%
Number of Bathrooms 2 51%
Exterior Wood 48%
Parking Carport-Single 36%
Site Characteristics View - Ocean 51%
Information Category from Questionnaire Survey
Home Characteristics from corresponding MLS® data base
ISLANDS
Cormorant
Island
DeCourcey
Island
Denman Island
Discovery
Islands: Quadra,
Cortez,
Hernando, Read,
Maurelle,
Sonora, East
Thurlow, West
Thurlow, Stuart,
East Redonda,
West Redonda,
Rendezous
Gabriola Island
Galiano Island
Hornby Island
Jedediah Island
Kuper Island
Lasqueti Island
Mayne Island
Malcolm Island
Mudge Island
Newcastle Island
Pender Islands
North/South
Protection
Island
Prevost Island
Ruxton Island
Saltspring Island
Saturna Island
Stubbs Island
Savary Island
Texada Island
Thetis Island
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 205 Source: Vancouver Island Real Estate Board Islands Sub-Area
Islands Sub - Area – Information from Questionnaire Survey
Community Movement
The most common migration pattern of 2014 residential property buyers of the Islands sub-
area was ‘New to the community’ with 21 responses (78%), followed by ‘Moving to a new
residence in the same community’ four responses (15%), and finally two responses (7%)
indicated they were ‘Moving back to the community’.
Community Movement
Community Movement
Community Movement Count % Rank
New to the community 21 78% 1
Moving to a new residence in the same community 4 15% 2
Moving back to the community 2 7% 3
Board Area 27 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 206 Source: Vancouver Island Real Estate Board Islands Sub-Area
Length of time lived in same community
For those respondents moving within the same community, the highest frequency response (75%) to the question of how long they had lived there was for the category of ‘3 to 5 years’. The second highest frequency was 25%, for the ‘More than 20 years’ category.
Years in the Community
Years in the Community
You have indicated that you are
moving to a new residence in the
same community. Please indicate
how many years you have lived in
this community.
Count % Rank
1 to 2 0 0% 3
3 to 5 3 75% 1
6 to 10 0 0% 3
11 to 15 0 0% 3
16 to 20 0 0% 3
More than 20 years 1 25% 2
Board Area 4 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 207 Source: Vancouver Island Real Estate Board Islands Sub-Area
Moving Back to a Community after Time Away
There were only two respondents who indicated they were moving back to a community
after having lived elsewhere for some time and they were away from the community for
‘More than 20 years’.
Years in the Community
Years in the Community
You have indicated that
you are moving back to this
community. Please indicate
how many years you have
been away from this
community.
Count % Rank
1 to 2 0 0% 2
3 to 5 0 0% 2
6 to 10 0 0% 2
11 to 15 0 0% 2
16 to 20 0 0% 2
More than 20 years 2 100% 1
2 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 208 Source: Vancouver Island Real Estate Board Islands Sub-Area
Buyer Origin
For Buyers of residential property, the primary Buyer origin for the Islands sub-area
(determined from 27 responses) was ‘Vancouver’ (26%), followed by ‘Within the same area’
and ‘Elsewhere on Vancouver Island’ (both at 15%). When aggregated, Buyers originating
from within B.C. totalled 74%, and those coming from Vancouver Island totalled 30%.
Buyer Origin
Buyer Origin
Moved from? Count % Rank
Vancouver 7 26% 1
Within same area 4 15% 2
Elsewhere on Vancouver Island 4 15% 2
Alberta 3 11% 4
Other B.C. 3 11% 4
Fraser Valley 2 7% 6
Rest of World 2 7% 6
Ontario 1 4% 8
Sask./Manitoba 1 4% 8
Greater Victoria 0 0% 10
Other Canada 0 0% 10
Gulf Islands 0 0% 10
All Others 27 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 209 Source: Vancouver Island Real Estate Board Islands Sub-Area
Major Reason for Purchase
The major reason for residential property purchase in the Islands sub-area was for ‘Principal
Residence’ with 89% of survey respondents choosing this option. The next highest category
was ‘Recreation / Vacation’ at 7%.
Major Reason for Purchase
Major Reason for Purchase
Reason for Purchase Count % Rank
Principal Residence 24 89% 1
Recreation/Vacation 2 7% 2
Investment/Rental 1 4% 3
Student Housing 0 0% 4
Other 0 0% 4
Board Area 27 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 210 Source: Vancouver Island Real Estate Board Islands Sub-Area
First-Time Purchase of Principal Residence (Yes or No)
‘First-time Buyers’ accounted for 17% of purchases made in the Islands sub-area.
First-Time Purchase of Principal Residence
First-Time Purchase of Principal Residence
First Home? Count % Rank
Yes 4 17% 2
No 20 83% 1
24 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 211 Source: Vancouver Island Real Estate Board Islands Sub-Area
Used RRSP for down payment (Yes or No)
The frequency of ‘First-time Buyers’ using RRSPs for a down payment in the Islands sub-area
was 50%.
Used RRSP for Down Payment
Used RRSP for Down Payment
Used RRSP for down payment Count % Rank
Yes 2 50% 1
No 2 50% 1
4 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 212 Source: Vancouver Island Real Estate Board Islands Sub-Area
Purchased as Retirement Home (Yes or No)
The proportion of those buying their home for retirement purposes was 85%.
Purchased as a Retirement Home
Purchased as a Retirement Home
Retirement Home Count % Rank
Yes 17 85% 1
No 3 15% 2
20 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 213 Source: Vancouver Island Real Estate Board Islands Sub-Area
How Buyers First Became Aware of Property
The top three ways that Buyers became aware of the property were ‘My REALTOR® supplied
PCS’ (33%), ‘Internet- REALTOR.ca site’ (19%), and ‘For Sale Sign’ / ‘Contacted a Real Estate
office’ / ‘Internet – other than REALTOR.ca site’ (15%). As a matter of interest, the Internet
choices totalled 34% when added together, making ‘Internet Search’ the highest frequency
choice for this category.
How Buyers First Became Aware of Property
How Buyers First Became Aware of Property
How Buyers First Became Aware of Property Count % Rank
My REALTOR® supplied PCS 9 33% 1
Internet– REALTOR.ca site 5 19% 2
For Sale sign 4 15% 3
Contacted a Real Estate office 4 15% 3
Internet – other than REALTOR.ca site 4 15% 3
Word of Mouth 1 4% 6
Open House 0 0% 7
Newspaper advertisement: Classified Ad 0 0% 7
Real Estate Tabloid 0 0% 7
Real Estate Kiosk in the Mall 0 0% 7
Other 0 0% 7
Board Area 27 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 214 Source: Vancouver Island Real Estate Board Islands Sub-Area
How Buyers First Chose a REALTOR®
The top three ways that Buyers chose their REALTOR® were ‘Internet-REALTOR® was the
agent listed on the property’ (22%), followed by ‘Previously dealt with this REALTOR®’
(19%), and ‘REALTOR® was recommended by my family or a relative’ (15%). It remains
consistent that REALTORS® depend primarily on referral-based advertising with 38% of
REALTOR® business coming from a recommendation.
How Buyers First Chose a REALTOR®
How Buyers First Chose a REALTOR®
Source of REALTOR® Count % Rank
Internet-REALTOR® was the agent on listed property 6 22% 1
Previously dealt with this REALTOR® 5 19% 2
REALTOR® was recommended by my family or a relative 4 15% 3
REALTOR® was recommended by co-worker, associate or friend 3 11% 5
Called the REALTOR® shown on a For Sale sign on property 2 7% 6
REALTOR® is a friend or co-worker 1 4% 7
Attended at a Real Estate office 1 4% 7
REALTOR® was recommended/referred by another REALTOR® 1 4% 7
REALTOR® is a client or customer of your business 0 0% 10
Attended an Open House 0 0% 10
Called the REALTOR® shown on a newspaper or tabloid ad 0 0% 10
REALTOR® is a family member 0 0% 10
Recommended by Bank or Mortgage company 0 0% 10
REALTOR® spoke my language 0 0% 10
Armed Forces Relocation service 0 0% 10
Real Estate Kiosk in the Mall 0 0% 10
Other 4 15% 3
Board Area 27 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 215 Source: Vancouver Island Real Estate Board Islands Sub-Area
How Buyers First Chose a REALTOR®
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 216 Source: Vancouver Island Real Estate Board Islands Sub-Area
What form of agency was provided by the REALTOR®
The most common form of agency used by Buyers was ‘Dual Agency representing both buyer
and seller’ (59%).
Form of Agency Provided by REALTOR®
Form of Agency Provided by REALTOR®
Agency Form Count % Rank
Single Agency – representing only buyer 11 41% 2
Dual Agency – representing both buyer and seller 16 59% 1
Don't know 0 0% 3
27 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 217 Source: Vancouver Island Real Estate Board Islands Sub-Area
Islands – Home characteristics from MLS ® data
Selling Price Range
For ease of interpretation, home selling prices were categorized into $50,000 increments up
to $1 million. Above $1 million, prices were combined.
The top three categories for the Islands sub-area were $200,001-$250,000 (17%) $300,001-
$350,000 and $150,001 to $200,000 both at (13%) totalling 43% of all sales.
Selling Price Range
Selling Price Range Count % Rank
$0 to $50,000 0 0% 19
$50,001 to $100,000 4 2.4% 11
$100,001 to $150,000 7 4% 8
$150,001 to $200,000 22 13% 2
$200,001 to $250,000 28 17% 1
$250,001 to $300,000 17 10% 4
$300,001 to $350,000 22 13% 2
$350,001 to $400,000 15 9% 5
$400,001 to $450,000 14 8% 6
$450,001 to $500,000 8 5% 7
$500,001 to $550,000 7 4% 8
$550,001 to $600,000 5 3% 10
$600,001 to $650,000 3 1.8% 13
$650,001 to $700,000 2 1.2% 14
$700,001 to $750,000 2 1.2% 14
$750,001 to $800,000 2 1.2% 14
$800,001 to $850,000 2 1.2% 14
$850,001 to $900,000 1 0.6% 18
$900,001 to $950,000 0 0% 19
$950,001 to $1,000,000 0 0% 19
Over $1,000,000 4 2.4% 11
165 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 218 Source: Vancouver Island Real Estate Board Islands Sub-Area
Selling Price Range
Selling Price Range
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 219 Source: Vancouver Island Real Estate Board Islands Sub-Area
Home Type
The top three home types were ‘Single-Family’ (42%), ‘Acreage with House’ (38%), and
‘Single-Family (Waterfront)’ (18%).
Home Type
Home Type
Type of Home Count % Rank
Single Family 70 42% 1
Acreage With House 62 38% 2
Single Family (Waterfront) 29 18% 3
Single Family (Strata) 0 0% 5
Condominium (Apt) 4 2% 4
Patio Home 0 0% 5
Manufactured/Mobile On Pad 0 0% 5
Condominium (Twnhse) 0 0% 5
Duplex (Strata) 0 0% 5
Duplex 0 0% 5
Single Family (Modular/Prefab) 0 0% 5
Farm/Ranch 0 0% 5
Triplex/Fourplex 0 0% 5
165 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 220 Source: Vancouver Island Real Estate Board Islands Sub-Area
Number of Bedrooms
The top three frequencies for number of bedrooms were ‘Two’ (36%), ‘Three’ (33%), and
‘Four’ (14.2%).
Number of Bedrooms
Number of Bedrooms
Number of Bedrooms
Number of Bedrooms Count % Rank
1 22 13.6% 4
2 59 36% 1
3 53 33% 2
4 23 14.2% 3
5 4 2% 5
6 1 0.6% 6
162 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 221 Source: Vancouver Island Real Estate Board Islands Sub-Area
Number of Bathrooms
The top three frequencies for number of bathrooms were ‘Two’ (43%), ‘One’ (38%), and
‘Three’ (15%).
Number of Bathrooms
Number of Bathrooms
Number of Bathrooms
Number of Bathrooms Count % Rank
1 61 38% 2
2 68 43% 1
3 24 15% 3
4 5 3% 4
5 1 1% 5
159 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 222 Source: Vancouver Island Real Estate Board Islands Sub-Area
Exterior
The top three house exterior types were ‘Wood’ (79%), ‘Vinyl’ (11%) and ‘Hardi Plank’ (3%).
Exterior
Exterior
Exterior Count % Rank
Wood 127 79% 1
Vinyl 18 11% 2
Hardi Plank 5 3% 3
Other 4 2.5% 4
Stucco 3 1.9% 5
Aluminum 3 1.9% 5
Wood Vinyl 1 1% 7
Stucco & Siding 0 0% 8
Stucco Wood 0 0% 8
Stone Vinyl 0 0% 8
Brick & Siding 0 0% 8
Stone Hardi Plank 0 0% 8
Brick Vinyl 0 0% 8
Wood Hardi Plank 0 0% 8
Brick Stucco 0 0% 8
161 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 223 Source: Vancouver Island Real Estate Board Islands Sub-Area
Exterior
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 224 Source: Vancouver Island Real Estate Board Islands Sub-Area
Parking
The top three parking features in the Islands sub-area were ‘Garage-Single’ (36%), ‘Garage-
Double’ (32%), and ‘Carport-Single’ (23%).
Parking
Parking
Type of Parking Count % Rank
Garage-Single 19 36% 1
Garage-Double 17 32% 2
Carport-Single 12 23% 3
Carport-Multiple 2 4% 4
Garage-3 Or More 2 4% 4
Other 1 2% 6
53 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 225 Source: Vancouver Island Real Estate Board Islands Sub-Area
Site Characteristics
The top three site characteristics were ‘Waterfront – Ocean’ (48%), ‘View –Ocean’ (42%),
and ‘Waterfront – Lake’ (6%).
Site Characteristics
Site Characteristics
Site Characteristics
Site Characteristics Count % Rank
Waterfront - Ocean 37 48% 1
View - Ocean 32 42% 2
Waterfront - Lake 5 6% 3
View - Mountain 2 3% 4
Waterfront - River/Creek 1 1% 5
View - Lake 0 0% 6
View - City 0 0% 6
77 100%
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 226 Source: Vancouver Island Real Estate Board Islands Sub-Area
Islands Sub-Area – Typical Buyer
This table represents the highest frequency or most common value for each category,
illustrating the ‘typical’ Buyer profile for 2014.
Description Mode %
Community Movement New to the community 78%
Years Lived in Same Community 3 to 5 75%
Years Away From Community More than 20 years 100%
Buyer Origin Vancouver 26%
Major Reason for Purchase Principal Residence 89%
First Time Purchase of Principal Residence
(Yes or No)No 83%
Used RRSP for Downpayment (Yes or No) Yes and No 50%
Purchased as Retirement Home (Yes or No) Yes 85%
How Buyers First Became Aware of PropertyMy REALTOR® supplied
PCS33%
How Buyers First Choose a REALTOR®
Internet-REALTOR® was
the agent on listed
property
22%
Form of Agency Provided by REALTOR®
Dual Agency –
representing both buyer
and seller
59%
Selling Price Range $200,001 to $250,000 17%
Home Type Single Family 42%
Number of Bedrooms 2 36%
Number of Bathrooms 2 43%
Exterior Wood 79%
Parking Garage-Single 36%
Site Characteristics Waterfront - Ocean 48%
Information Category from Qustionnaire Survey
Home Charactersitics from corresponding MLS® data base
Vancouver Island Real Estate Board
2014 Buyer Report
2012 - 2014 Data Comparisons
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 228 Source: Vancouver Island Real Estate Board Data Comparisons
Survey Data Comparisons from 2012 -2014
Questionnaire Survey Data analyzed in the past three Buyer Profiles are summarized in the following table:
Overall, the total questionnaire response rate for the entire Board Area has been very similar for the past
three years, ranging from 21.5% to 25.6%. When comparing among the various areas, we see slight-up-and-
down variations in year-to-year responses (see figure below), which is to be expected since the data records
are much smaller in number for each area compared to the entire Board Area.
For all three years there are a few consistent patterns, namely:
The Parksville/Qualicum sub-area had the highest survey response (three-year average = 29.8%)
All sub-areas saw a decrease in response rate in 2014 except for the North Island and Islands sub-
areas, which had a 4.5% and 3.6% increase respectively.
Parksville/Qualicum response rate has consistently declined over the past three years, declining
1.6% from 2012 to 2013 and 4.4% from 2013 to 2014.
The North Island sub-area had the lowest three-year average response of 6.6%; therefore, survey
results were not analyzed in further detail for any year.
2012 2013 2014Three Year
Average
Questionnaire Mail
Outs5,667 6,155 6,820 6,214
Completed
Questionnaires1,448 1,523 1,465 1,479
Total Responses
(%)25.6 24.7 21.5 23.9
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 229 Source: Vancouver Island Real Estate Board Data Comparisons
Time Resident in Community Prior to Purchase 2012 – 2014
In the surveys sent out for the years 2012 and 2013, the question for ‘Time Resident in Community
Prior to Purchase’ was asked as a single question. On the 2014 survey, the question was divided into
two parts, to increase the accuracy of segmenting the participants and results. The first part of the
question was ‘How many years have you lived in the same community’. This isolated those
respondents who were moving to a new residence within the same community. The second part of
the question was ‘How many years have you been away from the community’. This isolated those
respondents who were moving back to a community after having lived elsewhere for a time. Due to
the difference of these questions from previous years, it is not accurate to do a direct comparison;
however, the data has been displayed on the same table for transitional purposes and to view the
evolution of data.
The ‘Time Resident in Community Prior to Purchase’ trends (top three frequencies for each of the
past three years) are shown in the table below. A few obvious trends in the Board Area are:
The most common category (Board Area 46% - 49%) for all 2012 - 2013 and in all sub-areas (except
Port Alberni/West Coast in 2012) was ‘Less than one year’.
From 2012 to 2013, the second most common category (Board Area 17%-19%) was ‘20+ years’.
In 2014, for those who are moving within the same community and asked how long they have lived
in this community, the most common category was ‘More than 20 years’, except in the Islands sub-
area.
2012 2013 2014 2014
Same Community Time Away
< 1 46% < 1 49% More than 20 years 36% 6 to 10 24%
More than 20 years 19% More than 20 years 17% 6 to 10 20% 3 to 5 19%
5 to 10 11% 6 to 10 9% 3 to 5 15% More than 20 years 18%
< 1 40% < 1 36% More than 20 years 39% 1 to 2 and 16 to 20 25%
More than 20 years 29% More than 20 years 29% 3 to 5 20% 6 to 10 and 3 to 5 17%
2 to 5 and 10 to 15 8% 16 to 20 9.3% 6 to 10 19%11 to 15 and More
than 20 years8%
< 1 46% < 1 48% More than 20 years 30% 6 to 10 39%
More than 20 years 16% More than 20 years 17% 6 to 10 21% More than 20 years 28%
2 to 5 12% 6 to 10 10% 3 to 5 18% 1 to 2 and 16 to 20 11%
< 1 56% < 1 57% More than 20 years 47%
3 to 5 and 6 to 10
and 11 to 15 and
More than 20 years
21%
More than 20 years 20% More than 20 years 14% 6 to 10 19% 1 to 2 17%
5 to 10 7% 3 to 5, 6 to 10 7% 1 to 2 14% N/A 0%
< 1 35% < 1 36% More than 20 years 37% 3 to 5 and 6 to 10 24%
More than 20 years 22% More than 20 years 21% 6 to 10 20% More than 20 years 19%
5 to 10 14% 6 to 10 11% 3 to 5 17% 16 to 20 14%
< 1 64% < 1 69% More than 20 years 28% 1 to 2 45%
More than 20 years 10% 6 to 10 8% 6 to 10 21% 3 to 5 27%
5 to 10 8% More than 20 years 6% 16 to 20 16% 6 to 10 18%
More than 20 years 40% < 1 40% More than 20 years 62% 11 to 15 60%
< 1 20% More than 20 years 30% 6 to 10 15% 6 to 10 20%
5 to 10 16% 1 to 2 13%1 to 2, 3 to 5, and 16
to 208% 16 to 20 20%
< 1 78% < 1 88% 3 to 5 75% More than 20 years 100%
5 to 10, 20+, 15 to 20, 1
to 2, all6% 3 to 5, 11 to 15 6% More than 20 years 25% N/A 0%
N/A N/A N/A 0% N/A 0%
Islands
Port Alberni / West
Coast
Board Area
Campbell River
Comox Valley
Cowichan Valley
Nanaimo
Parksville / Qualicum
North Island
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 230 Source: Vancouver Island Real Estate Board Data Comparisons
Buyer Origin 2012 – 2014
The ‘Buyer Origin’ trends (i.e., top three frequencies for each of the past three years) are shown in
the table below. A few obvious trends are:
For the entire Board Area, the top three categories remained the same (Within same area, Elsewhere on Vancouver Island and Alberta), with very similar frequencies over the three-year period and totalled 62% - 65% of all origin categories.
The most common category, ‘Within same area’, remained the same for all three years for all Areas, except the Islands where there is an increasing trend of Vancouver origin (Vancouver at 22% in 2012, Vancouver at 24% in 2013, and Vancouver at 26% in 2014) and Parksville/Qualicum sub-area (Elsewhere on Vancouver Island 18.3% in 2013).
The most variation over the three years occurred in the Port Alberni/West Coast and Islands sub-areas, due to the smaller data sets.
Within Same Area 38% Within Same Area 36% Within Same Area 36%
Elsewhere on Vancouver
Island17%
Elsewhere on Vancouver
Island15% Alberta 14.4%
Alberta 10% Alberta 11%Elsewhere on
Vancouver Island14.0%
Within Same Area 42% Within Same Area 44% Within Same Area 44%
Elsewhere on Vancouver
Island24%
Elsewhere on Vancouver
Island13%
Elsewhere on
Vancouver Island13%
Other B.C. 9% Other B.C. 12% Alberta 10%
Within Same Area 34% Within Same Area 36% Within Same Area 35%
Elsewhere on Vancouver
Island14%
Elsewhere on Vancouver
Island11% Alberta 18%
Alberta 11% Alberta 11%Elsewhere on
Vancouver Island10%
Within Same Area 34% Within Same Area 30% Within Same Area 23%
Elsewhere on Vancouver
Island20%
Elsewhere on Vancouver
Island18%
Elsewhere on
Vancouver Island17%
Other B.C. 10% Alberta 10% Alberta 14%
Within Same Area 49% Within Same Area 47% Within Same Area 51%
Elsewhere on Vancouver
Island15%
Elsewhere on Vancouver
Island14%
Elsewhere on
Vancouver Island13%
Alberta 8% Other B.C. 9% Alberta 10%
Within Same Area 24%Elsewhere on Vancouver
Island18.3% Within Same Area 24%
Elsewhere on Vancouver
Island17% Within Same Area 17.9% Alberta 22%
Alberta 14% Alberta 16.6%Elsewhere on
Vancouver Island15%
Within Same Area 60% Within Same Area 37% Within Same Area 33%
Elsewhere on Vancouver
Island16%
Elsewhere on Vancouver
Island21%
Elsewhere on
Vancouver Island23%
Other B.C. 11% Vancouver 10% Other B.C. and Alberta 13%
Vancouver 22% Vancouver 24% Vancouver 26%
Elsewhere on Vancouver
Island22% Within Same Area 11.8% Within Same Area 15%
Within Same Area 17%Elsewhere on Vancouver
Island11.8%
Elsewhere on
Vancouver Island15%
2014
Islands
2012 2013
Board Area
Campbell River
Comox Valley
Cowichan Valley
Nanaimo
Parksville / Qualicum
Port Alberni / West
Coast
North Island
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 231 Source: Vancouver Island Real Estate Board Data Comparisons
Major Reason for Purchase
The ‘Major Reason for Purchase’ trends (top three frequencies for each of the past three years) are shown in the table below. A few obvious trends are:
The most common category in the Board Area for all three years, and in all areas, was ‘Principal Residence’ ranging from 94% - 96%.
The second most common category (2%) for all three years was ‘Investment/Rental’ for the Board Area.
The third most common category (1%-2%) was ‘Recreation/Vacation’ / ‘Other’ for the Board Area.
The most common category for all areas for all three years was ‘Principal Residence’. For specific areas, the second and third categories varied from the overall Board Area, over all three years, with no obvious trends apparent.
For the 2014 Survey ‘Student Housing’ was a new option.
Principal Residence 96% Principal Residence 96% Principal Residence 94%
2014 VIREB Buyer Profile 232 Source: Vancouver Island Real Estate Board Data Comparisons
First-Time Purchase of Principal Residence 2012 – 2014
The ‘First-Time Purchase of Principal Residence’ trends (Yes or No frequencies for each of the past
three years) are shown in the table below. A few obvious trends are:
The most common category (frequencies from 75% to 94%) for all three years and in all sub-
areas was ‘No’.
These trends were relatively unchanged for all areas over the past three years, with minimal
variation, except for the Islands sub-area which had the largest change, ranging from 78% to
93%, likely due to the smaller data sets.
The Parksville/Qualicum sub-area had the highest three-year average of the ‘No’ frequency,
averaging 93%.
The Campbell River, Nanaimo, and Port Alberni/West Coast sub-areas had the highest three-year
average ‘Yes’ frequency, averaging 22%, 20%, and 18% respectively.
2012 2013 2014Three-Year
Average
No 84% No 84% No 85% 84%
Yes 16% Yes 16% Yes 15% 16%
No 81% No 78% No 76% 78%
Yes 19% Yes 22% Yes 24% 22%
No 85% No 85% No 89% 86%
Yes 15% Yes 15% Yes 11% 14%
No 85% No 85% No 87% 86%
Yes 15% Yes 15% Yes 13% 14%
No 78% No 81% No 80% 80%
Yes 22% Yes 19% Yes 20% 20%
No 93% No 91% No 94% 93%
Yes 7% Yes 9% Yes 6% 7%
No 81% No 75% No 89% 82%
Yes 19% Yes 25% Yes 11% 18%
No 93% No 78% No 83% 85%
Yes 7% Yes 22% Yes 17% 15%Islands
Port Alberni / West Coast
Board Area
Campbell River
Comox Valley
Cowichan Valley
Nanaimo
Parksville / Qualicum
North Island
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 233 Source: Vancouver Island Real Estate Board Data Comparisons
Used RRSP for Down payment 2012 - 2014
The 2014 survey incorporated skip logic into the survey, ensuring only first-time buyers answered this question. This results in increased accuracy of responses and those answering ‘Yes’ increased between 20% to 40%, as there were fewer responses and they were limited to only first-time buyers.
The ‘Used RRSP for Down payment’ trends (Yes or No frequencies for each of the past three years)
are shown in the table below. A few obvious trends are:
The most common category was ‘No’ for all three years and in all sub-areas, with three-year average frequencies from 74% to 82%.
The category ‘No’ ranged from 50% to 100% over all three years in all sub-areas.
The Comox Valley sub-area had the highest average ‘Yes’ frequency, with a three-year average of 26%.
Three-Year
Average
No 88% No 89% No 58% 78%
Yes 12% Yes 11% Yes 42% 22%
No 90% No 89% No 62% 80%
Yes 10% Yes 11% Yes 38% 20%
No 83% No 88% No 52% 74%
Yes 17% Yes 12% Yes 48% 26%
No 90% No 89% No 66% 82%
Yes 10% Yes 11% Yes 34% 18%
No 86% No 90% No 57% 78%
Yes 14% Yes 10% Yes 43% 22%
No 93% No 89% No 50% 77%
Yes 7% Yes 11% Yes 50% 23%
No 91% No 92% No 60% 81%
Yes 9% Yes 8% Yes 40% 19%
No 100% No 89% No 50% 80%
Yes 0% Yes 11% Yes 50% 20%
2012 2013 2014
Islands
Parksville /
Qualicum
Port Alberni / West
Coast
Board Area
Campbell River
Comox Valley
Cowichan Valley
Nanaimo
North Island
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 234 Source: Vancouver Island Real Estate Board Data Comparisons
Purchased as Retirement Home 2012 -2014
In 2014 skip logic was incorporated into the survey and, therefore, the question regarding retirement residence only included those who have indicated they purchased their home as a ‘Principal Residence’, ‘Housing for self or family member attending a learning institution’, and ‘Other’. Those who purchased a home for ‘Recreation / Vacation’ and ‘Investment / Rental’ purposes did not answer this question. This provides more accurate and specific segments and results in a higher trend of ‘Yes’.
The ‘Purchased as Retirement Home’ trends (i.e., Yes or No frequencies for each of the past three
years) are shown in the table below. A few obvious trends are:
The category ‘No’, for the Board Area has decreased in frequency since 2012 from 52% to 40% in 2014, a 12% dip.
The Nanaimo and Islands sub-areas are decreasing in the ‘No’ frequency from 63% to 48% and 59% to 15%.
In contrast to all other areas, the Cowichan Valley and Parksville/Qualicum sub-areas had more homes ‘Purchased for Retirement’ on average, with a three-year average of 56% and 68% respectively.
2012 2013 2014Three-Year
Average
No 52% Yes 51% Yes 60% No 47%
Yes 48% No 49% No 40% Yes 53%
No 51% No 56% No 56% No 54%
Yes 49% Yes 44% Yes 44% Yes 46%
No 55% No 51% Yes 55% No 50%
Yes 45% Yes 49% No 45% Yes 50%
Yes 51% Yes 50.4% Yes 66% Yes 56%
No 49% No 49.6% No 34% No 44%
No 63% No 53% Yes 52% No 55%
Yes 37% Yes 47% No 48% Yes 45%
Yes 67% Yes 63% Yes 74% Yes 68%
No 33% No 37% No 26% No 32%
No 56% No 60% Yes 69% No 49%
Yes 44% Yes 40% No 31% Yes 51%
No 59% No 56% Yes 85% No 43%
Yes 41% Yes 44% No 15% Yes 57%Islands
Board Area
Campbell River
Comox Valley
Cowichan Valley
Nanaimo
Parksville / Qualicum
Port Alberni / West Coast
North Island
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 235 Source: Vancouver Island Real Estate Board Data Comparisons
How Buyers First Became Aware of Property 2012 – 2014
In the 2014 survey there was a rewording of options. ‘Introduced by a REALTOR®’ was removed and ‘My REALTOR® supplied PCS (private client services)’ was added.
The ‘How Buyers First Became Aware of Property’ trends for the past three years are shown in the table below. A few obvious trends are:
The most common category ‘Introduced by a REALTOR®’ / ‘My REALTOR® supplied PCS (private
client services)’ for the entire Board Area was fairly constant, ranging from 32% to 35%
between 2012 and 2014.
The second most common category ‘Internet- REALTOR.ca site’ for the entire Board Area also
was fairly constant, ranging from 27% to 28% from 2012 to 2014.
Finally, the third most common category ‘For Sale Sign’ for the entire Board Area was constant
from 2012 to 2014 at 11%.
In 2012, five of the seven analyzed sub-areas had the most common category as ‘Introduced by
a REALTOR®’.
In 2013, six of the seven sub-areas shared their most common category as ‘Introduced by a
REALTOR®’.
In 2014, all sub-areas except Port Alberni / West Coast had ‘My REALTOR® supplied PCS
(private client services)’ as the most common category.
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 236 Source: Vancouver Island Real Estate Board Data Comparisons
2012 2013 2014
Introduced by a
REALTOR®32%
Introduced by a
REALTOR®34%
My REALTOR® supplied
PCS35%
Internet– REALTOR.ca
site28%
Internet– REALTOR.ca
site28%
Internet– REALTOR.ca
site27%
For Sale sign 11% For Sale sign 11% For Sale sign 11%
Introduced by a
REALTOR®36%
Introduced by a
REALTOR®40%
My REALTOR® supplied
PCS32%
Internet– REALTOR.ca
site30%
Internet– REALTOR.ca
site23%
Internet– REALTOR.ca
site32%
For Sale sign 12% For Sale sign 10% For Sale sign 12%
Introduced by a
REALTOR®38%
Introduced by a
REALTOR®36%
My REALTOR® supplied
PCS30.4%
Internet– REALTOR.ca
site23%
Internet– REALTOR.ca
site25%
Internet– REALTOR.ca
site29.6%
For Sale sign 10% For Sale sign 13% For Sale sign 10%
Internet– REALTOR.ca
site32%
Internet– REALTOR.ca
site34%
My REALTOR® supplied
PCS33%
Introduced by a
REALTOR®26%
Introduced by a
REALTOR®28%
Internet– REALTOR.ca
site27%
MLS ® Catalogue 11% For Sale sign 11% For Sale sign 11%
Introduced by a
REALTOR®35%
Introduced by a
REALTOR®33%
My REALTOR® supplied
PCS40%
Internet– REALTOR.ca
site27%
Internet– REALTOR.ca
site28%
Internet– REALTOR.ca
site25%
For Sale sign 12% For Sale sign 10% For Sale sign 8%
Internet– REALTOR.ca
site33%
Introduced by a
REALTOR®39%
My REALTOR® supplied
PCS37%
Introduced by a
REALTOR®27%
Internet– REALTOR.ca
site29%
Internet– REALTOR.ca
site24%
For Sale sign 10% For Sale sign 10% For Sale sign 11%
Introduced by a
REALTOR®41%
Internet– REALTOR.ca
site32%
Contacted a Real Estate
office30%
For Sale sign 21%Introduced by a
REALTOR®24%
My REALTOR® supplied
PCS23%
Internet– REALTOR.ca
site18% For Sale sign 13%
Internet– REALTOR.ca
site20%
Internet– REALTOR.ca
site33%
Introduced by a
REALTOR®40%
My REALTOR® supplied
PCS33%
Internet - other than
REALTOR.ca site22%
Internet– REALTOR.ca
site23%
Internet– REALTOR.ca
site19%
Introduced by a
REALTOR®17% For Sale sign 10% For Sale sign 15%
Board Area
N/A
Cowichan
Valley
Parksville /
Qualicum
Port Alberni /
West Coast
Islands
North Island
Nanaimo
Comox Valley
Campbell River
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 237 Source: Vancouver Island Real Estate Board Data Comparisons
How Buyers First Chose a REALTOR® 2012 - 2014
The ‘How Buyers First Chose a REALTOR®’ trends for the past three years are shown in the table
below. A few obvious trends are:
The options were updated in the 2014 survey, with options added and some worded differently to
provide more accurate representation of the respondent groups. This can result in changes in the
distributions.
The most common category ‘Recommended by family or friend’ for the entire Board Area
remained fairly constant at 24% to 25% from 2012 – 2013. In 2014, the most common category
was ‘Previously dealt with this REALTOR®’ at 16%.
The second most common category for the entire Board Area, ‘Previously purchased/sold
property through this REALTOR®’, remained constant at 14% to 15% from 2012 – 2013.
However, in 2014 the most common category was ‘REALTOR® was recommended by co-
worker, associate, or friend’ at 15%.
The third most common category for the entire Board Area, ‘Friend or Relative of the
REALTOR®’, also remained constant at 10% to 12% from 2012 – 2013. In 2014, the third most
common category was ‘REALTOR® was recommended by my family or a relative’ at 12%.
2012 2013 2014
Recommended by family
or friend 24%
Recommended by family
or friend 25%
Previously dealt with this
REALTOR®16%
Previously
purchased/sold property
through this REALTOR®
15%
Previously
purchased/sold property
through this REALTOR®
14%
REALTOR® was
recommended by co-
worker, associate or
friend
15%
Friend or relative of the
REALTOR® 12%
Friend or relative of the
REALTOR® 10%
REALTOR® was
recommended by my
family or a relative
12%
Recommended by family
or friend 25%
Recommended by family
or friend 27%
REALTOR® was
recommended by co-
worker, associate or
friend
18%
Previously
purchased/sold property
through this REALTOR®.
16%Found REALTOR® on the
Internet 14%
Previously dealt with this
REALTOR®16%
Friend or relative of the
REALTOR® 14%
Called on a sign, Made an
inquiry at a real estate
office, REALTOR® is a
customer or client of
yours
8.5%
REALTOR® was
recommended by my
family or a relative
15%
Recommended by family
or friend 28%
Recommended by family
or friend 29%
REALTOR® was
recommended by co-
worker, associate or
friend
18%
Previously
purchased/sold property
through this REALTOR®
13%Found REALTOR® on the
Internet 15%
Previously dealt with this
REALTOR®16%
Friend or relative of the
REALTOR® 11% Called on a sign 10%
REALTOR® was
recommended by my
family or a relative
12%
Board Area
Comox Valley
Campbell River
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 238 Source: Vancouver Island Real Estate Board Data Comparisons
2012 2013 2014
Recommended by family
or friend 24%
Recommended by family
or friend 24%
Previously dealt with this
REALTOR®15.1%
Previously
purchased/sold property
through this REALTOR®
14%Found REALTOR® on the
Internet 13%
REALTOR® was
recommended by my
family or a relative
14.7%
Friend or relative of the
REALTOR® 12%
REALTOR® is a customer
or client of yours 11%
REALTOR® was
recommended by co-
worker, associate or
friend
14%
Recommended by family
or friend 22%
Recommended by family
or friend 23%
Previously dealt with this
REALTOR®17%
Previously
purchased/sold property
through this REALTOR®
15%Found REALTOR® on the
Internet 16%
REALTOR® was
recommended by co-
worker, associate or
friend
15%
Friend or relative of the
REALTOR® 14% Called on a sign 13%
REALTOR® was
recommended by my
family or a relative
12.5%
Recommended by family
or friend 24%
Recommended by family
or friend 27%
REALTOR® was
recommended by co-
worker, associate or
friend / Previously dealt
with this REALTOR®
15%
Previously
purchased/sold property
through this REALTOR®
16%Found REALTOR® on the
Internet 12%
REALTOR® was
recommended/referred
by another REALTOR®
11%
Friend or relative of the
REALTOR® 10%
Recommended by co-
worker or associate11%
Internet-REALTOR® was
the agent on listed
property
10.4%
Previously
purchased/sold property
through this REALTOR®
21%Recommended by family
or friend 21.5%
Previously dealt with this
REALTOR®25%
Friend or relative of the
REALTOR® 19%
Found REALTOR® on the
Internet 21.5%
Attended at a Real Estate
office15%
Recommended by family
or friend 18%
Recommended/referred
by another REALTOR® 14%
REALTOR® was
recommended by my
family or a relative and
REALTOR® agent was
listed on property
13%
Recommended/referred
by another REALTOR® 21%
REALTOR® is a customer
or client of yours 28%
Internet-REALTOR® was
the agent on listed
property
22%
Previously
purchased/sold property
through this REALTOR®
21%Recommended by family
or friend 22%
Previously dealt with this
REALTOR®19%
Made an inquiry at a real
estate office21%
Made an inquiry at a real
estate office22%
REALTOR® was
recommended by my
family or a relative /
Other: Please specify
15%
Islands
Cowichan Valley
Nanaimo
Parksville /
Qualicum
Port Alberni /
West Coast
North Island
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 239 Source: Vancouver Island Real Estate Board Data Comparisons
Form of Agency Provided by REALTOR® 2012 - 2014
The trends for ‘Form of Agency Provided by REALTOR®’ for the past three years are shown in the
table below. A few obvious trends are:
The most common category for the entire Board Area was ‘Single Agency - representing only buyer’, and ranged from 70% to 72%.
The second most common category for the entire Board Area was, ‘Dual Agency - representing both buyer and seller’, decreasing from 28% to 20%, from 2012 - 2014.
The third category (Don’t Know) for the Board Area ranged from 1% to 8%.
Board Area
Single Agency – representing
only buyer 71%
Single Agency – representing
only buyer 70%
Single Agency – representing
only buyer 72%
Dual Agency – representing
both buyer and seller 28%
Dual Agency – representing
both buyer and seller 23%
Dual Agency – representing both
buyer and seller 20%
Don't know 1% Don't know 6% Don't know 8%
Single Agency – representing
only buyer 64%
Single Agency – representing
only buyer 68%
Single Agency – representing
only buyer 75%
Dual Agency – representing
both buyer and seller 34%
Dual Agency – representing
both buyer and seller 22%
Dual Agency – representing both
buyer and seller 20%
Don't know 2% Don't know 9% Don't know 6%
Single Agency – representing
only buyer 73%
Single Agency – representing
only buyer 72%
Single Agency – representing
only buyer 73%
Dual Agency – representing
both buyer and seller 26%
Dual Agency – representing
both buyer and seller 22%
Dual Agency – representing both
buyer and seller 19%
Don't know 0.4% Don't know 5% Don't know 8%
Single Agency – representing
only buyer 73%
Single Agency – representing
only buyer 73%
Single Agency – representing
only buyer 72%
Dual Agency – representing
both buyer and seller 26%
Dual Agency – representing
both buyer and seller 21%
Dual Agency – representing both
buyer and seller 18%
Don't know 0% Don't know 6% Don't know 10%
Single Agency – representing
only buyer 73%
Single Agency – representing
only buyer 72%
Single Agency – representing
only buyer 76%
Dual Agency – representing
both buyer and seller 26%
Dual Agency – representing
both buyer and seller 22%
Dual Agency – representing both
buyer and seller 16%
Don't know 0% Don't know 6% Don't know 8%
Single Agency – representing
only buyer 73%
Single Agency – representing
only buyer 71%
Single Agency – representing
only buyer 71%
Dual Agency – representing
both buyer and seller 26%
Dual Agency – representing
both buyer and seller 24%
Dual Agency – representing both
buyer and seller 22%
Don't know 1% Don't know 5% Don't know 7%
Single Agency – representing
only buyer 57%
Single Agency – representing
only buyer 49%
Single Agency – representing
only buyer 50%
Dual Agency – representing
both buyer and seller 43%
Dual Agency – representing
both buyer and seller 41%
Dual Agency – representing both
buyer and seller 35%
Don't know - Don't know 10% Don't know 15%
Single Agency – representing
only buyer 56%
Single Agency – representing
only buyer 50%
Dual Agency – representing both
buyer and seller 59%
Dual Agency – representing
both buyer and seller 44%
Dual Agency – representing
both buyer and seller 50%
Single Agency – representing
only buyer 41%
Don't know 0% Don't know 0% Don't know 0%
2012 2013 2014
Board Area
Campbell River
Comox Valley
Cowichan Valley
Nanaimo
North Island
Islands
Port Alberni / West
Coast
Parksville / Qualicum
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 240 Source: Vancouver Island Real Estate Board Data Comparisons
Survey Data Comparisons
Survey Data 2012 – 2014
The three-year comparisons that follow are based on survey data for individual areas. The yearly totals
and three-year averages from each area are listed in the table and figure below.
From 2012 to 2014, there was an increase in Board totals (increased by 20% for the data totals); with
increases in all Board sub-areas, except Port Alberni / West Coast sub-area (-0.3%) ranging from 3% to
33%.
2012 2013 2014Three Year
Average
Change (%)
from 2012 to
2014
Campbell River 569 619 699 629 23%
Comox Valley 1132 1196 1253 1194 11%
Cowichan Valley 960 964 1245 1056 30%
Nanaimo 1585 1778 1907 1757 20%
Parksville / Qualicum 846 986 1097 976 30%
Port Alberni / West Coast 331 360 330 340 -0.3%
North Island 121 113 125 120 3%
Islands 123 139 164 142 33%
Board Area 5667 6155 6820 6214 20%
Number of Surveys Mailed Out
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 241 Source: Vancouver Island Real Estate Board Data Comparisons
Response Data 2012 – 2014
The three-year comparisons that follow are based on survey data for individual areas. The yearly
totals and three-year averages from each area are listed in the table and figure below.
From 2012 to 2014, there was a decrease in Board totals (increased by 1% for the data totals); with
decreases in five sub-areas, ranging from -3% to -31%, and increases in three sub-areas ranging from
0% to 50%.
2012 2013 2014Three Year
Average
Change (%)
from 2012 to
2014
Campbell River 129 142 158 143 22%
Comox Valley 289 313 260 287 -10%
Cowichan Valley 248 234 270 251 9%
Nanaimo 423 446 412 427 -3%
Parksville / Qualicum 273 303 288 288 5%
Port Alberni / West Coast 58 63 40 54 -31%
North Island 10 4 10 8 0%
Islands 18 18 27 21 50%
Board Area 1448 1523 1465 1479 1%
Number of Responses
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 242 Source: Vancouver Island Real Estate Board Data Comparisons
Board Area Selling Price Range 2012 - 2014
To best illustrate three-year selling price trends, two frequency graphs are presented on the next
two pages for the Board Area. They are:
Frequency (Total numbers of Sales); and
Frequency (Percent of Sales);
The information is presented in price categories (in $50,000 increments) from $0 up to greater than
$1,000,000. Analyses of trends within areas can be found in the next section (Selling Price Range
2012-2014). The top trends for the Board Area from these comparative figures from 2010 to 2014
are as follows:
In 2012 the selling price with the highest frequency (i.e., 903 homes or 16%) remained at
$250,001 - $300,000.
In 2013 the selling price with the highest frequency (i.e., 1038 homes or 17%) remained at
$250,001 - $300,000.
In 2014 the selling price with the highest frequency (i.e., 1018 homes or 14.9%) remained at
$300,001-$350,000.
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 243 Source: Vancouver Island Real Estate Board Data Comparisons
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 244 Source: Vancouver Island Real Estate Board Data Comparisons
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 245 Source: Vancouver Island Real Estate Board Data Comparisons
Selling Price Range 2012 - 2014
The trends within areas are shown in the table below with comparisons of the three highest selling price categories from 2012 - 2014.
The three top selling price categories for the Board Area increased from $250,001-$300,000 (at 16.4% and 16.9%) in 2012 and 2013 and is now up to $300,001-$350,000 (15%) in 2014. The selling price range of $250,001 to $300,000 has decreased from 2012 to 2014 by 2%.
From 2012 - 2014, the areas with the highest selling price ranges were: Cowichan Valley, Nanaimo, and Parksville/Qualicum, with $350,001-$400,000 categories represented.
The North Island sub-area exhibited the lowest price categories and frequencies, with $50,001-$100,000 categories represented (16%-20%) from 2012 – 2014 and the $0 to $50,000 at 17% in 2013.
2012 2013 2014
$250,001 to $300,000 16.4% $250,001 to $300,000 16.9% $300,001 to $350,000 15%
$300,001 to $350,000 15.2% $300,001 to $350,000 15.5% $250,001 to $300,000 14.37%
$200,001 to $250,000 13.8% $200,001 to $250,000 14.0% $200,001 to $250,000 13.89%
$200,001 to $250,000 27% $200,001 to $250,000 24% $200,001 to $250,000 21%
$250,001 to $300,000 20% $250,001 to $300,000 22% $250,001 to $300,000 21%
$300,001 to $350,000 14% $300,001 to $350,000 16% $300,001 to $350,000 19%
$200,001 to $250,000 19.0% $300,001 to $350,000 19% $250,001 to $300,000 16.52%
$250,001 to $300,000 16.3% $250,001 to $300,000 17% $300,001 to $350,000 16.44%
$300,001 to $350,000 16.1% $200,001 to $250,000 14% $200,001 to $250,000 15%
$300,001 to $350,000 16.9% $250,001 to $300,000 18% $250,001 to $300,000 15%
$250,001 to $300,000 16.7% $300,001 to $350,000 16% $350,001 to $400,000 14%
$350,001 to $400,000 12.6% $200,001 to $250,000 13% $300,001 to $350,000 13.31%
$250,001 to $300,000 17% $250,001 to $300,000 18% $300,001 to $350,000 14.32%
$300,001 to $350,000 17% $300,001 to $350,000 15% $350,001 to $400,000 14.17%
$350,001 to $400,000 14% $350,001 to $400,000 14% $250,001 to $300,000 13.8%
$300,001 to $350,000 19% $300,001 to $350,000 17% $300,001 to $350,000 18%
$250,001 to $300,000 14% $250,001 to $300,000 15.2% $350,001 to $400,000 15%
$350,001 to $400,000 13% $350,001 to $400,000 15.1% $250,001 to $300,000 11%
$150,001 to $200,000 24% $150,001 to $200,000 20% $200,001 to $250,000 22%
$200,001 to $250,000 21% $100,001 to $150,000 18% $100,001 to $150,000 20%
$100,001 to $150,000 17% $200,001 to $250,000 17% $150,001 to $200,000 19%
$100,001 to $150,000 25% $100,001 to $150,000 21% $150,001 to $200,000 22%
$150,001 to $200,000 17% $50,001 to $100,000 20% $50,001 to $100,000 19%
$50,001 to $100,000 16% $0 to $50,000 17% $100,001 to $150,000 15%
$250,001 to $300,000 18% $200,001 to $250,000 19% $200,001 to $250,000 17%
$150,001 to $200,00016%
$250,001 to $300,00017%
$150,001 to $200,000
$300,001 to $350,00013%
$300,001 to $350,000 15% $300,001 to $350,000 14% $250,001 to $300,000 10%
North Island
Islands
Parksville /
Qualicum
Port Alberni /
West Coast
Board Area
Campbell River
Comox Valley
Cowichan Valley
Nanaimo
Vancouver Island Real Estate Board
2014 Buyer Report
2014 VIREB Buyer Profile 246 Source: Vancouver Island Real Estate Board Data Comparisons
Home Type 2012 - 2014
The ‘Home Type’ trends for the past three years are shown in the table below. A few obvious trends
are:
The most common category was ‘Single-Family’ for the entire Board Area and remained
constant, at 60% to 61% for the Board Area, and 42% to 73% among sub-areas, from 2012 -
2014.
The second most common category was ‘Condominium (Apt)’, with frequencies from 7% to
8% for the entire Board Area for 2012 - 2014.
The third most common category was ‘Condominium (Twnhse)’, with frequencies from 6% to
7% for the entire Board Area for 2012 - 2014.
Single-Family 60% Single-Family 60% Single Family 61%