2018 Buyer Profile2018 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

2018BUYERPROFILEvancouver island real estate board

2018 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;

and

for any losses, costs or other damages whatsoever and howsoever caused in connection with

any use of such information, including 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

2018 Buyer Report

2018 VIREB Buyer Profile 2 Source: Vancouver Island Real Estate Board Introduction

Table of Contents

Forward ......................................................................................................................................................................9

Objectives and Methodology .....................................................................................................................................9

Questionnaire Survey .............................................................................................................................................. 12

..... Board Area – Information from Questionnaire Survey ............................................................................... 16

Community Movement ...................................................................................................... 16

Length of Time Lived in Same Community ........................................................................... 16

Moving Back to a Community After Time Away ................................................................... 17

Buyer Origin ....................................................................................................................... 18

Major Reason for Purchase ................................................................................................. 19

First-Time Purchase of Principal Residence (Yes or No) ........................................................ 19

Used RRSP for Down Payment (Yes or No) .......................................................................... 20

Purchased as Retirement Residence (Yes or No) .................................................................. 20

How Buyers First Became Aware of Property ...................................................................... 21

How Buyers First Chose a REALTOR® ................................................................................... 22

..... Board Area – Home Characteristics from MLS® Data ................................................................................. 24

Selling Price Range ............................................................................................................. 24

Home Type......................................................................................................................... 25

Number of Bedrooms ......................................................................................................... 26

Number of Bathrooms ........................................................................................................ 27

Exterior .............................................................................................................................. 28

Parking .............................................................................................................................. 29

Site Characteristics ............................................................................................................. 29

..... Board Area – Typical Buyer ......................................................................................................................... 30

..... Campbell River Sub-Area – Information from Questionnaire Survey ......................................................... 32




Buyer Origin ....................................................................................................................... 35





2018 Buyer Report





..... Campbell River Sub-Area – Home Characteristics from MLS® Data ............................................................ 40


Home Type......................................................................................................................... 42



Exterior .............................................................................................................................. 44

Parking .............................................................................................................................. 45


..... Campbell River Sub-Area – Typical Buyer.................................................................................................... 46

..... Comox Valley Sub-Area – Information from Questionnaire Survey ............................................................ 48




Buyer Origin ....................................................................................................................... 51







..... Comox Valley Sub-Area – Home Characteristics from MLS® Data .............................................................. 56


Home Type......................................................................................................................... 58



Exterior .............................................................................................................................. 60

Parking .............................................................................................................................. 61


..... Comox Valley Sub-Area – Typical Buyer ...................................................................................................... 62


2018 Buyer Report


.... Cowichan Valley Sub-Area – Information from Questionnaire Survey ....................................................... 64




Buyer Origin ....................................................................................................................... 67







.... Cowichan Valley – Home Characteristics from MLS® Data ......................................................................... 72


Home Type......................................................................................................................... 74



Exterior .............................................................................................................................. 76

Parking .............................................................................................................................. 77


.... Cowichan Valley Sub-Area – Typical Buyer ................................................................................................. 78

..... Nanaimo Sub-Area – Information from Questionnaire Survey ................................................................... 80




Buyer Origin ....................................................................................................................... 83







..... Nanaimo – Home Characteristics from MLS® Data ..................................................................................... 88


2018 Buyer Report



Home Type......................................................................................................................... 90



Exterior .............................................................................................................................. 92

Parking .............................................................................................................................. 93


..... Nanaimo Sub-Area – Typical Buyer ............................................................................................................. 94

..... Parksville/Qualicum Sub-Area – Information from Questionnaire Survey ................................................. 96




Buyer Origin ....................................................................................................................... 99

Major Reason for Purchase ............................................................................................... 100

First-Time Purchase of Principal Residence (Yes or No) ...................................................... 100

Used RRSP for Down Payment (Yes or No) ........................................................................ 101

Purchased as Retirement Residence (Yes or No) ................................................................ 101

How Buyers First Became Aware of Property .................................................................... 102

How Buyers First Chose a REALTOR® ................................................................................. 103

..... Parksville/Qualicum – Home Characteristics from MLS® Data ................................................................. 104

Selling Price Range ........................................................................................................... 104

Home Type....................................................................................................................... 106

Number of Bedrooms ....................................................................................................... 107

Number of Bathrooms ...................................................................................................... 107

Exterior ............................................................................................................................ 108

Parking ............................................................................................................................ 109

Site Characteristics ........................................................................................................... 109

..... Parksville/Qualicum Sub-Area – Typical Buyer .......................................................................................... 110

.... Port Alberni/West Coast Sub-Area – Information from Questionnaire Survey ........................................ 112

Community Movement .................................................................................................... 112

Length of Time Lived in Same Community ......................................................................... 113

Moving Back to a Community After Time Away ................................................................. 114


2018 Buyer Report


Buyer Origin ..................................................................................................................... 115







.... Port Alberni/West Coast – Home Characteristics from MLS® Data .......................................................... 120


Home Type....................................................................................................................... 122



Exterior ............................................................................................................................ 124

Parking ............................................................................................................................ 125


.... Port Alberni/West Coast Sub-Area – Typical Buyer .................................................................................. 126

.... North Island Sub-Area – Information from Questionnaire Survey ............................................................ 129




Buyer Origin ..................................................................................................................... 131







.... North Island – Home Characteristics from MLS® Data .............................................................................. 136


Home Type....................................................................................................................... 138




2018 Buyer Report


Exterior ............................................................................................................................ 140

Parking ............................................................................................................................ 141


.... North Island Sub-Area – Typical Buyer ...................................................................................................... 142

...... Islands Sub-Area – Information from Questionnaire Survey .................................................................... 146




Buyer Origin ..................................................................................................................... 149







...... Islands – Home Characteristics from MLS® Data....................................................................................... 154


Home Type....................................................................................................................... 156



Exterior ............................................................................................................................ 158

Parking ............................................................................................................................ 159


...... Islands Sub-Area – Typical Buyer ............................................................................................................... 160

...... Survey Data Comparisons from 2016 - 2018 ............................................................................................. 162

Community Movement 2016 - 2018 .................................................................................. 163

Time Resident in Community Prior to Purchase 2016 - 2018 .............................................. 165

Buyer Origin 2016 - 2018 .................................................................................................. 167

Major Reason for Purchase 2016 - 2018 ............................................................................ 168

First-Time Purchase of Principal Residence 2016 - 2018 ..................................................... 169

Used RRSP for Down Payment 2016 - 2018 ........................................................................ 170

Purchased as Retirement Residence 2016 - 2018 ............................................................... 171


2018 Buyer Report


How Buyers First Became Aware of Property 2016 - 2018 .................................................. 172

How Buyers First Chose a REALTOR® 2016 - 2018 .............................................................. 174

...... Survey Data Comparisons .......................................................................................................................... 177

Survey Data 2016 - 2018 ................................................................................................... 177

Response Data 2016 - 2018 ............................................................................................... 178

Board Area Selling Price Range 2016 - 2018 ....................................................................... 179

Selling Price Range 2016 - 2018 ......................................................................................... 182

Home Type 2016 - 2018 .................................................................................................... 183

Number of Bedrooms 2016 - 2018..................................................................................... 184

Number of Bathrooms 2016 - 2018 ................................................................................... 185

Exterior 2016 - 2018 ......................................................................................................... 186

Parking 2016 - 2018 .......................................................................................................... 187

Site Characteristics 2016 - 2018 ........................................................................................ 188


2018 Buyer Report


Buyer Profile January 1, 2018 – December 31, 2018

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.

Forward

The 2018 Buyer Profile continues to provide timely, up-to-date information for REALTORS® about the

buyers of real estate on Vancouver Island by providing a summary analysis of the overall board area of the

Vancouver Island Real Estate Board (VIREB) and the various sub-areas within its boundaries. These analyses

have been carried out based on data collected from a mail survey questionnaire of buyers purchasing

residential homes listed and sold through the Multiple Listing Service® (MLS®) during 2018. Lots and

acreage sales were not surveyed.

In an effort to provide a unique combination of Buyer Profile information (as provided by the survey

information), corresponding data from the MLS® database on ‘home characteristics’ (i.e., home type, selling

price, number of bedrooms and bathrooms, exterior type, parking accommodations and site features) were

also compiled and analysed. Hence, a statistically based ‘snapshot’ of a buyer profile and corresponding

‘home characteristic’ preference is presented here. Similarities and differences within the sub-areas of the

VIREB board jurisdiction are discussed. In addition, a comparison of changes from 2016 to 2018 (focusing on

the top three responses for each factor) is included.

Objectives and Methodology

The 2018 Buyer Profile findings are based on the questionnaire that follows these introductory comments.

Information and goals included: the major reason for the purchase; community movement; how long did

the buyer live in the community prior to purchase; time away from community; where did the buyer live

prior to purchase; was this a first-time purchase; use of RRSPs; whether home was purchased for

retirement; how did the buyer first become aware of the property; and how did the buyer choose a

REALTOR®. Only buyers purchasing residential homes listed and sold through the Multiple Listing Service®

(MLS®) System were surveyed during 2018. Descriptive analyses for these data were similar to the previous

buyer profiles. Descriptive analyses of data, from the survey and the MLS® database, were applied to

produce frequency histograms and pie charts. The resultant figures and tables provide useful and insightful

information about the buyers’ profiles along with corresponding summary information about the ‘home

characteristics’ of the real estate. Comparisons of numerous characteristics within the board area and

among the various sub-areas are presented.


2018 Buyer Report


Survey Response

A total of 8,428 board-area sales data records, down (13%) from last year’s total of 9,731 by 1,303, were

obtained from the MLS® data for the ‘home characteristics’.

From the mail survey (8,428 letters mailed out within the board area), a total of 1,524 mail and online

survey records (18.1%) were completed and entered into a database, from which the buyer profile was

developed. This number is a reasonable reflection of all MLS® records. The figure below illustrates the

monthly timing of questionnaire mail-outs to all sub-areas within the board area for 2018, which is an

illustration of the seasonality of sales.

Number of Questionnaires Mailed Out in 2018

The sub-areas analyzed this year were Campbell River (815 MLS® records and 145 surveys returned);

Comox Valley (1,586 MLS® records and 305 surveys returned); Cowichan Valley (1,573 MLS® records and

296 surveys returned); Nanaimo (2,336 MLS® records and 395 surveys returned); Parksville/Qualicum

(1,139 MLS® records and 278 surveys returned); Port Alberni/West Coast (526 MLS® records and 50

surveys returned); North Island (223 MLS® records and 15 surveys returned); and Islands (Cormorant,

Cortes, Denman, Gabriola, Hornby, Malcolm, Mudge, Protection, Quadra, Read, and Small) (230 MLS®

records and 40 surveys returned).

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

strong representation of general population trends. However, the Port Alberni/West Coast sub-area had

noticeably smaller percentage responses from the questionnaires (9.5%) while the North Island only had

a 6.7% response rate to the questionnaire (see figure below).


2018 Buyer Report


Full analyses were conducted for all sub-areas from the questionnaire data except for the North

Island sub-area, since there were only 15 surveys returned (a response rate of 6.7%) for that sub-area.

Hence, only MLS® data were analyzed for this sub-area.

Response Rates for 2018

Descriptive statistics consist of frequency histograms and pie charts to illustrate differences in categories

and groupings.

The total number of responses from the mail survey varied for different categories (e.g. Buyer Origin,

First-Time Purchase, Major Reason for Purchase, etc.), as not all questions were answered by every

buyer when the form was mailed back.

In addition, following the analyses for the board area and for each sub-area, a table summarizing the

‘typical’ buyer is presented (i.e., consisting of the highest frequency of each category analysed).

The 2018 survey had one change from the 2017 survey: question 12 (What form of Agency was provided

by the REALTOR®?) was removed.

MLS® records of home characteristics consisted of descriptions of up to 70 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 13 categories for the various areas, which comprises 93% of

the respondents.

Statistical comparisons in the board-area section across zones only compare those zones with responses

of 10 or higher for reasons both of confidentiality and omitting unreliable data due to small sample size.

Finally, a three-year comparative section is again in this year’s buyer profile as a ‘snapshot’ of current

trends for the entire board area and for each sub-area.


2018 Buyer Report


Questionnaire Survey

1. Please provide the 6-digit Unique Identifier Code (or Survey Reference

Code) that was mailed to you as part of the survey package.

2. Please choose only ONE. Please indicate your MAJOR REASON for the purchase of this property.

Your principal residence

Recreation / vacation home [SKIP TO QUESTION 6]

Investment / rental home [SKIP TO QUESTION 6]

Housing for self or family attending learning institution

Downsizing

Other: Please specify __________________

3. Was this the first time you purchased a home? Yes

No [SKIP TO QUESTION 5]

4. Did you use your RRSP for a down-payment? Yes

No

I do not know / not applicable

5. Was this home purchased for your retirement residence? Yes

No

I do not know / not applicable

6. Please select the answer that best represents you. Are you:

Moving to a new residence in same community.

[SKIP TO QUESTION 7]

Moving back to this community? [SKIP TO

QUESTION 8]

New to this community? (Less than one year)

[SKIP TO QUESTION 9]

Not moving, but purchasing an additional

residence in the same community? [SKIP TO

QUESTION 7]

Not moving, but purchasing an additional

residence in a different community? [SKIP TO

QUESTION 7]

7. How many years have you lived in your current community? [SKIP

TO QUESTION 10] [USE SLIDER]

8. You have indicated that you are moving back to this community. How many years have you been away? [USE SLIDER TO DENOTE YEARS

9. If you are moving, where are you moving from? Within same area (same town/city)

Elsewhere on Vancouver Island (other than

Victoria or same town/city)

Greater Victoria

Gulf Islands

Vancouver

Fraser Valley

Other BC

Alberta

Saskatchewan/Manitoba

Ontario

Other Canada

Rest of World, Where (please

specify):______________

1. Please choose only ONE of the following. How did you FIRST become aware of the property you purchased?

Saw a FOR SALE sign on Property

Open House

Newspaper Ad – Classifieds

Real Estate Tabloid

Word of Mouth-Relative / Friend / Co-worker /

Acquaintance

Contacted a Real Estate office

Real Estate Kiosk in the Mall

Internet - searched on REALTOR.ca

Internet - searched on website other than

REALTOR.ca

My REALTOR® supplied PCS (Private Client

Services)

My REALTOR® contacted me (other than PCS)

Other: Please

specify_________________________________

11. How did you choose your REALTOR® for this purchase? Please

choose one of the following to indicate the MOST IMPORTANT

reason for your choice.

REALTOR® is a family member

REALTOR® is a friend or co-worker

REALTOR® was recommended by my family or a

relative

REALTOR® was recommended by co-worker or

friend

REALTOR® was recommended/referred by

another REALTOR®

Previously dealt with this REALTOR®

REALTOR® is a client or customer of your business

Called the REALTOR® shown on a For Sale sign on

property

Called the REALTOR® shown on a

newspaper/tabloid ad

Attended an Open House

Attended at a Real Estate office

Real Estate Kiosk in the Mall

Internet-REALTOR® was the agent on listed

property

REALTOR® spoke my language

Armed Forces Relocation service

Recommended by Bank or Mortgage company

Other: Please

specify__________________________________

Thank you for taking the time to fill out this survey.

If you have any questions or comments about this survey, please let us

know.

BOARD AREA


2018 Buyer Report

2018 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 2018 residential property buyers was to ‘Move to a new community’

with 875 responses at 57.4%, followed by ‘Moving to a new residence in the same community’ with 477

responses at 31.3%, and finally 125 responses at 8.2% indicated they were ‘Moving back to the community’.

This pattern of results was consistent with those from the 2017 survey.

Length of Time Lived in Same Community

For those respondents moving within the same community, the highest-frequency response to the question

of how long they had lived there was for the category of ‘More than 20 years’ with 36.3%. The figures for

living ‘More than 20 years’ in a community ranged from 25% in the Parksville/Qualicum sub-area to 50% in

the Port Alberni/West Coast sub-area. The second-highest board-area frequency was 15.6%, for the ‘6 to 10

years’ category. These results were consistent with those from the 2017 survey.

Community movement Count %

New to this community? 875 57.4%

Moving to a new residence in same community. 477 31.3%

Moving back to this community? 125 8.2%

Not moving, but purchasing an additional residence in a different community? 26 1.7%

Not moving, but purchasing an additional residence in the same community? 21 1.4%

1,524 100.0%

Years lived in current community Count %

1 to 2 56 10.7%

3 to 5 81 15.5%

6 to 10 82 15.6%

11 to 15 62 11.8%

16 to 20 53 10.1%

More than 20 years 190 36.3%

524 100.0%


2018 Buyer Report


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 away’ showed the highest frequency at 20% for the board area, with figures ranging from 20% in

the Cowichan Valley sub-area to 26.3% in the Parksville/Qualicum sub-area.

In 2017, the number one category was ‘3 to 5 years’ at 21.4%.

Years away from community Count %

1 to 2 25 20.0%

3 to 5 24 19.2%

6 to 10 24 19.2%


11 to 15 18 14.4%

16 to 20 15 12.0%

125 100.0%


2018 Buyer Report


Buyer Origin

For buyers of residential property, the primary buyer origin for the board area (determined from 1,000

responses) was ‘Elsewhere on Vancouver Island’ at 22.6%, followed by ‘Vancouver’ at 17.2%, and ‘Other

B.C.’ at 12.2%. Alberta was ranked third in 2015 with 9.7%, fourth in 2016 with 10.4%1, sixth in 2017 with

8.4%, and sixth again in 2018, with 8.6%.

When aggregated, buyers originating from within B.C. totalled 73.4% of the respondents and those coming

from Vancouver Island was 35%.

i New starting in 2016, respondents were only prompted to answer the question “Where are you moving from?” if they selected “Moving back to this community” or “New to this community” in the previous question. Therefore, interperiod results must be interpreted with caution. For example, look to section C.1.a “Community Movement” in the 2016 report for the equivalent comparison for those moving “within the same area” from 2015.

Buyer Origin Count %

Elsewhere on Vancouver Island 226 22.6%

Vancouver 172 17.2%

Other BC 122 12.2%

Greater Victoria 95 9.5%

Fraser Valley 90 9.0%

Alberta 86 8.6%

Ontario 68 6.8%

Saskatchewan/Manitoba 31 3.1%

Within same area 29 2.9%

Other Canada 27 2.7%

Gulf Islands 26 2.6%

USA 13 1.3%

Rest of the World. Where? (please specify): 15 1.5%

1,000 100.0%


2018 Buyer Report


Major Reason for Purchase

The major reason for residential property purchase in the board area was for ‘Principal Residence’ with a

proportion of 82.2% of the respondents. The most frequently mentioned response in the ‘Other’ category

was family.

The ‘principal residence’ category increased only slightly from 81.1% in 2017.

First-Time Purchase of Principal Residence (Yes or No)

‘First-time buyers’ accounted for 13.5% of purchases made in the board area. The lowest frequency of

‘First-time buyers’ occurred in the Parksville/Qualicum sub-area at 5.2%, while the highest frequency

occurred in the Nanaimo sub-area at 16.9%.

The frequency of first-time buyers is down from 15.2% in 2017.

Reason for Purchase Count %

Your principal residence 1,252 82.2%

Downsizing 194 12.7%

Other 31 2.0%

Investment / rental home 29 1.9%

Recreation / vacation home 9 0.6%

Housing for self or family attending learning institution 9 0.6%

1,524 100.0%

First Home? Count %

Yes 201 13.5%

No 1,285 86.5%

1,486 100.0%


2018 Buyer Report


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 33.2%, ranging

from 7.1% in the Parksville/Qualicum sub-area to 34% in the Comox Valley sub-area.

The frequency of ‘First-time buyers’ using RRSPs for a down payment decreased from 35.1% in 2017 to 33.2%

in 2018.

Purchased as Retirement Residence (Yes or No)

The proportion of respondents buying their home for retirement purposes was 58.8%. This proportion did

not vary significantly by zone, ranging from 51.4% in the Port Alberni/West Coast sub-area to 75.3% in the

Parksville/Qualicum sub-area.

These results decreased from 56.8% in 2016 to 56.3% in 2017, but increased to 58.8% in 2018.

Used RRSP for down payment Count %

Yes 65 33.2%

No 131 66.8%

I do not know / not applicable 5

201 100.0%

Retirement Residence Count % Rank

Yes 751 58.8% 1

No 526 41.2% 2


1,486 100.0%


2018 Buyer Report


How Buyers First Became Aware of Property

The top-three ways that buyers became aware of the property were ‘My REALTOR® supplied PCS’ at 37%,

‘Internet – Searched on REALTOR.ca’ at 21.1%, and ‘My REALTOR® contacted me (other than PCS)’ at 11%.

Among the sub-areas, the frequency for ‘My REALTOR® supplied PCS’ ranged from 27.5% in the Islands sub-

area to 38.6% in the Campbell River sub-area.

As a matter of interest, the Internet choices totalled 30.9% when added together.

How Buyers First Became Aware of Property Count %

My REALTOR® supplied PCS (Private Client Services) 562 37.0%

Internet - searched on REALTOR.ca 322 21.1%

My REALTOR® contacted me (other than PCS) 168 11.0%

Internet - searched on website other than REALTOR.ca 149 9.8%

Saw a FOR SALE sign on Property 101 6.6%

Contacted a Real Estate office 92 6.0%

Word of Mouth-Relative / Friend / Co-worker / Acquaintance 64 4.2%

Other: Please specify 24 1.6%

Open House 19 1.2%

Real Estate Tabloid 11 0.7%

Newspaper Ad – Classifieds 9 0.6%

Real Estate Kiosk in the Mall 3 0.2%

1,524 100.0%


2018 Buyer Report


How Buyers First Chose a REALTOR®

The top-three ways that buyers chose their REALTOR® were ‘Previously dealt with this REALTOR®’ at 17.1%,

‘REALTOR® was recommended by my family or a relative’ at 13.8%, and ‘REALTOR® was recommended by a

co-worker or friend’ at 13.6%.

The ‘Previously dealt with this REALTOR®’ category ranged from 15.8% in the Parksville/Qualicum sub-area to

22.5% in the Islands sub-area.

In 2017, the top choice was ‘REALTOR® was recommended by my family or a relative’.

REALTORS® continue to depend primarily on relationship-based referrals to service their business, as 39.5%

of their business was due to a recommendation, whereas only 9.5% came from an online or print

advertisement.

The ‘Other’ category included responses such as interviewed several REALTORS®, REALTOR® contacted us

after searching online, performed Google search, or liked the REALTOR’s® website.

Source of REALTOR® Count %

Previously dealt with this REALTOR® 262 17.1%

REALTOR® was recommended by my family or a relative 210 13.8%

REALTOR® was recommended by co-worker or friend 207 13.6%

REALTOR® was recommended/referred by another REALTOR® 185 12.1%

REALTOR® is a friend or co-worker 138 9.1%

Other 120 7.9%

Internet-REALTOR® was the agent on listed property 114 7.5%

Called the REALTOR® shown on a For Sale sign on property 81 5.3%

Attended at a Real Estate office 59 3.9%

REALTOR® is a family member 38 2.5%

Called the REALTOR® shown on a newspaper/tabloid ad 31 2.0%

Attended an Open House 26 1.7%

Recommended by Bank or Mortgage company 19 1.2%

REALTOR® is a client or customer of your business 13 0.9%

REALTOR® spoke my language 10 0.7%


Armed Forces Relocation service 5 0.3%

1,524 100.0%


2018 Buyer Report



2018 Buyer Report


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 239 sales in 2018, an increase from 226 sales in 2017,

145 sales in 2016, and significantly more than 63 sales in 2015.

In 2018, the top-three categories for the board area were $350,001-$400,000 at 10.9%, $400,001-$450,000

at 10.7%, and $450,001-$500,000 at 10.1%, totalling 31.7% of all sales.

Selling Price Range Count %

$0 to $50,000 58 0.7%

$50,001 to $100,000 165 2.0%

$100,001 to $150,000 309 3.7%

$150,001 to $200,000 421 5.0%

$200,001 to $250,000 499 5.9%

$250,001 to $300,000 549 6.5%

$300,001 to $350,000 760 9.0%

$350,001 to $400,000 930 10.9%

$400,001 to $450,000 899 10.7%

$450,001 to $500,000 855 10.1%

$500,001 to $550,000 697 8.3%

$550,001 to $600,000 563 6.7%

$600,001 to $650,000 434 5.1%

$650,001 to $700,000 305 3.6%

$700,001 to $750,000 225 2.7%

$750,001 to $800,000 174 2.1%

$800,001 to $850,000 125 1.5%

$850,001 to $900,000 97 1.2%

$900,001 to $950,000 64 0.8%

$950,001 to $1,000,000 60 0.7%

Over $1,000,000 239 2.8%

8,428 100.0%


2018 Buyer Report


Home Type

The top-three home types were ‘Single-Family’ at 54.7%, ‘Condominium (Apt)’ at 12.1%, and ‘Condominium

(Twnhse)’ at 8.4%. The ‘Single-Family’ home type category ranged from 48.7% in the Comox Valley sub-area

to 68.3% in the Port Alberni/West Coast sub-area.

These results were consistent with those from the 2017 survey.

Type of Home Count %

Single Family 4,610 54.7%

Condominium (Apt) 1,024 12.1%

Condominium (Twnhse) 707 8.4%

Manufactured/Mobile On Pad 395 4.7%

Patio Home 394 4.7%

Acreage With House 383 4.5%

Single Family (Strata) 347 4.1%

Single Family (Waterfront) 278 3.3%

Duplex (Strata) 203 2.4%

Duplex 48 0.6%

Farm/Ranch 16 0.2%

Single Family (Modular/Prefab) 13 0.2%

Triplex/Fourplex 10 0.1%

8,428 100.0%


2018 Buyer Report


Number of Bedrooms

The top-three frequencies for number of bedrooms were ‘Three’ at 40.4%, ‘Two’ at 28.2%, and ‘Four’ at

17.3%. All sub-areas except for the Islands sub-area (two bedrooms) exhibited three bedrooms as the

highest frequency, ranging from 31.7% in the Nanaimo sub-area to 48% in the Campbell River sub-area.

Other than in the Islands sub-area where the most common bedroom amount changed from three to two,

these results were consistent with those from the 2017 survey.

Number of Bedrooms Count %

3 3,396 40.4%

2 2,370 28.2%

4 1,450 17.3%

5 625 7.4%

1 353 4.2%

6 169 2.0%

7 22 0.3%

8 6 0.1%

9 3 0.0%

10 3 0.0%

12 1 0.0%

11 0 0.0%

13 0 0.0%

8,398 100.0%


2018 Buyer Report


Number of Bathrooms

The most common number of bathrooms in the board area was ‘Two’ at 44.5%, followed by ‘Three’ at 29%

and ‘One’ at 20.1%. With the exception of the Islands sub-area (one bathroom), two bathrooms were the

most common in all sub-areas, ranging from 39.1% in the Nanaimo sub-area to 53.4% in the

Parksville/Qualicum sub-area.

Other than in the Islands sub-area, where the most common bathroom amount changed from two to one,

these results were consistent with those from the 2016 survey.

Number of Bathrooms Count %

2 3,718 44.5%

3 2,417 29.0%

1 1,675 20.1%

4 447 5.4%

5 67 0.8%

6 22 0.3%

7 2 0.0%

8 0 0.0%

9 0 0.0%

10 0 0.0%

11 0 0.0%

12 0 0.0%

13 0 0.0%

8,348 100.0%


2018 Buyer Report


Exterior

The top-three house exterior types were ‘Vinyl’ at 32%, ‘Wood’ at 19.6%, and ‘Hardi Plank’ at 15.6%. ‘Vinyl’

was the most common in four sub-areas (Campbell River, Comox Valley, Cowichan Valley and Nanaimo),

ranging from 24.1% in the Cowichan Valley to 41.9% in Nanaimo. ‘Wood’ was the most common in the other

four sub-areas (Parksville/Qualicum, Port Alberni/West Coast, North Island and Islands), ranging from 25.9% in

Port Alberni/West Coast to 78.3% in the Islands sub-area.

PLEASE NOTE that only the top 13 descriptions and their frequencies are presented in the table and figure

below. The total number is based on 72 descriptions, with 589 data points or 7% excluded for brevity.


Exterior Count %

Vinyl 2,693 32.0%

Wood 1,656 19.6%

Hardi Plank 1,318 15.6%

Stucco 882 10.5%

Stucco & Siding 448 5.3%

Aluminum 234 2.8%

Stone Hardi Plank 114 1.4%

Wood Hardi Plank 92 1.1%

Brick & Siding 91 1.1%

Wood Vinyl 83 1.0%

Stone Vinyl 70 0.8%

Wood Vinyl Hardi Plank 40 0.5%

Other 707 8.4%

8,428 100.0%


2018 Buyer Report


Parking

The top-three parking features in the board area were ‘Garage-Double’ at 45.9%, ‘Carport-Single’ at 27.3%,

and ‘Garage-Single’ at 17%.

‘Garage-Double’ was the most common in all sub-areas except the Port Alberni/West Coast sub-area, the

North Island sub-area, and the Islands sub-area, where ‘Garage-Single’ was the most common with 30.6%,

37.8%, and 32.4% respectively.

In 2017, ‘Garage-Double’ was the most common in all sub-areas except the North Island sub-area.

Site Characteristics

The top-three site characteristics were ‘View – Mountain’ at 41.8%, ‘View – Ocean’ at 39.1%, and ‘Waterfront

– Ocean’ at 8.9%.

‘View – Ocean’ was the most common among Campbell River, Nanaimo, Parksville/Qualicum, and North Island

sub-areas (ranging from 42.1% to 70.3%). ‘View – Mountain’ was the most common among the Comox Valley,

Cowichan Valley, and Port Alberni/West Coast sub-areas (ranging from 41.6% to 63.9%). Finally, ‘Waterfront –

Ocean’ was the most common site characteristic in the Islands sub-area at 50%.


Type of Parking Count %

Garage-Double 2,514 45.9%

Carport-Single 1,495 27.3%

Garage-Single 930 17.0%

Carport-Multiple 206 3.8%

Garage-3 Or More 196 3.6%

Other 140 2.6%

5,481 100.0%

Site Characteristics Count %

View - Mountain 1,348 41.8%

View - Ocean 1,259 39.1%

Waterfront - Ocean 287 8.9%

View - Lake 133 4.1%

Waterfront - Lake 99 3.1%

Waterfront - River/Creek 78 2.4%

View - City 19 0.6%

3,223 100.0%


2018 Buyer Report


Board Area – Typical Buyer

This table represents the highest-frequency or most common value for each category, illustrating the

‘typical’ buyer profile for 2018.

Description Mode %

Information Category from Questionnaire Survey

Community Movement New to this community 57%

Years Lived in Same Community More than 20 years 36%

Years Away From Community 1 to 2 20%

Buyer Origin Elsewhere on Vancouver Island 23%

Major Reason for Purchase Your principal residence 82%

First Time Purchase of Principal Residence (Yes or

No)No 87%

Used RRSP for Downpayment (Yes or No) No 67%

Purchased as Retirement Residence (Yes or No) Yes 59%

How Buyers First Became Aware of PropertyMy REALTOR® supplied PCS

(Private Client Services)37%

How Buyers First Choose a REALTOR®Previously dealt with this

REALTOR®17%

Selling Price Range $350,001 to $400,000 11%

Home Type Single Family 55%

Number of Bedrooms 3 40%

Number of Bathrooms 2 45%

Exterior Vinyl 32%

Parking Garage-Double 46%

Site Characteristics View - Mountain 42%

Most frequently chosen home Characteristics from corresponding MLS® data base

CAMPBELL RIVER


2018 Buyer Report

2018 VIREB Buyer Profile 32 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 2018 residential property buyers in the Campbell River sub-area was

to move to a new community with 65 responses at 44.8%, followed by ‘Moving to a new residence in the

same community’ with 60 responses at 41.4%, and 13 responses at 9% indicated they were ‘Moving back to

the community’.

‘Moving to a new community’ decreased by 7.5% and ‘Moving to a new residence in the same community’

increased by 6.7% from 2017.







145 100.0%


2018 Buyer Report



For those respondents moving within the same community, the highest-frequency response of 41.8% was

for the category of ‘More than 20 years’. The second-highest frequency was 17.9% for the ‘1 to 2 years’

category.

In 2017, the second-highest frequency was 21.7% for the ‘6 to 10 years’ category. In 2018, ‘1 to 2 years’ was

the second most frequent response.


1 to 2 12 17.9%

3 to 5 8 11.9%

6 to 10 11 16.4%

11 to 15 2 3.0%

16 to 20 6 9.0%


67 100.0%


2018 Buyer Report



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 30.7% for the Campbell River sub-area. The second-highest

frequency was 23.1% for the ‘11 to 15 years’ category.

In 2017, the most frequent category (26.7%) was ‘More than 20 years’. The second most frequent

categories (20% each) were ’16 to 20 years’ and ‘6 to 10 years’.


6 to 10 4 30.7%

11 to 15 3 23.1%

1 to 2 2 15.4%

3 to 5 2 15.4%

16 to 20 2 15.4%


13 100.0%


2018 Buyer Report


Buyer Origin

For buyers of residential property, the primary buyer origin for the Campbell River sub-area (determined

from 78 responses) was ‘Elsewhere on Vancouver Island’ at 34.6%, followed by ‘Vancouver’ at 15.4%, and

‘Other B.C.’ at 14.1%2.

‘Elsewhere on Vancouver Island’ and ‘Alberta’ decreased by 9.2% and 3.3%, respectively, from 2017. ‘Other

B.C.’ increased 4.8% from 2017.

When aggregated, buyers originating from within B.C. totalled 80.8% of the respondents (an increase of

10.6% from 2017), and those coming from Vancouver Island totalled 41.1%, an increase from 2016 where

the total from Vancouver Island was 32.9%.

2 New beginning in 2016, respondents were only prompted to answer the question “Where are you moving from?” if they selected “Moving

back to this community” or “New to this community” in the previous question. Therefore, interperiod results must be interpreted with caution. For example, look to section C.1.a “Community Movement” in the 2016 report for the equivalent comparison for those moving “within the same area” from 2015.



Vancouver 12 15.4%

Other BC 11 14.1%



Alberta 4 5.1%

Ontario 4 5.1%

Other Canada 4 5.1%

Gulf Islands 2 2.6%




USA 0 0.0%

78 100.0%


2018 Buyer Report



The major reason for residential property purchase in the Campbell River sub-area was for ‘Principal

Residence’, with 83.5% of survey respondents choosing this option. The next highest category was

‘Downsizing’ at 10.3%.

These results were consistent with those from 2017.


‘First-time buyers’ accounted for 19.3% of purchases made in the Campbell River sub-area.

First-time buyers increased by 5% from 2017.


Your principal residence 121 83.5%

Downsizing 15 10.3%


Other 4 2.8%



145 100.0%

First Home? Count %

Yes 27 19.3%

No 113 80.7%

140 100.0%


2018 Buyer Report



The frequency of ‘First-time buyers’ using RRSPs for a down payment in the Campbell River sub-area is 20%,

signifying that the majority of ‘First-time buyers’ within the Campbell River sub-area do not use RRSPs for

their down payment.

The use of RRSPs for a down payment decreased by 16.4% from 2017.


The proportion of respondents buying their home for retirement purposes was 53%. The purchasing of

property as retirement residence has decreased by 11.5% from 2017.


Yes 5 20.0%

No 20 80.0%


27 100.0%

Retirement Residence Count %

Yes 62 53.0%

No 55 47.0%


140 100.0%


2018 Buyer Report



The top-three ways that buyers became aware of the property were ‘My REALTOR® supplied PCS’ at 38.6%,

‘Internet- REALTOR.ca site’ at 17.9%, and ‘My REALTOR® contacted me (other than PCS)’ at 12.4%.













Open House 0 0.0%


145 100.0%


2018 Buyer Report



The top-two ways that buyers chose their REALTOR® were ‘REALTOR® was recommended by my family or a

relative’ at 19.3%, followed by ‘Previously dealt with this REALTOR®’ at 16.6%.

The top two in 2017 were ‘Previously dealt with this REALTOR®’ and ‘REALTOR® was recommended by my

family or a relative’.

It remains consistent with the overall board area that REALTORS® depend primarily on referrals, with 37.9%

of REALTOR® business coming from recommendations and 24.9% from a previous relationship.




Other 16 11.0%















145 100.0%


2018 Buyer Report


Campbell River Sub-Area – Home Characteristics from MLS® Data

Selling Price Range


Above $1 million, prices were combined.

The top-three categories for the Campbell River sub-area were $350,001-$400,000 at 20.4%, $400,001-

$450,000 at 18.2%, and $300,001-$350,000 at 10.4%, totalling 49% of all sales.

The top-three categories for the Campbell River sub-area in 2017 were slightly lower: $350,001-$400,000 at

17.2%, $300,001-$350,000 at 17.0%, and $250,001-$300,000 at 11.4%, totalling 45.6% of all sales.


$0 to $50,000 4 0.5%

$50,001 to $100,000 14 1.7%

$100,001 to $150,000 30 3.7%

$150,001 to $200,000 55 6.7%

$200,001 to $250,000 36 4.4%

$250,001 to $300,000 43 5.3%

$300,001 to $350,000 85 10.4%

$350,001 to $400,000 166 20.4%

$400,001 to $450,000 148 18.2%

$450,001 to $500,000 81 9.9%

$500,001 to $550,000 50 6.1%

$550,001 to $600,000 30 3.7%

$600,001 to $650,000 18 2.2%

$650,001 to $700,000 22 2.7%

$700,001 to $750,000 10 1.2%

$750,001 to $800,000 5 0.6%

$800,001 to $850,000 6 0.7%

$850,001 to $900,000 3 0.4%

$900,001 to $950,000 3 0.4%

$950,001 to $1,000,000 1 0.1%

Over $1,000,000 5 0.6%

815 100.0%


2018 Buyer Report



2018 Buyer Report


Home Type

The top-three home types were ‘Single-Family’ at 61.7%, ‘Condominium (Apt)’ at 13.4%, and ‘Patio Home’

at 9.7%.

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’. Additionally, 61.7% of homes are single-

family in the Campbell River sub-area, which is a 6.7% increase from the board area.



Single Family 504 61.7%

Condominium (Apt) 109 13.4%

Patio Home 79 9.7%







Duplex 8 1.0%



Farm/Ranch 0 0.0%

815 100.0%


2018 Buyer Report


Number of Bedrooms

The top-three frequencies for number of bedrooms were ‘Three’ at 48%, ‘Two’ at 22.9% and ‘Four’ at

16.9%.


Number of Bathrooms

The top-three frequencies for number of bathrooms were ‘Two’ at 50.1%, ‘Three’ at 27.5%, and ‘One’ at

18.3%.



3 390 48.0%

2 186 22.9%

4 137 16.9%

5 67 8.2%

1 20 2.5%

6 11 1.4%

7 1 0.1%

8 1 0.1%

813 100.0%


2 405 50.1%

3 222 27.5%

1 148 18.3%

4 28 3.5%

5 4 0.5%

6 1 0.1%

808 100.0%


2018 Buyer Report


Exterior

The top-three house exterior types were ‘Vinyl’ at 34.6%, ‘Hardi Plank’ at 23.2%, and ‘Wood’ at 15.7%. This

is a slight change from the VIREB board area as a whole, whose order of top-three exterior types were

‘Vinyl’, ‘Wood’ and ‘Hardi Plank’.

These results are consistent with those from the 2017 survey.

Exterior Count %

Vinyl 282 34.6%

Hardi Plank 189 23.2%

Wood 128 15.7%


Stucco 33 4.0%

Aluminum 28 3.4%

Wood Vinyl 16 2.0%




Stone Vinyl 7 0.9%


Other 60 7.4%

815 100.0%


2018 Buyer Report


Parking

The top-three parking features in the Campbell River sub-area were ‘Garage-Double’ at 51.2%, ‘Carport-

Single’ at 29.2%, and ‘Garage-Single’ at 11.7%.



The top-three site characteristics were ‘View – Ocean’ at 67.3%, ‘View – Mountain’ at 22.4%, and

‘Waterfront – Ocean’ at 5.7%. These results differ slightly from the VIREB board area, as those results were

‘View – Mountain’ first, ‘View – Ocean’ second, and ‘Waterfront – Ocean’ third.



Garage-Double 298 51.2%

Carport-Single 170 29.2%




Other 4 0.7%

582 100.0%


View - Ocean 201 67.3%

View - Mountain 67 22.4%




View - City 2 0.7%

View - Lake 1 0.3%

299 100.0%


2018 Buyer Report


Campbell River Sub-Area – Typical Buyer



Ref Description Mode %


1 Community Movement New to this community 45%

2 Years Lived in Same Community More than 20 years 42%

3 Years Away From Community 6 to 10 31%

4 Buyer Origin Elsewhere on Vancouver Island 35%

5 Major Reason for Purchase Your principal residence 84%

6First Time Purchase of Principal Residence (Yes or

No)No 81%

7 Used RRSP for Downpayment (Yes or No) No 80%

8 Purchased as Retirement Residence (Yes or No) Yes 53%

9 How Buyers First Became Aware of PropertyMy REALTOR® supplied PCS


10 How Buyers First Choose a REALTOR®REALTOR® was recommended by

my family or a relative19%

11 Selling Price Range $350,001 to $400,000 21%

12 Home Type Single Family 62%

13 Number of Bedrooms 3 48%

14 Number of Bathrooms 2 50%

15 Exterior Vinyl 35%

16 Parking Garage-Double 51%

17 Site Characteristics View - Ocean 67%


COMOX VALLEY


2018 Buyer Report

2018 VIREB Buyer Profile 48 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 2018 Comox Valley sub-area residential property buyers was to move

to a new community with 155 responses at 50.8%, followed by ‘Moving to a new residence in the same

community’ with 110 responses at 36.1%, and 29 responses at 9.5% indicated they were ‘Moving back to the

community’.

The frequency of people new to the community decreased 4.3% from 2017, and the frequency of people

moving back to the community increased 8.6% from 2017.







305 100.0%


2018 Buyer Report



For those respondents moving within the same community, the highest-frequency response to the

question of how long they had lived there was for the category of ‘More than 20 years’ at 40.5%. The

second-highest frequency was 17.4% for the ’11 to 15’ category, followed by 14% for the ‘3 to 5’ category.

This is a slight change from 2017, where the ‘6 to 10 years’ category was second at 17.0%


1 to 2 10 8.3%

3 to 5 17 14.0%

6 to 10 12 9.9%

11 to 15 21 17.4%

16 to 20 12 9.9%


121 100.0%


2018 Buyer Report



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 27.7% for the Comox Valley sub-area. The second-highest

frequency was 20.7% for the ‘3 to 5 years’ category.

In 2017, the category of ’16 to 20 years’ was 26.3%. The second-highest frequency was 21.1% for the ‘6 to

10 years’ category.


6 to 10 8 27.7%

3 to 5 6 20.7%

1 to 2 5 17.2%

11 to 15 5 17.2%


16 to 20 2 6.9%

29 100.0%


2018 Buyer Report


Buyer Origin

For buyers of residential property, the primary buyer origin for the Comox Valley sub-area (determined

from 184 responses) was ‘Vancouver’ at 19%, followed by ‘Elsewhere on Vancouver Island’ at 17.4%, and

‘Ontario’ at 12.5%. When aggregated, buyers originating from within B.C. totalled 67% of the respondents,

and those coming from Vancouver Island totalled 27.7%.3

In 2017, the top frequencies were ‘Vancouver’ at 18.5%, followed by ‘Elsewhere on Vancouver Island’ at

19.1% and ‘Other B.C.’ at 14%.




Vancouver 35 19.0%


Ontario 23 12.5%

Other BC 22 12.0%

Alberta 17 9.2%




Gulf Islands 7 3.8%

Other Canada 7 3.8%



USA 1 0.5%

184 100.0%


2018 Buyer Report



The major reason for residential property purchase in the Comox Valley sub-area was for ‘Principal

Residence’ with 78.3% of survey respondents choosing this option. The next highest category was




‘First-time buyers’ accounted for 15.8% of purchases made in the Comox Valley sub-area.




Downsizing 46 15.1%

Other 11 3.6%




305 100.0%

First Home? Count %

Yes 47 15.8%

No 251 84.2%

298 100.0%


2018 Buyer Report



The frequency of ‘First-time buyers’ using RRSPs for a down payment in the Comox Valley sub-area was

34%. These results were consistent with those from the 2017 survey.


The proportion of those buying their home for retirement purposes was 56.2%.



Yes 16 34.0%

No 31 66.0%


47 100.0%


Yes 141 56.2%

No 110 43.8%


298 100.0%


2018 Buyer Report



The top-three ways that buyers became aware of the property were ‘REALTOR® supplied PCS’ at 36%,

‘Internet- REALTOR.ca site’ at 20.7%, and ‘My REALTOR® contacted me (other than PCS)’ at 14.8%. As a

matter of interest, the Internet choices totalled 26.3% when added together.












Open House 1 0.3%



305 100.0%


2018 Buyer Report



The top-three ways that buyers chose their REALTOR® were ‘Previously dealt with this REALTOR®’ and

‘REALTOR® was recommended by my family or a relative’ at 17% each, followed by ‘REALTOR® was

recommended by co-worker, associate or friend’ at 16.4%. It remains consistent that REALTORS® depend

primarily on relationship-based referrals, with 45.2% of REALTOR® business coming from a referral.








Other 21 6.9%












305 100.0%


2018 Buyer Report


Comox Valley Sub-Area – Home Characteristics from MLS® Data

Selling Price Range



The top-three categories for the Comox Valley were $350,001-$400,000 at 12.3%, $300,001-$350,000 at

11.7%, and $450,001-$500,000 at 11.3%.

In 2017, the top-three categories for the Comox Valley were $450,001-$500,000 and $400,001-$450,000 at

11.4% each, and $300,001-$350,000 at 11.1%.


$0 to $50,000 8 0.5%

$50,001 to $100,000 19 1.2%

$100,001 to $150,000 45 2.8%

$150,001 to $200,000 84 5.3%

$200,001 to $250,000 69 4.4%

$250,001 to $300,000 85 5.4%

$300,001 to $350,000 185 11.7%

$350,001 to $400,000 196 12.3%

$400,001 to $450,000 170 10.7%

$450,001 to $500,000 180 11.3%

$500,001 to $550,000 158 10.0%

$550,001 to $600,000 106 6.7%

$600,001 to $650,000 80 5.0%

$650,001 to $700,000 53 3.3%

$700,001 to $750,000 33 2.1%

$750,001 to $800,000 20 1.3%

$800,001 to $850,000 16 1.0%

$850,001 to $900,000 17 1.1%

$900,001 to $950,000 11 0.7%

$950,001 to $1,000,000 13 0.8%

Over $1,000,000 38 2.4%

1,586 100.0%


2018 Buyer Report



2018 Buyer Report


Home Type


(Twnhse)’ at 13%. In the Comox Valley, 57.5% of homes are single-family.






Patio Home 85 5.4%






Duplex 9 0.6%


Farm/Ranch 4 0.3%


1,586 100.0%


2018 Buyer Report


Number of Bedrooms


14.7%.


Number of Bathrooms


19.3%.


Number of Count %

3 703 44.5%

2 484 30.6%

4 232 14.7%

5 84 5.3%

1 59 3.7%

6 18 1.1%

7 1 0.1%

1,581 100.0%


2 711 45.1%

3 496 31.5%

1 304 19.3%

4 56 3.6%

5 7 0.4%

6 1 0.1%

1,575 100.0%


2018 Buyer Report


Exterior

The top-three house exterior types were ‘Vinyl’ at 38.3%, ‘Hardi Plank’ at 16.5%, and ‘Wood’ 13.9%.


Exterior Count %

Vinyl 607 38.3%


Wood 221 13.9%

Stucco 101 6.4%


Aluminum 51 3.2%




Stone Vinyl 18 1.1%

Wood Vinyl 14 0.9%


Other 123 7.8%

1,586 100.0%


2018 Buyer Report


Parking

The top-three parking features in the Comox Valley sub-area were ‘Garage-Double’ at 38.2%, ‘Carport-

Single’ also at 38.2%, and ‘Garage-Single’ at 14.2%.



The top-three site characteristics were ‘View – Mountain’ at 63.9%, ‘View – Ocean’ at 22.3%, and

‘Waterfront – Ocean’ at 7.2%.







Other 33 3.1%


1,049 100.0%







View - Lake 3 0.7%

View - City 2 0.5%

443 100.0%


2018 Buyer Report


Comox Valley Sub-Area – Typical Buyer







3 Years Away From Community 6 to 10 28%

4 Buyer Origin Vancouver 19%



No)No 84%





10 How Buyers First Choose a REALTOR®REALTOR® was recommended by

my family or a relative17%






16 Parking Garage-Double and Carport-Single 38%

17 Site Characteristics View - Mountain 64%


COWICHAN VALLEY


2018 Buyer Report

2018 VIREB Buyer Profile 64 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 among 2018 Cowichan Valley residential property buyers was to move

to a new community with 200 responses at 67.6%, followed by ‘Moving to a new residence in the same

community’ with 70 responses at 23.6%, and 20 responses at 6.8% indicated they were ‘Moving back to the

community’.

‘Moving to a new community’ increased by 10.6% from 2017, while ‘Moving to a new residence in the same

community’ decreased by 6% from 2017.







296 100.0%


2018 Buyer Report



For those respondents moving within the same community, the highest-frequency response to the question of how long they had lived there was for the category of ‘More than 20 years’, at 44.8%. The second-highest frequency was 18.4%, for the ‘3 to 5 years’ category. The ‘More than 20 years’ category increased by 8.7% from 2017. In 2017, ‘6 to 10 years’ was the second

most frequent category with 20.7%.


1 to 2 7 9.2%

3 to 5 14 18.4%

6 to 10 8 10.5%

11 to 15 7 9.2%

16 to 20 6 7.9%


76 100.0%


2018 Buyer Report



For those buyers moving back to a community after having lived elsewhere for some time, the categories ‘1

to 2 years’, ‘3 to 5 years’, and ’16 to 20 years’ were the most frequent at 20% each, followed by ‘6 to 10

years’ and ‘More than 20 years’ at 15% each.

In 2017, the category ‘3 to 5 years’ showed the highest frequency at 29.0%, followed by ‘11 to 15 years’ at

22.6% for the Cowichan Valley.


1 to 2 4 20.0%

3 to 5 4 20.0%

16 to 20 4 20.0%

6 to 10 3 15.0%


11 to 15 2 10.0%

20 100.0%


2018 Buyer Report


Buyer Origin

For buyers of residential property, the primary buyer origin for the Cowichan Valley sub-area (determined

from 220 responses) was ‘Elsewhere on Vancouver Island’ at 28.9%, followed by ‘Greater Victoria’ at 16.4%,

and ‘Vancouver’ and ‘Other BC’ at 10% each. When aggregated, buyers originating from within B.C. totalled

78.1% of the respondents, and those coming from Vancouver Island totalled 48.5%.4







Vancouver 22 10.0%

Other BC 22 10.0%

Alberta 18 8.2%


Ontario 14 6.4%


Gulf Islands 5 2.3%

USA 5 2.3%



Other Canada 3 1.4%

220 100.0%


2018 Buyer Report



The major reason for residential property purchase in the Cowichan Valley sub-area was for ‘Principal

Residence’ with 84.5% of survey respondents choosing this option. The next highest category was




‘First-time buyers’ accounted for 11.1% of purchases made in the Cowichan Valley sub-area. The frequency

of ‘First-time buyers’ decreased by 3.2% from 2017.



Downsizing 37 12.5%



Other 1 0.3%


296 100.0%

First Home? Count %

Yes 32 11.1%

No 257 88.9%

289 100.0%


2018 Buyer Report



The frequency of ‘First-time buyers’ using RRSPs for a down payment in the Cowichan Valley sub-area was

43.3%, signifying that most ‘First-time buyers’ within the Cowichan Valley sub-area do not use RRSPs for

their down payment.

This is an increase from 2017, where the frequency of ‘First-time buyers’ using RRSPs for a down payment

in the Cowichan Valley sub-area was 28.6%.


The proportion of those buying their home for retirement purposes was 56.4%. These results were

consistent with those from the 2017 survey.


Yes 13 43.3%

No 17 56.7%


32 100.0%


Yes 137 56.4%

No 106 43.6%

I do not know / not applicable 46 0.0%

289 100.0%


2018 Buyer Report



The top-three ways that buyers became aware of the property were ‘My REALTOR® supplied PCS’ at 36.5%,

‘Internet- Searched on REALTOR.ca’ at 23.3% and ‘Internet - searched on website other than REALTOR.ca’

at 10.1%.

As a matter of interest, the Internet choices totalled 33.4% when added together, making ‘Internet search’

the second-highest frequency choice for this category.

Other than a slight increase in ‘Internet - searched on website other than REALTOR.ca’, these results were










Open House 5 1.7%





296 100.0%


2018 Buyer Report



The top-two ways that buyers chose their REALTOR® were ‘Previously dealt with this REALTOR®’ at 18%,

followed by ‘REALTOR® was recommended by co-worker, associate, or friend’ at 14.5%. It remains

consistent that REALTORS® depend primarily on referrals, with 37.1% of REALTOR® business coming from

recommendations.









Other 19 6.4%











296 100.0%


2018 Buyer Report


Cowichan Valley – Home Characteristics from MLS® Data

Selling Price Range



The top-three categories for the Cowichan Valley were $350,001-$400,000 at 11.8%, $400,001-$450,000 at

11.1%, and $450,001-$500,000 at 10.3%, totalling 33.2% of all sales.

In 2017, the top-three categories for the Cowichan Valley were $400,001-$450,000 at 12.0%, $350,001-

$400,000 at 11.7%, and $300,001-$350,000 at 11.0%, totalling 34.7% of all sales.


$0 to $50,000 7 0.4%

$50,001 to $100,000 23 1.5%

$100,001 to $150,000 69 4.4%

$150,001 to $200,000 71 4.5%

$200,001 to $250,000 71 4.5%

$250,001 to $300,000 105 6.7%

$300,001 to $350,000 142 9.0%

$350,001 to $400,000 187 11.8%

$400,001 to $450,000 174 11.1%

$450,001 to $500,000 162 10.3%

$500,001 to $550,000 127 8.1%

$550,001 to $600,000 103 6.5%

$600,001 to $650,000 74 4.7%

$650,001 to $700,000 69 4.4%

$700,001 to $750,000 38 2.4%

$750,001 to $800,000 37 2.4%

$800,001 to $850,000 22 1.4%

$850,001 to $900,000 19 1.2%

$900,001 to $950,000 15 1.0%

$950,001 to $1,000,000 13 0.8%

Over $1,000,000 45 2.9%

1,573 100.0%


2018 Buyer Report



2018 Buyer Report


Home Type

The top-three home types were ‘Single Family’ at 50.8%, ‘Condominium (Apt)’ at 9.0%, and ‘Condominium

(Twnhse)’ at 8.3%. This is consistent with the VIREB board area as a whole.

In 2017, the top-three home types were ‘Single-Family’ at 53.6%, ‘Single Family (Strata)’ at 11.4%, and

‘Acreage with House’ at 8.3%.










Patio Home 30 1.9%

Farm/Ranch 7 0.4%

Duplex 6 0.4%



1,573 100.0%


2018 Buyer Report


Number of Bedrooms

The top-three frequencies for number of bedrooms were ‘Three’ at 41.4%, ‘Two’ at 26%, and ‘Four’ at

20.5%.


Number of Bathrooms


17.9%.


Number of

BedroomsCount %

3 649 41.4%

2 408 26.0%

4 322 20.5%

5 96 6.1%

1 59 3.8%

6 27 1.7%

7 4 0.3%

8 1 0.1%

9 1 0.1%

1,567 100.0%

Number of Count %

2 666 42.8%

3 487 31.3%

1 278 17.9%

4 105 6.7%

5 13 0.8%

6 8 0.5%

1,557 100.0%


2018 Buyer Report


Exterior

The top-three house exterior types were ‘Vinyl’ at 24.1%, ‘Hardi Plank’ 22.8%, and ‘Wood’ at 16.3%.


Exterior Count %

Vinyl 379 24.1%


Wood 256 16.3%

Stucco 248 15.8%


Aluminum 44 2.8%




Stone Vinyl 15 1.0%

Wood Vinyl 9 0.6%


Other 119 7.6%

1,573 100.0%


2018 Buyer Report


Parking

The top-three parking features in the Cowichan Valley sub-area were ‘Garage-Double’ at 44.9%, ‘Carport-

Single’ at 24.2% and ‘Garage-Single’ at 20.5%.



The top-three site characteristics were ‘View – Mountain’ at 46.2%, ‘View – Ocean’ at 30.2%, and ‘View –

Lake’ at 11.4%.








Other 24 2.2%

1,081 100.0%




View - Lake 84 11.4%




View - City 4 0.5%

736 100.0%


2018 Buyer Report


Cowichan Valley Sub-Area – Typical Buyer



Description Mode %




Years Away From Community 1 to 2, 3 to 5, and 16 to 20 20%




No)No 89%






REALTOR®18%





Exterior Vinyl 24%




NANAIMO


2018 Buyer Report

2018 VIREB Buyer Profile 80 Source: Vancouver Island Real Estate Board Nanaimo Sub-Area

Nanaimo Sub-Area – Information from Questionnaire Survey

Community Movement

The most common migration pattern of 2018 residential property buyers in the Nanaimo sub-area was to

move to a new community with 187 responses at 47.3%, followed by ‘Moving to a new residence in the same

community’ with 160 responses at 40.5%. Finally, 37 respondents (9.4%) indicated they were ‘Moving back to

the community’.








395 100.0%


2018 Buyer Report



For those respondents moving within the same community, the highest-frequency response was 31.6% for the category of ‘More than 20 years’. The second-highest frequency was 18.7% for the ‘6 to 10 years’ category. These results were similar with those from the 2017 survey, but the frequency of the ‘More than 20 years’ category decreased by 8.4%.


1 to 2 19 11.1%

3 to 5 28 16.4%

6 to 10 32 18.7%

11 to 15 21 12.3%

16 to 20 17 9.9%


171 100.0%


2018 Buyer Report



In the Nanaimo sub-area, for those buyers moving back to a community after having lived elsewhere for

some time, the categories of ‘1 to 2 years’ and ‘More than 20 years’ both showed the highest frequency at

21.1%. The second-highest frequency was 15.8% for the ‘3 to 5 years’ and ‘6 to 10 years’ categories.

For 2017, in the Nanaimo sub-area, the category of ‘6 to 10 years’ showed the highest frequency at 25.0%,

and the second-highest frequency was 22.2% for the ‘3 to 5 years’ category.


1 to 2 8 21.1%


3 to 5 6 15.8%

6 to 10 6 15.8%

11 to 15 5 13.2%

16 to 20 5 13.2%

38 100.0%


2018 Buyer Report


Buyer Origin

For buyers of residential property, the primary buyer origin for the Nanaimo sub-area (determined from

224 responses) was ‘Vancouver’ at 22.3% and ‘Elsewhere on Vancouver Island’ at 21.9%. When aggregated,

buyers originating from within B.C. totalled 77.2% of the respondents, and those coming from Vancouver

Island totalled 33.1%.5


5 New beginning in 2016, respondents were only prompted to answer the question “Where are you moving from?” if they selected “Moving back to this

community” or “New to this community” in the previous question. Therefore, interperiod results must be interpreted with caution. For example, look to section C.1.a “Community Movement” in the 2016 report for the equivalent comparison for those moving “within the same area” from 2015.


Vancouver 50 22.3%


Other BC 23 10.3%

Alberta 20 8.9%



Ontario 12 5.4%



Gulf Islands 7 3.1%

Other Canada 5 2.2%


USA 2 0.9%

224 100.0%


2018 Buyer Report



The major reason for residential property purchase in the Nanaimo sub-area was for ‘Principal Residence’

with 81% of survey respondents choosing this option. The next-highest category was ‘Downsizing’ at 14.2%.



‘First-time buyers’ accounted for 16.9% of purchases made in the Nanaimo sub-area.




Downsizing 56 14.2%

Other 8 2.0%




395 100.0%

First Home? Count %

Yes 66 16.9%

No 324 83.1%

390 100.0%


2018 Buyer Report



The frequency of ‘First-time buyers’ using RRSPs for a down payment in the Nanaimo sub-area was 38.5%,

signifying that one third of the ‘First-time buyers’ within the Nanaimo sub-area use RRSPs for their down

payment.

In 2017, 31.8% of ‘First-time buyers’ used an RRSP for their down payment.


The proportion of those buying their home for retirement purposes was 52%. These results were consistent

with those from the 2017 survey.


Yes 25 38.5%

No 40 61.5%


66 100.0%


Yes 178 52.0%

No 164 48.0%


390 100.0%


2018 Buyer Report




‘Internet- searched on REALTOR.ca’ at 22%, and ‘Internet - searched on website other than REALTOR.ca’ at

10.1%. As a matter of interest, the Internet choices totalled 32.1%, making ‘Internet Search’ the most

frequently chosen option.

In 2017, the top-three ways that buyers became aware of the property were ‘My REALTOR® supplied PCS’

at 31.6%, ‘Internet- searched on REALTOR.ca’ at 24.6%, and ‘My REALTOR® contacted me (other than PCS)’

at 14.0%.









Open House 10 2.5%





395 100.0%


2018 Buyer Report



The top-three ways that buyers chose their REALTOR® were ‘Previously dealt with this REALTOR®’ at 18.2%,

followed by ‘REALTOR® was recommended by co-worker, associate, or friend’ at 14.4%, and ‘REALTOR®

was recommended by my family or a relative’ at 13.7%. It remains consistent that REALTORS® depend

primarily on referral-based advertising, with 38.5% of REALTOR® business coming from a recommendation.








Other 34 8.6%












395 100.0%


2018 Buyer Report


Nanaimo – Home Characteristics from MLS® Data

Selling Price Range



The top-three categories for the Nanaimo area were $450,001-$500,000 at 12%, $400,001-$450,000 at

10.0%, and $500,001-$550,000 at 9.5%, totalling 31.5% of all sales.

The results were concentrated slightly lower in 2017. The top-three categories for the Nanaimo area were

$400,001-$450,000 at 12.8%, $350,001-$400,000 at 10.3%, and $450,001-$500,000 at 10.0%, totalling

33.1% of all sales.


$0 to $50,000 2 0.1%

$50,001 to $100,000 37 1.6%

$100,001 to $150,000 66 2.8%

$150,001 to $200,000 84 3.6%

$200,001 to $250,000 152 6.5%

$250,001 to $300,000 142 6.1%

$300,001 to $350,000 190 8.1%

$350,001 to $400,000 215 9.2%

$400,001 to $450,000 234 10.0%

$450,001 to $500,000 277 12.0%

$500,001 to $550,000 222 9.5%

$550,001 to $600,000 204 8.7%

$600,001 to $650,000 159 6.8%

$650,001 to $700,000 94 4.0%

$700,001 to $750,000 69 3.0%

$750,001 to $800,000 45 1.9%

$800,001 to $850,000 39 1.7%

$850,001 to $900,000 24 1.0%

$900,001 to $950,000 15 0.6%

$950,001 to $1,000,000 17 0.7%

Over $1,000,000 49 2.1%

2,336 100.0%


2018 Buyer Report



2018 Buyer Report


Home Type


(Twnhse)’ at 9.2%. This is consistent with the VIREB board area as a whole. In Nanaimo, 66.4% of homes

purchased in 2018 were single-family homes.



Single Family 1,276 54.8%





Patio Home 89 3.8%




Duplex 16 0.7%

Farm/Ranch 3 0.1%



2,336 100.0%


2018 Buyer Report


Number of Bedrooms


19.1%. These results were consistent with those from the 2017 survey.

Number of Bathrooms

The top-three frequencies for number of bathrooms were ‘Two’ at 39.1%, ‘Three’ 33%, and ‘One’ at 19.5%.


Number of Count %

3 740 31.7%

2 649 27.8%

4 446 19.1%

5 277 11.9%

1 122 5.2%

6 83 3.6%

7 13 0.6%

9 2 0.1%

10 2 0.1%

12 1 0.0%

2,335 100.0%

Number of Count %

2 907 39.1%

3 766 33.0%

1 452 19.5%

4 161 6.9%

5 23 1.0%

6 9 0.4%

7 2 0.1%

2,320 100.0%


2018 Buyer Report


Exterior

The top-three house exterior types were ‘Vinyl’ at 41.9%, ‘Wood’ at 14.7%, and ‘Stucco’ at 10.7%.


Exterior Count %

Vinyl 978 41.9%

Wood 343 14.7%

Stucco 249 10.7%



Aluminum 56 2.4%


Wood Vinyl 29 1.2%

Stone Vinyl 27 1.2%




Other 231 9.9%

2,336 100.0%


2018 Buyer Report


Parking

The top-three parking features in Nanaimo were ‘Garage-Double’ at 48.9%, ‘Carport-Single’ at 25.5%, and

‘Garage-Single’ at 15.7%.











Other 42 2.9%


1,455 100.0%





View - Lake 40 4.6%



View - City 6 0.7%

877 100.0%


2018 Buyer Report


Nanaimo Sub-Area – Typical Buyer







3 Years Away From Community 1 to 2 and More than 20 years 21%

4 Buyer Origin Vancouver 22%



No)No 83%





10 How Buyers First Choose a REALTOR®Previously dealt with this

REALTOR®18%






16 Parking Garage-Double 49%

17 Site Characteristics View - Ocean 50%


PARKSVILLE/QUALICUM


2018 Buyer Report

2018 VIREB Buyer Profile 96 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 2018 residential property buyers of the Parksville/Qualicum sub-area

was to move to a new community with 193 responses at 69.4%, followed by ‘Moving to a new residence in

the same community’ with 59 responses at 21.2%, and ‘Moving back to the community’ with 20 responses at

7.2%.








278 100.0%


2018 Buyer Report



For those respondents moving within the same community, the highest-frequency response was 24.7% for

the category of ‘More than 20 years’. The second-highest frequency was 21.5% for the ‘6 to 10 years’

category.



1 to 2 4 6.2%

3 to 5 11 16.9%

6 to 10 14 21.5%

11 to 15 9 13.8%

16 to 20 11 16.9%


65 100.0%


2018 Buyer Report



For those buyers moving back to a community after having lived elsewhere for some time, the category of

‘3 to 5 years’ showed the highest frequency at 31.5% for the Parksville/Qualicum sub-area. The next highest

frequency was 26.3% for the ’1 to 2 years’ category.



3 to 5 6 31.5%

1 to 2 5 26.3%

6 to 10 3 15.8%


11 to 15 1 5.3%

16 to 20 1 5.3%

19 100.0%


2018 Buyer Report


Buyer Origin

For buyers of residential property, the primary buyer origin for the Parksville/Qualicum sub-area

(determined from 213 responses) was ‘Vancouver’ at 19.2%, followed by ‘Other BC’ at 16.9%, and

‘Elsewhere on Vancouver Island’ and ‘Fraser Valley’ at 15.5% each. When aggregated, all buyers originating

from within B.C. totalled 79.8% of the respondents, and those coming from Vancouver Island totalled

26.8%.6

In 2017, the ‘Elsewhere on Vancouver Island’ category was 22.9%, followed by ‘Vancouver’ at 18.1%, and

‘Other B.C.’ at 13.8%.

6 New starting in 2016, respondents were only prompted to answer the question “Where are you moving from?” if they selected “Moving back

to this community” or “New to this community” in the previous question. Therefore, interperiod results must be interpreted with caution. For example, look to section C.1.a “Community Movement” in the 2016 report for the equivalent comparison for those moving “within the same area” from 2015.


Vancouver 41 19.2%

Other BC 36 16.9%



Alberta 22 10.3%


Ontario 8 3.8%



USA 4 1.9%

Gulf Islands 3 1.4%

Other Canada 3 1.4%


213 100.0%


2018 Buyer Report



The major reason for residential property purchase in the Parksville/Qualicum sub-area was for ‘Principal

Residence’, with 83.8% of survey respondents choosing this option. The next highest category was




‘First-time buyers’ accounted for 5.2% of purchases made in the Parksville/Qualicum sub-area. This

represents a decrease of 10% from 2017, where the frequency of ‘first-time buyers’ was 15.2%.



Downsizing 33 11.9%



Other 3 1.1%


278 100.0%

First Home? Count %

Yes 14 5.2%

No 255 94.8%

269 100.0%


2018 Buyer Report



The frequency of ‘First-time buyers’ using RRSPs for a down payment in the Parksville/Qualicum sub-area

was 7.1%.

This is a decrease of 32.4% from 2017, where the frequency of ‘First-time buyers’ using RRSPs for a down

payment was 39.5%, however, there were only 14 responses to this category in 2018, while 43 responses

were received in 2017.


The proportion of those buying their home for retirement purposes was 75.3%. Parksville/Qualicum has

one of the highest retirement-residence percentages within the VIREB board area.

This represents an increase of 21.5% from 2017, where the frequency of those buying a home for

retirement purposes was 53.8%.


Yes 1 7.1%

No 13 92.9%


14 100.0%


Yes 180 75.3%

No 59 24.7%


269 100.0%


2018 Buyer Report




followed by ‘Internet - searched on REALTOR.ca’ at 19.4%, and ‘My REALTOR® contacted me (other than

PCS)’ at 11.9%. As a matter of interest, the Internet choices totalled 30.2%.


at 43.7%, ‘Internet- searched on REALTOR.ca’ at 17.2%, and ‘My REALTOR® contacted me (other than PCS)’

at 9.8%.










Open House 3 1.1%




278 100.0%


2018 Buyer Report



The top ways that buyers chose their REALTOR® were ‘Previously dealt with this REALTOR®’ at 15.8%,

‘REALTOR® was recommended/referred by another REALTOR®’ at 15.5%, and ‘REALTOR® was

recommended by my family or a relative’ at 14%. It remains consistent that REALTORS® depend primarily

on referral-based advertising, with 41.4% of REALTOR® business coming from a recommendation.

In 2017, the top ways that buyers chose their REALTOR® were ‘REALTOR® was recommended by co-worker,

associate, or friend’ at 18.6%, followed by ‘Previously dealt with this REALTOR®’ at 17.8%, and ‘REALTOR®

was recommended/referred by another REALTOR®’ at 11.4%.







Other 22 7.9%












278 100.0%


2018 Buyer Report


Parksville/Qualicum – Home Characteristics from MLS® Data

Selling Price Range



The top-three categories for Parksville/Qualicum were $400,001-$450,000 at 10.4%, followed by $450,001-

$500,000 at 9.7% and $500,001-$550,000 at 8.9%, totalling 29% of all sales.

The top-three categories for Parksville/Qualicum in 2017 were $400,001-$450,000 at 13.2%, followed by

$450,000-$500,001 at 11.1% and $350,001-$400,000 at 10.3%, totalling 34.6% of all sales.


$0 to $50,000 12 1.1%

$50,001 to $100,000 17 1.5%

$100,001 to $150,000 22 1.9%

$150,001 to $200,000 27 2.4%

$200,001 to $250,000 42 3.7%

$250,001 to $300,000 48 4.2%

$300,001 to $350,000 44 3.9%

$350,001 to $400,000 74 6.5%

$400,001 to $450,000 119 10.4%

$450,001 to $500,000 111 9.7%

$500,001 to $550,000 101 8.9%

$550,001 to $600,000 96 8.4%

$600,001 to $650,000 81 7.1%

$650,001 to $700,000 54 4.7%

$700,001 to $750,000 62 5.4%

$750,001 to $800,000 60 5.3%

$800,001 to $850,000 38 3.3%

$850,001 to $900,000 28 2.5%

$900,001 to $950,000 18 1.6%

$950,001 to $1,000,000 12 1.1%

Over $1,000,000 73 6.4%

1,139 100.0%


2018 Buyer Report



2018 Buyer Report


Home Type

The top categories were ‘Single Family’ at 56%, ‘Patio Home’ at 9.2%, and Condominium (Apt) at 8.5%. This

differs from the VIREB board area as a whole, where the top-three choices were ‘Single-Family’,

‘Condominium (Apt)’, and ‘Condominium (Twnhse)’. In Parksville/Qualicum, 76% of homes purchased in

2018 were single-family homes.

The categories in 2017 were ‘Single-Family’ at 57.0%, ‘Condominium (Apt)’ at 8.5%, and ‘Patio Home’ at

8.2%.



Patio Home 105 9.2%









Farm/Ranch 1 0.1%

Duplex 0 0.0%


1,139 100.0%


2018 Buyer Report


Number of Bedrooms

The top-three frequencies for number of bedrooms were ‘Three’ at 47%, ‘Two’ at 33.2%, and ‘Four’ at 12%.


Number of Bathrooms

The top-three frequencies for number of bathrooms were ‘Two’ 53.4%, ‘Three’ at 23.5%, and ‘One’ at

16.9%. These results were consistent with those from the 2017 survey.

Number of Count %

3 534 47.0%

2 377 33.2%

4 137 12.0%

1 42 3.7%

5 39 3.4%

6 6 0.5%

7 1 0.1%

8 1 0.1%

1,137 100.0%

Number of Count %

2 602 53.4%

3 265 23.5%

1 191 16.9%

4 59 5.2%

5 11 1.0%

1,128 100.0%


2018 Buyer Report


Exterior

The top-three house exterior types were ‘Wood’ at 27.4%, ‘Hardi Plank’ at 19.8%, and ‘Vinyl’ at 19.1%.

In 2017, the top-three house exterior types were ‘Wood’ at 28.9%, ‘Vinyl’ at 21.5%, and ‘Hardi Plank’ at

21.0%.

Exterior Count %

Wood 312 27.4%


Vinyl 217 19.1%

Stucco 145 12.7%



Aluminum 23 2.0%



Wood Vinyl 2 0.2%

Stone Vinyl 2 0.2%


Other 97 8.5%

1,139 100.0%


2018 Buyer Report


Parking

The top-three parking features in Parksville/Qualicum were ‘Garage-Double’ at 59.9%, ‘Carport-Single’ at

19.2%, and ‘Garage-Single’ at 12.4%. These results were consistent with those from the 2017 survey.


The top-three site characteristics were ‘View – Ocean’ at 39.6%, ‘Waterfront – Ocean’ at 25.4%, and ‘View –

Mountain’ at 25.1%.

In 2017, the top-three site characteristics were ‘View – Ocean’ at 41.9%, ‘View – Mountain’ at 26.5%, and








Other 16 1.9%

822 100.0%







View - City 3 0.9%

View - Lake 1 0.3%

331 100.0%


2018 Buyer Report


Parksville/Qualicum Sub-Area – Typical Buyer



Description Mode %





Buyer Origin Vancouver 19%



No)No 95%






REALTOR®16%





Exterior Wood 27%


Site Characteristics View - Ocean 40%


PORT ALBERNI/WEST COAST


2018 Buyer Report

2018 VIREB Buyer Profile 112 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 2018 residential property buyers of the Port Alberni/West Coast sub-

area was to move to a new community with 29 responses at 58%, followed by ‘Moving to a new residence in

the same community’ with 13 responses at 26%, and ‘Moving back to the community’ with five responses at

10%.

These results were mostly consistent with those from the 2017 survey.







50 100.0%


2018 Buyer Report



For those respondents moving within the same community, the highest-frequency response was 49.9% for

the category of ‘More than 20 years’. The second-highest frequency was 25% for the category of ‘6 to 10

years’. The third-highest-frequency response was 12.5% for the category ‘1 to 2 years’.

In 2017, the highest-frequency response was 31.9% for the category of ‘More than 20 years’. The second-

highest frequency was 22.7% for both the ‘6 to 10 years’ and ’11 to 15 years’ categories.


1 to 2 2 12.5%

3 to 5 0 0.0%

6 to 10 4 25.0%

11 to 15 1 6.3%

16 to 20 1 6.3%


16 100.0%


2018 Buyer Report



For those buyers moving back to the community after time away, the most frequent responses were ‘11 to

15 years’ and ‘More than 20 years’, both at 40%. The second most frequent response was ‘1 to 2 years’ at

20%.

For 2017, the single respondent chose ‘More than 20 years’.

*Note: With only five respondents, this sample may not be representative*


11 to 15 2 40.0%


1 to 2 1 20.0%

3 to 5 0 0.0%

6 to 10 0 0.0%

16 to 20 0 0.0%

5 100.0%


2018 Buyer Report


Buyer Origin

For buyers of residential property, the primary buyer origin for the Port Alberni/West Coast sub-area

(determined from 34 responses) was ‘Elsewhere on Vancouver Island’ at 26.7%, ‘Vancouver’ at 17.6%, and

‘Greater Victoria’ at 14.7%. When aggregated, all buyers originating from within B.C. totalled 76.6% of the

respondents and those coming from Vancouver Island totalled 41.4%.7

In 2017, the top-three categories were ‘Elsewhere on Vancouver Island’ at 19.5%, ‘Vancouver’ at 17.6%,

and ‘Alberta’ at 15.7%.

7 New starting in 2016, respondents were only prompted to answer the question “Where are you moving from?” if they selected “Moving back

to this community” or “New to this community” in the previous question. Therefore, interperiod results must be interpreted with caution. For example, look to section C.1.a “Community Movement” in the 2016 report for the equivalent comparison for those moving “within the same area” from 2015.



Vancouver 6 17.6%


Other BC 3 8.8%

Other Canada 3 8.8%


Alberta 2 5.9%

Gulf Islands 1 2.9%

Ontario 1 2.9%

USA 1 2.9%




34 100.0%


2018 Buyer Report



The major reason for residential property purchase in the Port Alberni/West Coast sub-area was for

‘Principal Residence’ with 84% of survey respondents choosing this option. The next highest category was

‘Downsizing’ at 10%.



‘First-time buyers’ accounted for 18.8% of purchases made in the Port Alberni/West Coast sub-area. This

represents an increase of 8.5% from 2017, where the frequency of ‘First-time buyers’ was 10.3%.



Downsizing 5 10.0%


Other 1 2.0%



50 100.0%

First Home? Count %

Yes 9 18.8%

No 39 81.2%

48 100.0%


2018 Buyer Report



The frequency of ‘First-time buyers’ using RRSPs for a down payment in the Port Alberni/West Coast sub-

area was 33.3%, signifying that the majority of people within the Port Alberni/West Coast sub-area do not

use RRSPs for their down payment.

The frequency of ‘First-time buyers’ using RRSPs for a down payment on their homes increased by 16.6%

from 2017.


The proportion of those buying their home for retirement purposes was 51.4%. This is a decrease of 7.9%

from last year.


Yes 3 33.3%

No 6 66.7%


9 100.0%


Yes 19 51.4%

No 18 48.6%


48 100.0%


2018 Buyer Report




‘Internet – searched on website other than REALTOR.ca’ at 22%, and ‘Internet – searched on REALTOR.ca’

at 16%. As a matter of interest, the Internet choices totalled 38%.


at 32.2%, ‘Internet – searched on REALTOR.ca’ at 25.7%, and ‘Internet – searched on website other than

REALTOR.ca’ at 12.2%.










Open House 0 0.0%




50 100.0%


2018 Buyer Report



The top-three ways that buyers chose their REALTOR® were ‘Previously dealt with this REALTOR® at 18%,

‘REALTOR® was recommended by my family or a relative’ at 16%, and ‘REALTOR® was

recommended/referred by another REALTOR® at 14%. In the Port Alberni/West Coast area, 24% of

REALTOR® referrals come from a previous relationship.

In 2017, the top-three ways that buyers chose their REALTOR® were ‘REALTOR® was recommended by co-

worker, associate, or friend’ at 16.1%, followed by ‘REALTOR® was recommended by my family or a

relative’ and ‘REALTOR® was recommended by another REALTOR®’ at 13.5% each.








Other 3 6.0%











50 100.0%


2018 Buyer Report


Port Alberni/West Coast – Home Characteristics from MLS® Data

Selling Price Range



The top-three categories for the Port Alberni/West Coast sub-area were $250,001-$300,000 at 15.3%,

$200,001-$250,000 at 14.8%, and $300,001-$350,000 at 13.5%.

In 2017, the top-three categories for the Port Alberni/West Coast sub-area were $200,001-$250,000 at

23.7%, $150,001-$200,000 at 14.1%, and $250,001-$300,000 at 13.4%.


$0 to $50,000 1 0.2%

$50,001 to $100,000 12 2.3%

$100,001 to $150,000 35 6.7%

$150,001 to $200,000 52 9.9%

$200,001 to $250,000 78 14.8%

$250,001 to $300,000 82 15.3%

$300,001 to $350,000 71 13.5%

$350,001 to $400,000 53 10.1%

$400,001 to $450,000 29 5.5%

$450,001 to $500,000 23 4.4%

$500,001 to $550,000 23 4.4%

$550,001 to $600,000 15 2.9%

$600,001 to $650,000 13 2.5%

$650,001 to $700,000 8 1.5%

$700,001 to $750,000 7 1.3%

$750,001 to $800,000 3 0.6%

$800,001 to $850,000 3 0.6%

$850,001 to $900,000 2 0.4%

$900,001 to $950,000 1 0.2%

$950,001 to $1,000,000 1 0.2%

Over $1,000,000 14 2.7%

526 100.0%


2018 Buyer Report



2018 Buyer Report


Home Type

The top-three home types were ‘Single-Family’ at 68.3%, ‘Condominium (Twnhse)’ at 7.2%, and

‘Manufactured/Mobile on Pad’ at 5.1%. This varies from the VIREB board area as a whole, whose top-three

choices were ‘Single-Family’, ‘Condominium (Apt)’, and ‘Condominium (Twnhse)’. In the Port Alberni/West

Coast area, 80.2% of homes purchased in 2018 were single-family homes.

In 2017, the top-three home types were ‘Single-Family’ at 67.2%, ‘Condominium (Twnhse)’ at 5.8%, and

‘Condominium (Apt)’ at 5.7%.









Duplex 7 1.3%


Patio Home 3 0.6%



Farm/Ranch 0 0.0%

526 100.0%


2018 Buyer Report


Number of Bedrooms

The top-three frequencies for number of bedrooms were ‘Three’ at 39%, ‘Two’ at 23.5%, and ‘Four’ at

21.2%.

In 2017, the top-three frequencies for number of bedrooms were ‘Three’ at 37.7%, ‘Four’ at 24.7%, and

‘Two’ at 22.2%.

Number of Bathrooms

The top-three frequencies for number of bathrooms were ‘Two’ at 44.9%, ‘One’ at 28.8%, and ‘Three’ at

19.8%.


Number of Count %

3 204 39.0%

2 123 23.5%

4 111 21.2%

5 41 7.8%

1 20 3.8%

6 19 3.6%

7 2 0.4%

8 2 0.4%

10 1 0.2%

523 100.0%

Number of Count %

2 234 44.9%

1 150 28.8%

3 103 19.8%

4 25 4.8%

5 6 1.2%

6 3 0.6%

521 100.0%


2018 Buyer Report


Exterior

The top-three house exterior types were ‘Wood’ at 25.9%, ‘Vinyl’ at 24.5% and ‘Stucco’ at 17.3%.


Exterior Count %

Wood 136 25.9%

Vinyl 129 24.5%

Stucco 91 17.3%

Hardi Plank 47 8.9%


Aluminum 14 2.7%

Wood Vinyl 6 1.1%




Stone Vinyl 1 0.2%


Other 45 8.6%

526 100.0%


2018 Buyer Report


Parking

The top-three parking features in the Port Alberni/West Coast sub-area was ‘Garage-Single’ at 30.6%,

followed by ‘Garage-Double’ at 28.4% and ‘Carport-Single’ at 26.1%.

In 2017, the top-three parking features in this sub-area were ‘Garage-Double’ and ‘Carport-Single’ both at

28.1%, followed by ‘Garage-Single’ at 26.8%.


The top-three site characteristics were ‘View – Mountain’ at 69.6%, ‘View – Ocean’ at 15.9%, and








Other 15 4.8%


310 100.0%







View - Lake 4 1.3%

View - City 2 0.6%

309 100.0%


2018 Buyer Report


Port Alberni/West Coast Sub-Area – Typical Buyer



Description Mode %




Years Away From Community 11 to 15 and More than 20 years 40%




No)No 81%






REALTOR®18%





Exterior Wood 26%

Parking Garage-Single 31%



NORTH ISLAND


2018 Buyer Report

2018 VIREB Buyer Profile 128 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 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 fourteen who responded to the buyers’ survey and, accordingly, the results in this zone can

only be said to represent the circumstances of those fourteen individual buyers and not the zone in

general.


2018 Buyer Report


North Island Sub-Area – Information from Questionnaire Survey

Community Movement

The most common migration pattern of 2018 residential property buyers of the North Island sub-area was to

move to a new community with 13 responses at 86.7%, followed by ‘Moving to a new residence in the same

community’ at 13.3%.

Due to the small sample size, there were larger inter-period changes, but the results were reasonably

consistent with the 2017 survey.







15 100.0%


2018 Buyer Report



For 2018, of the two respondents moving within the same community, one respondent indicated ‘3 to 5

years’ and the other indicated ‘6 to 10 years’.

In 2017, there were three responses. The responses were for the categories of ‘3 to 5 years’, ‘6 to 10 years’,

and ‘More than 20 years’, each at 33.3%.


*There were no responses to this question in 2018 or 2017.


1 to 2 0 0.0%

3 to 5 1 50.0%

6 to 10 1 50.0%

11 to 15 0 0.0%

16 to 20 0 0.0%


2 100.0%


2018 Buyer Report


Buyer Origin

For buyers of residential property, the primary buyer origin for the North Island sub-area (determined from

13 responses) was ‘Elsewhere on Vancouver Island’ at 30.7%, followed by ‘Other B.C.’ at 23.1%.8 The total

from B.C. is 69.2%, and the total from Vancouver Island is 38.4%.

In 2017, the primary buyer origin for the North Island sub-area (determined from 11 responses) was

‘Vancouver’ at 27.2%, followed by ‘Elsewhere on Vancouver Island’ and ‘Other B.C.’ at 18.2% each.9 The

total from B.C. was 81.8%, and the total from Vancouver Island was 27.3%.





Other BC 3 23.1%




Alberta 1 7.7%

Ontario 1 7.7%


Gulf Islands 0 0.0%

Vancouver 0 0.0%

Other Canada 0 0.0%

USA 0 0.0%


13 100.0%


2018 Buyer Report



The major reason for residential property purchase in the North Island sub-area was for ‘Principal

Residence’, with 93.3% of survey respondents choosing this option.

This marks an increase of 21.7% from 2017.


‘First-time buyers’ accounted for 20% of purchases made in the North Island sub-area. These results were




Downsizing 1 6.7%




Other 0 0.0%

15 100.0%

First Home? Count %

Yes 3 20.0%

No 12 80.0%

15 100.0%


2018 Buyer Report



There were only three responses for this question in the North Island sub-area, two of which used an RRSP

for their down payment.

In 2017, the single respondent indicated that they used their RRSP for a down payment.


The proportion of those buying their home for retirement purposes was 46.7%. These results were



Yes 2 66.7%

No 1 33.3%


3 100.0%


No 8 53.3%

Yes 7 46.7%


15 100.0%


2018 Buyer Report



The top-three ways that buyers became aware of the property were ‘Internet – searched on REALTOR.ca’ at

40%, ‘My REALTOR® supplied PCS (Private Client Services) at 26.7%, and ‘Internet – searched on website

other than REALTOR.ca’ and ‘Saw a FOR SALE sign on Property’ at 13.3% each.

In 2017, the top-three ways that buyers became aware of the property were ‘‘My REALTOR® supplied PCS’

at 50.0%, ‘Internet- searched on REALTOR.ca’ at 28.6%, and ‘Contacted a Real Estate office’ at 14.3%.









Open House 0 0.0%





15 100.0%


2018 Buyer Report



The top ways that buyers chose their REALTOR® were ‘REALTOR® is a friend or co-worker’ at 26.7%,

followed by ‘Internet-REALTOR® was the agent on listed property’ and ‘Called the REALTOR® shown on a

For Sale sign on property’ at 20% each. In the North Island sub-area, REALTORS® depend primarily on

previous relationships, with 40% of REALTOR® business coming from that market segment.

In 2017, the top ways that buyers chose their REALTOR® were ‘REALTOR® is a friend or co-worker’ at 21.6%,

followed by ‘Previously dealt with this REALTOR®’, ‘Internet - REALTOR® was the agent on listed property’,

and ‘REALTOR® was recommended/referred by another REALTOR®’, all at 14.3%.







Other 1 6.7%












15 100.0%


2018 Buyer Report


North Island – Home Characteristics from MLS® Data

Selling Price Range



The top-three categories for the North Island were $50,001-$100,000 at 18.2%, $150,001-$200,000 at

17.5%, and $100,001-$150,000 at 17%, totalling 52.7%.

In 2017, the sales prices were slightly higher, as the top-three categories for the North Island were

$150,001-$200,000 at 21.1%, $100,001-$150,000 at 20.1%, and $50,001-$100,000 at 17.4%, totalling 58.6%

of all sales.


$0 to $50,000 24 10.8%

$50,001 to $100,000 40 18.2%

$100,001 to $150,000 38 17.0%

$150,001 to $200,000 39 17.5%

$200,001 to $250,000 33 14.8%

$250,001 to $300,000 21 9.4%

$300,001 to $350,000 14 6.3%

$350,001 to $400,000 9 4.0%

$400,001 to $450,000 1 0.4%

$450,001 to $500,000 1 0.4%

$500,001 to $550,000 1 0.4%

$550,001 to $600,000 0 0.0%

$600,001 to $650,000 1 0.4%

$650,001 to $700,000 0 0.0%

$700,001 to $750,000 0 0.0%

$750,001 to $800,000 0 0.0%

$800,001 to $850,000 0 0.0%

$850,001 to $900,000 0 0.0%

$900,001 to $950,000 0 0.0%

$950,001 to $1,000,000 0 0.0%

Over $1,000,000 1 0.4%

223 100.0%


2018 Buyer Report



2018 Buyer Report


Home Type

The top-three home types were ‘Single Family’ at 58%, ‘Condominium (Apt)’ at 12.6%, and ‘Condominium

(Twnhse)’ at 10.3%. In the North Island sub-area, 68.7% of homes sold in 2018 are considered single-family

homes.

The results were consistent with those from the 2017 survey.










Patio Home 3 1.3%

Duplex 2 0.9%



Farm/Ranch 0 0.0%

223 100.0%


2018 Buyer Report


Number of Bedrooms


18.6%.

In 2017, the top-three frequencies for number of bedrooms were the same, with slightly differing

percentages of ‘Three’ at 44.7%, ‘Four’ at 25.7%, and ‘Two’ at 20.0%.

Number of Bathrooms

The top-three frequencies for number of bathrooms were ‘Two’ at 49.3%, ‘One’ at 30%, and ‘Three’ at

18.8%.


Number Count %

3 100 45.5%

2 54 24.5%

4 41 18.6%

5 17 7.7%

1 5 2.3%

6 2 0.9%

8 1 0.5%

220 100.0%

Number of Count %

2 110 49.3%

1 67 30.0%

3 42 18.8%

4 2 0.9%

5 2 0.9%

223 100.0%


2018 Buyer Report


Exterior

The top-three house exterior types were ‘Vinyl’ at 36.8%, ‘Wood’ at 35.9%, and ‘Other’ at 7.6%.

In 2017, the top-three house exterior types were ‘Wood’ at 42.5%, ‘Vinyl’ at 33.5%, and ‘Aluminium’ at

10.5%.

Exterior Count %

Vinyl 82 36.8%

Wood 80 35.9%

Aluminum 15 6.7%

Stucco 12 5.4%

Wood Vinyl 6 2.7%


Hardi Plank 4 1.8%




Stone Vinyl 0 0.0%


Other 18 8.1%

223 100.0%


2018 Buyer Report


Parking

The top-three parking features in the North Island sub-area were ‘Garage-Single’ at 37.8%, ‘Carport-Single’ at

31.5%, and ‘Garage-Double’ at 15.3%.











Other 4 3.6%


111 100.0%







View - City 0 0.0%

View - Lake 0 0.0%

128 100.0%


2018 Buyer Report


North Island Sub-Area – Typical Buyer



Description Mode %



Years Lived in Same Community 3 to 5 and 6 to 10 50%

Years Away From Community No Response




No)No 80%

Used RRSP for Downpayment (Yes or No) Yes 67%

Purchased as Retirement Residence (Yes or No) No 53%

How Buyers First Became Aware of PropertyInternet - searched on

REALTOR.ca40%

How Buyers First Choose a REALTOR® REALTOR® is a friend or co-worker 27%





Exterior Vinyl 37%


Site Characteristics View - Ocean 60%


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


2018 Buyer Report

2018 VIREB Buyer Profile 146 Source: Vancouver Island Real Estate Board Islands Sub-Area

Islands Sub-Area – Information from Questionnaire Survey

Community Movement

The most common migration pattern of 2018 residential property buyers of the Islands sub-area

was ‘New to the community’ with 33 responses at 82.5%, ‘Moving to a new residence in the same

community’ with three responses at 7.5%, and ‘Not moving, but purchasing an additional residence

in a different community’ with two responses at 5%.

In 2017, the most common migration pattern of residential property buyers of the Islands sub-area

was ‘New to the community’ and ‘Moving to a new residence in same community’ with 17

responses each at 42.5%, followed by ‘Moving back to this community’ at 10.0%.







40 100.0%


2018 Buyer Report



For those respondents moving within the same community, the highest-frequency responses were

‘1 to 2 years’ and ‘3 to 5 years’, both at 33.3%, followed by ’11 to 15 years’ and ’More than 20

years’ at 16.7% each.

In 2017, the highest-frequency response was 36.8% for the category ‘6 to 10 years’, followed by ‘1

to 2 years’, ‘3 to 5 years’ and ‘More than 20 years’, all at 15.8%.


1 to 2 2 33.3%

3 to 5 2 33.3%

6 to 10 0 0.0%

11 to 15 1 16.7%

16 to 20 0 0.0%


6 100.0%


2018 Buyer Report



There was one respondent who moved back to their community after time away. They indicated

they had been away for ’16 to 20 years’.

In 2017, the categories ‘1 to 2 years’, ‘3 to 5 years’, ‘6 to 10 years’, and ’16 to 20 years’ each saw

25.0% of respondents.

*Note: with only one respondent, this sample may not be representative.*


16 to 20 1 100.0%

1 to 2 0 0.0%

3 to 5 0 0.0%

6 to 10 0 0.0%

11 to 15 0 0.0%


1 100.0%


2018 Buyer Report


Buyer Origin

For buyers of residential property, the primary buyer origin for the Islands sub-area (determined

from 34 responses) was ‘Elsewhere on Vancouver Island’ at 23.6%, ‘Vancouver’ at 17.6%, and

‘Fraser Valley’ and ‘Ontario’ at 14.7% each. Buyers from B.C. made up 70.6% of total buyers for the

Islands sub-area, of which 41.1% were from Vancouver Island.

In 2017, ‘Vancouver’, ‘Fraser Valley’, and ‘Elsewhere on Vancouver Island’ were all at 19.0%. When

aggregated, buyers originating from within B.C. totalled 76.1%, and those coming from Vancouver

Island totalled 33.3%.



Vancouver 6 17.6%


Ontario 5 14.7%


Other BC 2 5.9%

Alberta 2 5.9%

Other Canada 2 5.9%

Gulf Islands 1 2.9%



USA 0 0.0%


34 100.0%


2018 Buyer Report



The major reason for residential property purchase in the Islands sub-area was for ‘Principal

Residence’ with 82.5% of survey respondents choosing this option, followed by

‘Recreation/Vacation home’ and ‘Other’ at 7.5% each, the most common reason being lifestyle-

related changes.



‘First-time buyers’ accounted for only 8.1% of purchases made in the Islands sub-area.

This is a decrease from last year, where ‘First-time buyers’ accounted for 21.1% of purchases.




Other 3 7.5%

Downsizing 1 2.5%



40 100.0%

First Home? Count %

Yes 3 8.1%

No 34 91.9%

37 100.0%


2018 Buyer Report



None of the three respondents indicated they used an RRSP for their down payment.

This is a decrease from last year, when the frequency of ‘First-time buyers’ using RRSPs for a down

payment in the Islands sub-area was 50.0%.


The proportion of those buying their home for retirement purposes was 81.8%.

These results are consistent with the 2017 survey.


Yes 0 0.0%

No 3 100.0%


3 100.0%


Yes 27 81.8%

No 6 18.2%


37 100.0%


2018 Buyer Report



The top-three ways that buyers became aware of the property were ‘My REALTOR® supplied PCS’

at 27.5%, followed by ‘Internet- searched on REALTOR.ca’ and ‘Internet – searched on website

other than REALTOR.ca’ at 22.5% each.

In 2017, the top-three ways that buyers became aware of the property were ‘My REALTOR®

supplied PCS’ at 32.5%, ‘Internet- searched on REALTOR.ca’ at 27.5%, and ‘Internet – searched on

website other than REALTOR.ca’ at 15.0%.











Open House 0 0.0%



40 100.0%


2018 Buyer Report



The top ways that buyers chose their REALTOR® were ‘Internet-REALTOR® was the agent on listed

property’ at 22.5%, followed by ‘Previously dealt with this REALTOR®’, ‘REALTOR® was

recommended/referred by another REALTOR®’ and ‘ Attended at a Real Estate Office’ at 15% each.

In 2017, the top ways that buyers chose their REALTOR® were ‘REALTOR® was recommended by

my family or a relative’ and ‘REALTOR® is a friend or co-worker’, both at 20.0%.







Other 4 10.0%












40 100.0%


2018 Buyer Report


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 $350,001-$400,000 at 13.3%, $300,001-

$350,000 at 12.6%, and $400,001-$450,000 at 10.4%.

In 2016, the top-three categories for the Islands sub-area were $300,001-$350,000 at 11.2%,

$400,001-$450,000 at 10.3%, and $350,001-$400,000 at 9.9%, totalling 31.4%.


$0 to $50,000 0 0.0%

$50,001 to $100,000 3 1.3%

$100,001 to $150,000 4 1.7%

$150,001 to $200,000 9 3.9%

$200,001 to $250,000 18 7.8%

$250,001 to $300,000 23 10.0%

$300,001 to $350,000 29 12.6%

$350,001 to $400,000 30 13.3%

$400,001 to $450,000 24 10.4%

$450,001 to $500,000 20 8.7%

$500,001 to $550,000 15 6.5%

$550,001 to $600,000 9 3.9%

$600,001 to $650,000 8 3.5%

$650,001 to $700,000 5 2.2%

$700,001 to $750,000 6 2.6%

$750,001 to $800,000 4 1.7%

$800,001 to $850,000 1 0.4%

$850,001 to $900,000 4 1.7%

$900,001 to $950,000 1 0.4%

$950,001 to $1,000,000 3 1.3%

Over $1,000,000 14 6.1%

230 100.0%


2018 Buyer Report



2018 Buyer Report


Home Type

The top-three home types were ‘Single Family’ at 57.1%, ‘Acreage with House’ at 26.5%, and ‘Single

Family (Waterfront)’ at 14.3%.

This varies from the board area where the top-three home types were ‘Single-Family’,

‘Condominium (Apt)’, and ‘Condominium (Twnhse)’. In the Islands area, 97.9% of homes purchased

in 2018 were single-family.








Farm/Ranch 1 0.4%



Patio Home 0 0.0%



Duplex 0 0.0%


230 100.0%


2018 Buyer Report


Number of Bedrooms

The top-three frequencies for number of bedrooms were ‘Two’ at 40.1%, ‘Three’ at 34.2%, and

‘One’ at 11.7%.

In 2017, the top-three frequencies for number of bedrooms were ‘Three’ at 38.4%, ‘Two’ at 34.6%,

and ‘Four’ at 12.9%.

Number of Bathrooms

The top-three frequencies for number of bathrooms were ‘One’ at 39.4%, ‘Two’ at 38.4%, and

‘Three’ at 16.7%.

In 2017, the top-three frequencies for number of bathrooms were ‘Two’ at 40.6%, ‘One’ at 37.0%,

and ‘Three’ at 17.3%.


2 89 40.1%

3 76 34.2%

1 26 11.7%

4 24 10.8%

5 4 1.8%

6 3 1.4%

222 100.0%


1 85 39.4%

2 83 38.4%

3 36 16.7%

4 11 5.1%

5 1 0.5%

216 100.0%


2018 Buyer Report


Exterior

The top-three house exterior types were ‘Wood’ at 78.3%, ‘Vinyl’ at 8.3%, and ‘Other’ at 6.1%.

In 2017, the third choice was ‘Hardi Plank’ at 4.9%.

Exterior Count %

Wood 180 78.3%

Vinyl 19 8.3%


Stucco 3 1.3%

Aluminum 3 1.3%

Hardi Plank 2 0.9%




Wood Vinyl 1 0.4%

Stone Vinyl 0 0.0%


Other 14 6.1%

230 100.0%


2018 Buyer Report


Parking

The top-three parking features in the Islands sub-area were ‘Garage-Single’ at 32.4%, ‘Garage-

Double’ at 29.6%, and ‘Carport-Single’ at 23.9%.

In 2017, the top-three parking features in the Islands sub-area were ‘Garage-Double’ at 36.0%,

‘Garage-Single’ at 26.7%, and ‘Carport-Single’ at 25.6%.


The top-three site characteristics were ‘Waterfront – Ocean’ at 50%, ‘View –Ocean’ at 44%, and

‘View – Mountain’ at 5%. These results were consistent with those from the 2017 survey.







Other 2 2.8%

71 100.0%







View - City 0 0.0%

View - Lake 0 0.0%

100 100.0%


2018 Buyer Report


Islands Sub-Area – Typical Buyer

This table represents the highest-frequency or most common value for each category,

illustrating the ‘typical’ buyer profile for 2018.

Description Mode %



Years Lived in Same Community 1 to 2 33%





No)No 92%





How Buyers First Choose a REALTOR®Internet-REALTOR® was the agent

on listed property23%





Exterior Wood 78%


Site Characteristics Waterfront - Ocean 50%



2018 Buyer Report

2016 - 2018 Data Comparisons


2018 Buyer Report

2018 VIREB Buyer Profile 162 Source: Vancouver Island Real Estate Board Data Comparisons

Survey Data Comparisons from 2016 - 2018

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 17.9% to 21.7%. When comparing 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 years, there were a few consistent patterns in survey responses rates, namely:

The Parksville/Qualicum sub-area had the highest survey response (three-year-average is 23.6%,

a decrease from last year’s three-year average of 26.8%).

Four of the eight sub-areas saw an increase in response rate from 2017 (Cowichan Valley,

Parksville/Qualicum, North Island, and Islands).

The overall response rate increased 0.2% from 2017.

The North Island sub-area had the lowest three-year-average response of 7.3%; therefore,

survey results were not analyzed in further detail for any year.


2018 Buyer Report


Community Movement 2016 - 2018

The ‘Community Movement’ 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:

In 2018, the most common community migration was ‘New to this community’ for the board

area, increasing from 56.8% in 2016 to 57.4% in 2018. The category ‘New to this community’ is

the most common in all sub-areas in all years, and ranges from 45.7% in Campbell River in 2016

to 82.5% in the Islands in 2018.

The second most common movement pattern was ‘Moving to a new residence in the same

community’, which has remained relatively constant since 2016. It is also the second most

common category in all the sub-areas.


2018 Buyer Report


New to this community (Less

than one year)56.8%


than one year)56.1%


than one year)57.4%

Moving to a new residence in

same community32.9%


same community30.8%


same community31.3%

Moving back to this

community6.6%

Moving back to this

community8.5%

Moving back to this

community8.2%


than one year)45.7%


than one year)52.3%


than one year)44.8%


same community44.4%


same community34.7%


same community41.4%

Moving back to this

community7.9%

Moving back to this

community8.5%

Moving back to this

community9.0%


than one year)53.1%


than one year)55.1%


than one year)50.8%


same community36.2%


same community27.5%


same community36.1%

Moving back to this

community6.5%

Moving back to this

community11.4%

Moving back to this

community9.5%


than one year)63.4%


than one year)56.2%


than one year)67.6%


same community25.7%


same community29.6%


same community23.6%

Moving back to this

community6.8%

Moving back to this

community9.6%

Moving back to this

community6.8%


than one year)48.4%


than one year)56.8%


than one year)47.3%


same community40.4%


same community32.4%


same community40.5%

Moving back to this

community7.4%

Moving back to this

community7.5%

Moving back to this

community9.4%


than one year)71.6%


than one year)55.9%


than one year)69.4%


same community21.8%


same community31.6%


same community21.2%

Moving back to this

community4.3%

Moving back to this

community7.7%

Moving back to this

community7.2%


than one year)47.8%


than one year)68.5%


than one year)58.0%


same community34.4%


same community23.3%


same community26.0%

Moving back to this

community10.0%

Not moving, but purchasing an

additional residence in the

same community

4.1%Moving back to this

community10.0%


than one year)76.2%


than one year)42.5%


than one year)82.5%


same community16.7%


same community42.5%


same community7.5%


additional residence in a

different community

7.1%Moving back to this

community10.0%


additional residence in a

different community

5.0%

Board Area

North Island

Campbell River

Nanaimo

2016 2018

Islands

Comox Valley

Cowichan Valley

Parksville /

Qualicum

Port Alberni /

West Coast

2017


2018 Buyer Report


Time Resident in Community Prior to Purchase 2016 - 2018

This table summarizes two questions. The first was, ‘How many years have you lived in your current

community?’ This isolated those respondents who were moving to a new residence within the same

community.

The second was, ‘You have indicated you are moving back to this community. How many years have

you been away?’ This isolated those respondents who were moving back to a community after

having lived elsewhere for a time.

The ‘Time Resident in Community Prior to Purchase’ trends (top-three frequencies for each of the

past three years) are shown in the following table. A few obvious trends in the board area are:

The most common category for the board area for time in the same community is ‘More than 20

years’, staying relatively constant over the past three years. The second most common category in

2016 and 2017, ‘6 to 10 years’, has dropped to third place for the first time since 2013.

Time away has more variability, where ‘1 to 2 years’ away was the most common for 2018, ‘3

to 5 years’, was the most common in 2017, and ‘6 to 10 years’ in 2016.

In 2018, the most common length of time for those moving within the same community was

‘More than 20 years’ for the board area at 36.3% and most common for all sub-areas except

the Islands.


2018 Buyer Report


More than 20

years38.4% 6 to 10 23.1%

More than 20

years36.7% 3 to 5 21.6%

More than 20

years36.3% 1 to 2 20.0%

6 to 10 18.9%More than 20

years20.9% 6 to 10 19.2%

More than 20

years18.9% 6 to 10 15.6% 3 to 5 19.2%

3 to 5 14.4% 3 to 5 16.9% 3 to 5 13.6% 6 to 10 18.2% 3 to 5 15.5% 6 to 10 19.2%

More than 20

years43.7%

More than 20

years26.2%

More than 20

years46.4%

More than 20

years26.7%

More than 20

years41.8% 6 to 10 30.7%

6 to 10 16.1%6 to 10 and

11 to 1521.1% 6 to 10 21.7% 6 to 10 20.0% 1 to 2 17.9% 11 to 15 23.1%

3 to 5 13.4%16 to 20 and

2 and 415.8% 3 to 5 14.5%

16 to 20

years20.0% 6 to 10 16.4% 1 to 2 15.4%

More than 20

years38.9%

3 to 5 and

More than 20

years

28.6%More than 20

years39.3% 16 to 20 26.3%

More than 20

years40.5% 6 to 10 27.7%

6 to 10 18.9%1 to 2 and 6

to 1014.3% 6 to 10 17.0% 6 to 10 21.1% 11 to 15 17.4% 3 to 5 20.7%

3 to 5 16.0%11 to 15 and

16 to 207.1% 3 to 5 11.6%

More than 20

years18.4% 3 to 5 14.0% 1 to 2 17.2%

More than 20

years42.5% 6 to 10 30.1%

More than 20

years36.0% 3 to 5 29.0%

More than 20

years44.8% 1 to 2 20.0%

6 to 10 18.9% 1 to 2 23.3% 6 to 10 20.7% 11 to 15 22.6% 3 to 5 18.4% 3 to 5 20.0%

3 to 5 12.9%

16 to 20 and

More than 20

years

13.3% 1 to 2 13.5% 1 to 2 16.1% 6 to 10 10.5% 16 to 20 20.0%

More than 20

years36.9% 6 to 10 26.2%

More than 20

years40.1% 6 to 10 25.0%

More than 20

years31.6% 1 to 2 21.1%

6 to 10 16.7% 11 to 15 16.7% 3 to 5 14.5% 3 to 5 22.2% 6 to 10 18.7%More than 20

years21.1%

3 to 5 15.5%3 to 5 and 16

to 20 14.3% 6 to 10 14.5%

More than 20

years19.4% 3 to 5 16.4% 3 to 5 15.8%

6 to 10 30.5% 11 to 15 35.3%More than 20

years27.8% 3 to 5 26.1%

More than 20

years24.7% 3 to 5 31.5%

More than 20

years22.1% 3 to 5 23.5% 6 to 10 21.3%

More than 20

years26.1% 6 to 10 21.5% 1 to 2 26.3%

3 to 5 14.7%More than 20

years 17.6% 3 to 5 15.7% 11 to 15 17.4% 3 to 5 16.9% 6 to 10 15.8%

More than 20

years63.8%

6 to 10 and

More than 20

years

33.3%More than 20

years31.8%

More than 20

years100.0%

More than 20

years49.9% 11 to 15 40.0%

6 to 10 and 16

to 20 13.9% 3 to 5 22.3% 6 to 10 22.7% N/A 6 to 10 25.0%

More than 20

years40.0%

11 to 15 5.6% 11 to 15 11.1% 11 to 15 22.7% N/A 1 to 2 12.5% 1 to 2 20.0%

3 to 5 and

More than 20

years

30.0% N/A 0.0% 6 to 10 36.8% N/A 1 to 2 33.3% 16 to 20 100.0%

6 to 10 20.0% N/A 0.0% 1 to 2 15.8% N/A 3 to 5 33.3% N/A 0.0%

11 to 15 and 16

to 20 10.0% N/A 0.0% 3 to 5 15.8% N/A 11 to 15 16.7% N/A 0.0%

Islands

Port Alberni /

West Coast

Board Area

Campbell

River

Comox Valley

Cowichan

Valley

Nanaimo

Parksville /

Qualicum

North Island

2016

Time Away

2016

Same Community

2018

Time Away

2017

Same Community Time Away

2017 2018

Same Community


2018 Buyer Report


Buyer Origin 2016 - 2018

The ‘buyer origin’ trends (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 (‘Elsewhere on Vancouver Island’,

‘Vancouver’, and ‘Other B.C.’) remained the same from 2016 to 2018, with very similar

frequencies over the three-year period, totalling between 50% and 52% in each year.

In 2018, the top categories were ‘Elsewhere on Vancouver Island’, ‘Vancouver’, and ‘Other

B.C.’, totalling 52%, up from 2017’s total of 49.9%.

For 2018, ‘Elsewhere on Vancouver Island’ was the top option for most of the sub-areas

except ‘Comox Valley’, ‘Nanaimo’, and ‘Parksville/Qualicum’. For each of these sub-areas,

‘Vancouver’ was the most frequent response.

Elsewhere on Vancouver Island 20.3% Elsewhere on Vancouver Island 20.9% Elsewhere on Vancouver Island 22.6%

Vancouver 19.5% Vancouver 16.6% Vancouver 17.2%

Other B.C. 12.3% Other B.C. 12.4% Other B.C. 12.2%


Alberta 15.5% Vancouver 16.7% Vancouver 15.4%

Other B.C. 14.0% Fraser Valley and Other BC 10.4% Other B.C. 14.1%

Vancouver 21.0% Vancouver 18.8% Vancouver 19.0%


Other B.C. 14.3% Other B.C. 14.7% Ontario 12.5%


Greater Victoria 15.1% Other B.C. 12.4% Greater Victoria 16.4%

Vancouver 14.1% Greater Victoria 11.8% Vancouver 10.0%

Vancouver 24.5% Elsewhere on Vancouver Island 19.5% Vancouver 22.3%

Elsewhere on Vancouver Island 19.9% Vancouver 17.6% Elsewhere on Vancouver Island 21.9%

Alberta 9.4% Greater Victoria 12.4% Other B.C. 10.3%

Vancouver 24.5% Elsewhere on Vancouver Island 21.7% Vancouver 19.2%

Elsewhere on Vancouver Island 18.7% Vancouver 19.3% Other B.C. 16.9%

Other B.C. 14.0% Other B.C. 14.3% Elsewhere on Vancouver Island 15.5%


Other B.C. 19.2% Vancouver 16.7% Vancouver 17.6%

Greater Victoria 13.5% Alberta 14.6% Greater Victoria 14.7%

Elsewhere on Vancouver Island and

Vancouver and Other B.C.15.6% Elsewhere on Vancouver Island 26.7% Elsewhere on Vancouver Island 23.6%

Alberta 12.4% Vancouver 13.3% Vancouver 17.6%

Greater Victoria and Ontario 9.4% Fraser Valley 13.3% Fraser Valley 14.7%

2016 2018

Islands

Board Area

Campbell River

Comox Valley

Cowichan Valley

Nanaimo

Parksville /

Qualicum

Port Alberni / West

Coast

North Island

2017


2018 Buyer Report


Major Reason for Purchase 2016 - 2018

The option ‘Downsizing’ was added to this question in the 2016 survey due to the frequency of

mentions in the ‘Other’ category in previous surveys. This can result in changes in the distributions.

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 (ranging from 81.1%-82.2%) for all three years,

and in all areas, was ‘Principal Residence’.

The second most common category across all sub-areas in 2018, beginning with its addition in

2016, was ‘Downsizing’, with the exception of the Islands sub-area (Recreation/vacation

home).

The third most common category was ‘Investment/rental home’ in 2016 and 2017, with 2.7%

and 3.7% respectively. In 2018, the third most common category was ‘Other’ at 2%, to which

the most common response was ‘Family’.

The most common category for all areas for all three years was ‘Principal Residence’.

Your principal residence 81.5% Your principal residence 81.1% Your principal residence 82.2%

Downsizing 11.7% Downsizing 11.0% Downsizing 12.7%

Investment / rental home 2.7%Investment / rental

home3.7% Other 2.0%




home3.2%

Investment / rental

home3.4%



Other 3.7%Investment / rental

home6.2% Other 3.6%




home2.5%

Investment / rental

home2.4%




home2.9% Other 2.0%



Recreation / vacation home 1.8% Investment / rental 2.8% Recreation / vacation 1.8%



Investment / rental home

and Other5.6%

Investment / rental

home7.5%

Investment / rental

home4.0%


Recreation / vacation home

and Downsizing9.5% Downsizing 18.2%

Recreation / vacation

home7.5%

Other 2.4%Investment / rental

home3.0% Other 7.5%

Islands

Board Area

Campbell River

Comox Valley

Cowichan Valley

Nanaimo

Parksville / Qualicum

Port Alberni / West Coast

North Island

201820172016


2018 Buyer Report


First-Time Purchase of Principal Residence 2016 - 2018

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 response with frequencies from 77.7% to 94.8% 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, likely due to the smaller sample size.

The Parksville/Qualicum sub-area had the highest three-year average of the ‘No’ frequency, at

90.8%.

The Nanaimo and Campbell River sub-areas had the highest three-year average ‘Yes’

frequency, at 18.4% and 16.6% respectively.

2016 2017 2018Three-Year

Average

No 84.0% No 84.9% No 86.5% 85.1%

Yes 16.0% Yes 15.1% Yes 13.5% 14.9%

No 83.8% No 85.8% No 80.7% 83.4%

Yes 16.2% Yes 14.2% Yes 19.3% 16.6%

No 85.9% No 83.6% No 84.2% 84.6%

Yes 14.1% Yes 16.4% Yes 15.8% 15.4%

No 82.5% No 84.8% No 88.9% 85.4%

Yes 17.5% Yes 15.2% Yes 11.1% 14.6%

No 77.7% No 84.1% No 83.1% 81.6%

Yes 22.3% Yes 15.9% Yes 16.9% 18.4%

No 91.6% No 86.1% No 94.8% 90.8%

Yes 8.4% Yes 13.9% Yes 5.2% 9.2%

No 82.1% No 90.2% No 81.2% 84.5%

Yes 17.9% Yes 9.8% Yes 18.8% 15.5%

No 94.7% No 78.1% No 91.9% 88.2%

Yes 5.3% Yes 21.9% Yes 8.1% 11.8%Islands


Board Area

Campbell River

Comox Valley

Cowichan Valley

Nanaimo


North Island


2018 Buyer Report


Used RRSP for Down Payment 2016 - 2018

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 response was ‘No’ for all three years and in all sub-areas, with frequencies

from 54.8% to 92.9% and 57.1% to 100.0% in the Islands sub-area.

The Comox Valley sub-area had the highest average ‘Yes’ frequency, with a three-year average

of 38.3%.

2018Three-Year

Average

No 69.9% No 64.7% No 66.8% 67.1%

Yes 30.0% Yes 35.3% Yes 33.2% 32.8%

No 67.6% No 68.4% No 80.0% 72.0%

Yes 32.4% Yes 31.6% Yes 20.0% 28.0%

No 63.8% No 54.8% No 66.0% 61.5%

Yes 35.6% Yes 45.2% Yes 34.0% 38.3%

No 65.2% No 74.4% No 56.7% 65.4%

Yes 34.8% Yes 25.6% Yes 43.3% 34.6%

No 71.8% No 67.2% No 61.5% 66.9%

Yes 28.2% Yes 32.8% Yes 38.5% 33.1%

No 80.0% No 60.6% No 92.9% 77.8%

Yes 20.0% Yes 39.4% Yes 7.1% 22.2%

No 80.0% No 80.0% No 66.7% 75.6%

Yes 20.0% Yes 20.0% Yes 33.3% 24.4%

No 100.0% No 57.1% No 100.0% 85.7%

Yes 0.0% No 42.9% Yes 0.0% 14.3%

2016 2017

Parksville /

Qualicum

Port Alberni /

West Coast

Islands

Board Area

Campbell River

Comox Valley

Cowichan Valley

Nanaimo

North Island


2018 Buyer Report


Purchased as Retirement Residence 2016 - 2018

The ‘Purchased as Retirement Residence’ trends (Yes or No frequencies over each of the past three

years) are shown in the table below. A clear trend is:

The response ‘Yes’ has been the majority for the board area since 2016, and in 2018 ranges

from 51.4% in the Port Alberni/West Coast sub-area to 81.8% in the Islands sub-area.

2018Three-Year

Average

Yes 56.8% Yes 57.2% Yes 58.8% 57.6%

No 43.2% No 42.8% No 41.2% 42.4%

Yes 56.4% Yes 64.1% Yes 53.0% 57.8%

No 43.6% No 35.9% No 47.0% 42.2%

Yes 55.0% Yes 56.8% Yes 56.2% 56.0%

No 45.0% No 43.2% No 43.8% 44.0%

Yes 61.7% Yes 57.5% Yes 56.4% 58.5%

No 38.3% No 42.5% No 43.6% 41.5%

No 54.6% Yes 56.2% Yes 52.0% 54.3%

Yes 45.4% No 43.8% No 48.0% 45.7%

Yes 68.4% Yes 54.5% Yes 75.3% 66.1%

No 31.6% No 45.5% No 24.7% 33.9%

Yes 50.0% Yes 60.0% Yes 51.4% 53.8%

No 50.0% No 40.0% No 48.6% 46.2%

Yes 70.0% Yes 51.7% Yes 81.8% 67.8%

No 30.0% No 48.3% No 18.2% 32.2%

2016 2017

Islands

Board Area

Campbell River

Comox Valley

Cowichan Valley

Nanaimo

Parksville /

Qualicum

Port Alberni /

West Coast

North Island


2018 Buyer Report


How Buyers First Became Aware of Property 2016 - 2018

Beginning in the 2016 survey, the option ‘My REALTOR® contacted me (other than PCS - private client

services)’ was added to increase accuracy of selected options. This can result in changes in the

distributions.

The ‘How Buyers First Became Aware of Property’ trends for the past three years are shown in the

following table. A few obvious trends are:

The most common response for the board area, for all three years, was ‘My REALTOR®

supplied PCS (private client services);’ which ranged from 30.2% to 37% between 2016 and

2018.

The second most common response was ‘Internet-REALTOR.ca site’ for the entire board area.

This was consistent but is decreasing, from 23% in 2016 to 21.1% in 2018.

In 2016, all sub-areas except Port Alberni/West Coast and the Islands had ‘My REALTOR®

supplied PCS (private client services)’ as the most common response.

In 2017 and 2018, all sub-areas had ‘My REALTOR® supplied PCS (private client services)’ as

the most common response.


2018 Buyer Report


2016 2017

My REALTOR® supplied PCS 30.2% My REALTOR® supplied PCS 34.8%My REALTOR® supplied

PCS37.0%

Internet– REALTOR.ca site 23.0% Internet– REALTOR.ca site 20.6%Internet– REALTOR.ca

site21.1%

My REALTOR® contacted me

(other than PCS)12.5%



My REALTOR® contacted

me (other than PCS)11.0%


PCS38.6%


site17.9%








PCS36.0%


site20.7%








PCS36.5%


site23.3%





Internet – other than

REALTOR.ca site10.1%


PCS38.0%


site22.0%








PCS38.0%


site19.4%







Internet– REALTOR.ca site 22.3% My REALTOR® supplied PCS 32.4%My REALTOR® supplied

PCS34.0%


REALTOR.ca site20.0% Internet– REALTOR.ca site 25.7%



My REALTOR® supplied PCS 14.4%Internet – other than


Internet– REALTOR.ca

site16.0%

Internet– REALTOR.ca site and


(other than PCS)

19.0% My REALTOR® supplied PCS 32.5%My REALTOR® supplied

PCS27.5%


REALTOR.ca site16.7% Internet– REALTOR.ca site 27.5%

Internet– REALTOR.ca

site22.5%

Contacted a Real Estate office

and My REALTOR® supplied

PCS

14.3%Internet – other than

REALTOR.ca site15.0% Other 22.5%

2018

Islands

North Island

Nanaimo

Comox Valley

Campbell River

Board Area

Cowichan

Valley

Parksville /

Qualicum

Port Alberni /

West Coast


2018 Buyer Report


How Buyers First Chose a REALTOR® 2016 - 2018

The ‘How Buyers First Chose a REALTOR®’ trends for the past three years are shown in the following

table. A few obvious trends are:

The top-three categories are the same for all three years; however, the order changes from

2016 to 2018. All three top categories for the board area for all three years are referral or

relationship-based.

In 2017 and 2018, the most common category was ‘Previously dealt with this REALTOR®’,

ranging from 17.1% to 18.3%. In 2016, the most common category was ‘REALTOR® was

recommended by my family or a relative’ at 15.1%.

The third most common category for the board area, in 2016 and 2018, was ‘REALTOR® was

recommended by my co-worker or associate’ at 14.1% and 13.6% respectively. In 2017, the

third most common category was ‘REALTOR® was recommended by my family or relative’ at

12.7%.


2018 Buyer Report


2016 2017

REALTOR® was recommended

by my family or a relative15.1%

Previously dealt with this

REALTOR®18.3%


REALTOR®17.1%


REALTOR®14.5%


by co-worker, associate or

friend

14.4%

REALTOR® was

recommended by my

family or a relative

13.8%



friend

14.1%REALTOR® was recommended


REALTOR® was

recommended by co-

worker, associate or

friend

13.6%




REALTOR®20.4%

REALTOR® was

recommended by my


19.3%


REALTOR®15.4%




REALTOR®16.6%

REALTOR® is a friend or co-

worker10.8%



friend

14.2% Other 11.0%




REALTOR®17.8%

REALTOR® was

recommended by my


17.0%


REALTOR®16.6%


worker12.0%


REALTOR®17.0%



friend



REALTOR® was

recommended by co-


friend

16.4%



friend

14.3%Previously dealt with this

REALTOR®18.1%


REALTOR®18.0%


REALTOR®13.8%



friend

13.8%

REALTOR® was

recommended by co-


friend

14.5%





REALTOR® was

recommended/referred

by another REALTOR®

12.8%



friend


REALTOR®18.9%


REALTOR®18.2%





friend

13.5%

REALTOR® was

recommended by co-


friend

14.4%


REALTOR®12.5%



REALTOR® was

recommended by my


13.7%

REALTOR® was

recommended/referred by

another REALTOR®

13.7%



friend


REALTOR®15.8%



friend


REALTOR®17.2%

REALTOR® was



15.5%


by my family or a relative and


REALTOR®

12.7%

REALTOR® was


another REALTOR®

12.4%

REALTOR® was

recommended by my


14.0%

2018

Board Area

Campbell River

Cowichan Valley

Nanaimo

Parksville /

Qualicum

Comox Valley


2018 Buyer Report



REALTOR®20.1%



friend


REALTOR®18.0%


worker and Internet-REALTOR®

was the agent on listed

property



REALTOR® was

recommended by my


16.0%



REALTOR® was


another REALTOR®

11.9%

REALTOR® was



14.0%

Other 21.5%REALTOR® is a friend or co-

worker24.2%

Internet-REALTOR® was

the agent on listed

property

22.5%


by my family or a relative and


REALTOR®



REALTOR® was



15.0%

REALTOR® was


another REALTOR® and Called

the REALTOR® shown on a For

Sale sign on property and

Attended at a Real Estate

office and Internet-REALTOR®

was the agent on listed

property

9.5%



friend

15.2%REALTOR® was



15.0%

Islands

North Island

Port Alberni /

West Coast


2018 Buyer Report


Survey Data Comparisons

Survey Data 2016 - 2018

The three-year comparisons that follow are based on survey data for individual areas. The yearly

totals and three-year average from each area are listed in the table and figure below.

From 2016 to 2018, every sub-area had fewer respondents, with the exception of the North Island

area.

2016 2017 2018

Three

Year

Average

Change

(%) from

2016 to

2018

Campbell River 992 949 815 919 -17.8%

Comox Valley 1,780 1,719 1,586 1,695 -10.9%

Cowichan Valley 1,877 1,750 1,573 1,733 -16.2%

Nanaimo 2,888 2,728 2,336 2,651 -19.1%

Parksville / Qualicum 1,564 1,414 1,139 1,372 -27.2%

Port Alberni / West Coast 648 686 526 620 -18.8%

North Island 184 213 223 207 21.2%

Islands 278 272 230 260 -17.3%

Board Area 10,211 9,731 8,428 9,457 -17.5%

Number of Surveys Mailed Out


2018 Buyer Report


Response Data 2016 - 2018

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 2016 to 2018, the number of responses decreased in all sub-areas, with the exception of the

North Islands and Islands sub-areas.

2016 2017 2018Three Year

Average

Change

(%) from

2016 to

2018

Campbell River 241 176 145 187 -39.8%

Comox Valley 434 334 305 358 -29.7%

Cowichan Valley 444 324 296 355 -33.3%

Nanaimo 552 479 395 475 -28.4%

Parksville / Qualicum 395 298 278 324 -29.6%

Port Alberni / West Coast 90 74 50 71 -44.4%

North Island 16 14 15 15 -6.3%

Islands 42 39 40 40 -4.8%

Board Area 2,214 1,738 1,524 1,825 -31.2%

Number of Responses


2018 Buyer Report


Board Area Selling Price Range 2016 - 2018

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

2016-2018). The top trends for the board area from these comparative figures from 2016 to 2018 are

as follows:

In 2016, the selling price with the highest frequency (i.e., 1,354 homes or 13.3%) was

$300,001-$350,000.

In 2017, the selling price with the highest frequency (i.e., 1,110 homes or 11.4%) increased to

$400,001-$450,000.

In 2018, the selling price with the highest frequency (i.e., 930 homes or 11%) decreased to

$350,001-$400,000.


2018 Buyer Report



2018 Buyer Report



2018 Buyer Report


Selling Price Range 2016 - 2018

The trends within areas are shown in the table below with comparisons of the three highest selling

price categories from 2016-2018.

The top selling price category for the board area in 2016 was $300,001-$350,000 at 13.3%,

$400,001-$450,000 at 11.4% in 2017, and $350,001-$400,000 at 10.9% in 2018. Also in 2018,

the third category was $450,001-$500,000 at 10.1%, marking the first time this category has

been in the top three.

From 2016 to 2018, the areas with the highest selling price ranges were Comox Valley,

Cowichan Valley, Nanaimo, and Parksville/Qualicum, with $500,000+ represented.

Parksville/Qualicum had the highest selling price ranges, with $500,001-$550,000 represented

in the third top category in 2018, the highest top-three category in the last three years.

The North Island sub-area exhibited the lowest price categories and frequencies from 2016 to

2018.

2016 2017

$300,001 to $350,000 13.3% $400,001 to $450,000 11.4% $350,001 to $400,000 10.9%

$350,001 to $400,000 12.3% $350,001 to $400,000 10.5% $400,001 to $450,000 10.7%

$250,001 to $300,000 12.1% $300,001 to $350,000 9.9% $450,001 to $500,000 10.1%

$300,001 to $350,000 18.8% $350,001 to $400,000 17.2% $350,001 to $400,000 20.4%

$250,001 to $300,000 18.0% $300,001 to $350,000 17.1% $400,001 to $450,000 18.2%

$200,001 to $250,000 14.0% $400,001 to $450,000 11.0% $300,001 to $350,000 10.4%

$300,001 to $350,000 13.8% $450,001 to $500,000 11.7% $350,001 to $400,000 12.3%

$350,001 to $400,000 13.7% $400,001 to $450,000 11.1% $300,001 to $350,000 11.7%

$250,001 to $300,000 13.0% $300,001 to $350,000 10.9% $450,001 to $500,000 11.3%

$350,001 to $400,000 15.3% $400,001 to $450,000 12.6% $350,001 to $400,000 11.8%

$300,001 to $350,000 12.8% $350,001 to $400,000 11.3% $400,001 to $450,000 11.1%

$250,001 to $300,000 11.7% $300,001 to $350,000 11.1% $450,001 to $500,000 10.3%

$300,001 to $350,000 13.9% $400,001 to $450,000 12.4% $450,001 to $500,000 12.0%

$250,001 to $300,000 12.6% $450,001 to $500,000 10.4% $400,001 to $450,000 10.0%

$350,001 to $400,000 12.5% $350,001 to $400,000 10.2% $500,001 to $550,000 9.5%

$300,001 to $350,000 12.1% $400,001 to $450,000 13.2% $400,001 to $450,000 10.4%

$350,001 to $400,000 12.0% $450,001 to $500,000 11.7% $450,001 to $500,000 9.7%

$400,001 to $450,000 9.8% $350,001 to $400,000 9.7% $500,001 to $550,000 8.9%

$150,001 to $200,000 19.2% $200,001 to $250,000 23.5% $250,001 to $300,000 15.3%

$200,001 to $250,000 19.0% $250,001 to $300,000 13.8% $200,001 to $250,000 14.8%

$100,001 to $150,000 13.7% $150,001 to $200,000 13.3% $300,001 to $350,000 13.5%

$150,001 to $200,000 21.1% $100,001 to $150,000 18.2% $50,001 to $100,000 18.2%

$100,001 to $150,000 20.1% $50,001 to $100,000 17.1% $150,001 to $200,000 17.5%

$50,001 to $100,000 17.4% $0 to $50,000 16.6% $100,001 to $150,000 17.0%

$350,001 to $400,000 14.1% $300,001 to $350,000 11.2% $350,001 to $400,000 13.3%

$300,001 to $350,000 12.2% $400,001 to $450,000 10.4% $300,001 to $350,000 12.6%

$250,001 to $300,000 11.9% $350,001 to $400,000 9.5% $400,001 to $450,000 10.4%

2018

North Island

Islands

Parksville /

Qualicum

Port Alberni /

West Coast

Board Area

Campbell River

Comox Valley

Cowichan Valley

Nanaimo


2018 Buyer Report


Home Type 2016 - 2018

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 but this has been

steadily decreasing, from 57.9% in 2016 to 54.7% in 2018.

The second most common category for the board area was ‘Condominium (Apt)’, with

frequencies steadily increasing from 10% in 2016 to 12.1% in 2018.

The third most common category for the board area was ‘Condominium (Twnhse)’, with

frequencies increasing from 7.2% in 2016 to 8.4% in 2018.

Single-Family 57.9% Single-Family 56.6% Single-Family 54.7%

Condominium (Apt) 10.0% Condominium (Apt) 11.5% Condominium (Apt) 12.1%

Condominium (Twnhse) 7.2% Condominium (Twnhse) 7.0% Condominium (Twnhse) 8.4%



Patio Home 7.8% Patio Home 5.3% Patio Home 9.7%





Single-Family (Strata) 12.3% Single-Family (Strata) 11.3% Condominium (Apt) 9.0%

Acreage With House 8.0% Acreage With House 8.5% Condominium (Twnhse) 8.3%





Patio Home 8.3% Patio Home 8.4% Patio Home 9.2%



Condominium (Twnhse) 7.7% Acreage With House 6.5% Condominium (Twnhse) 7.2%

Condominium (Apt) 6.3% Condominium (Apt) 5.8%Manufactured/Mobile On

Pad5.1%



Single-Family

(Waterfront)9.2% Condominium (Twnhse) 8.8% Condominium (Twnhse) 10.3%


Acreage With House 31.3% Acreage With House 31.1% Acreage With House 26.5%

Single-Family

(Waterfront)15.1%

Single-Family

(Waterfront)19.5%

Single-Family

(Waterfront)14.3%

201820172016

Islands

Cowichan Valley

Port Alberni /

West Coast

Parksville /

Qualicum

Campbell River

Board Area

Comox Valley

Nanaimo

North Island


2018 Buyer Report


Number of Bedrooms 2016 - 2018

The ‘Number of Bedrooms’ trends for the past three years are shown in the table below. A few

obvious trends are:

The three most common categories for the board area were ‘Three’, ‘Two’, and ‘Four’

bedrooms, with frequencies ranging from 40.4% to 41.3%, 25.9% to 28.2%, and 17.3% to

18.4% respectively, between 2016-2018.

The decreasing frequency order of ‘Three’, ‘Two’, and ‘Four’ bedrooms remained unchanged

for the Campbell River, Comox Valley, Cowichan Valley, Nanaimo, and Parksville/Qualicum

sub-areas from 2016-2018.

2016 2017

3 41.3% 3 41.0% 3 40.4%

2 25.9% 2 26.3% 2 28.2%

4 18.4% 4 17.8% 4 17.3%

3 48.7% 3 48.6% 3 48.0%

2 24.2% 2 22.5% 2 22.9%

4 15.5% 4 18.2% 4 16.9%

3 46.0% 3 43.5% 3 44.5%

2 25.7% 2 29.7% 2 30.6%

4 18.0% 4 15.9% 4 14.7%

3 42.6% 3 41.4% 3 41.4%

2 23.1% 2 24.2% 2 26.0%

4 21.5% 4 20.6% 4 20.5%

3 33.3% 3 33.9% 3 31.7%

2 26.0% 2 25.2% 2 27.8%

4 19.9% 4 18.6% 4 19.1%

3 46.1% 3 48.1% 3 47.0%

2 31.8% 2 30.8% 2 33.2%

4 12.3% 4 11.3% 4 12.0%

3 35.9% 3 37.7% 3 39.0%

4 22.8% 4 24.9% 2 23.5%

2 21.4% 2 22.3% 4 21.2%

3 41.9% 3 44.7% 3 45.5%

4 26.9% 4 24.7% 2 24.5%

2 18.1% 2 21.9% 4 18.6%

3 37.0% 3 39.7% 2 40.1%

2 35.5% 2 33.8% 3 34.2%

1 12.5% 4 13.7% 1 11.7%

2018

North Island

Islands



Board Area

Campbell River

Comox Valley

Cowichan Valley

Nanaimo


2018 Buyer Report


Number of Bathrooms 2016 - 2018

The ‘Number of Bathrooms’ trends for the past three years are shown in the table below. A few

obvious trends are:

The most common category for the board area, as well as most individual sub-areas, was ‘Two’

bathrooms at 44.5%. This number has varied by as little as .4% in the last three years.

Also, the frequency ordering of ‘Two’, ‘Three’, and ‘One’ bathrooms remained constant from

2016 to 2018 for the board area and most sub-areas, except for Port Alberni/West Coast and

North Island sub-areas, where the order of the top-three categories was ‘Two’, ‘One’, ‘Three’.

2016 2017

2 44.5% 2 44.1% 2 44.5%

3 30.7% 3 29.0% 3 29.0%

1 17.3% 1 19.6% 1 20.1%

2 50.6% 2 49.0% 2 50.1%

3 29.7% 3 29.8% 3 27.5%

1 15.8% 1 15.3% 1 18.3%

2 46.4% 2 46.5% 2 45.1%

3 30.9% 3 27.5% 3 31.5%

1 17.2% 1 19.8% 1 19.3%

2 41.7% 2 41.3% 2 42.8%

3 35.5% 3 34.2% 3 31.3%

1 13.7% 1 16.2% 1 17.9%

2 39.2% 2 38.8% 2 39.1%

3 33.9% 3 33.1% 3 33.0%

1 16.7% 1 18.9% 1 19.5%

2 50.6% 2 52.8% 2 53.4%

3 26.4% 3 24.1% 3 23.5%

1 15.7% 1 16.8% 1 16.9%

2 44.9% 2 41.9% 2 44.9%

1 27.7% 1 32.3% 1 28.8%

3 21.6% 3 19.3% 3 19.8%

2 48.0% 2 43.3% 2 49.3%

1 29.8% 1 30.9% 1 30.0%

3 19.9% 3 20.8% 3 18.8%

2 45.6% 2 40.7% 1 39.4%

1 31.7% 1 36.7% 2 38.4%

3 18.5% 3 17.7% 3 16.7%

2018


North Island

Islands

Board Area

Campbell River

Comox Valley

Cowichan Valley

Nanaimo



2018 Buyer Report


Exterior 2016 - 2018

The ‘Exterior’ trends for the past three years are shown in the table below. A few obvious trends are:

The most common category for the board area was `Vinyl`, at 32% in 2016 to the same in

2018.

The second most common category for the board area was `Wood’, ranging from 21.3% to

19.6% between 2016 and 2018.

`Vinyl` was the most common category in the Campbell River, Comox Valley, Cowichan Valley,

and Nanaimo sub-areas.

‘Wood’ was the most common category in the Parksville/Qualicum, Port Alberni/West Coast,

and Islands sub-areas.

Vinyl 32.0% Vinyl 33.3% Vinyl 32.0%

Wood 21.3% Wood 21.5% Wood 19.6%

Hardi Plank 16.9% Hardi Plank 16.1% Hardi Plank 15.6%



Wood 18.3% Wood 16.8% Wood 15.7%



Wood 18.6% Wood 16.3% Wood 13.9%



Wood 18.4% Wood 19.3% Wood 16.3%


Wood 14.3% Wood 14.4% Wood 14.7%

Stucco 12.0% Stucco 11.9% Stucco 10.7%

Wood 27.3% Wood 28.9% Wood 27.4%

Hardi Plank 22.6% Vinyl 21.4% Hardi Plank 19.8%

Vinyl 19.8% Hardi Plank 20.5% Vinyl 19.1%

Wood 31.8% Wood 28.1% Wood 25.9%


Stucco 16.3% Stucco 18.2% Stucco 17.3%

Wood 40.4% Wood 41.2% Vinyl 36.8%

Vinyl 32.8% Vinyl 34.7% Wood 35.9%

Aluminum 6.8% Aluminum 11.8% Other 7.6%

Wood 70.6% Wood 78.2% Wood 78.3%


Stucco 4.4% Hardi Plank 4.7% Other 6.1%

201820172016

Board Area

Islands

Nanaimo

Parksville /

Qualicum

Campbell River

Comox Valley

Cowichan

Valley

Port Alberni /

West Coast

North Island


2018 Buyer Report


Parking 2016 - 2018

The ‘Parking’ trends for the past three years are shown in the table below. A few obvious trends are:

The most common category for the board area from 2016 to 2018 was `Garage-Double`,

ranging from 45.9% to 49.3%.

`Garage-Double` was also consistently the most common category for the Campbell River,

Comox Valley, Cowichan Valley, Nanaimo, and Parksville/Qualicum sub-areas from 2016 to

2018.

View - Mountain 40.7% View - Mountain 41.8% View - Mountain 41.8%

View - Ocean 39.0% View - Ocean 38.2% View - Ocean 39.1%

Waterfront - Ocean 11.3% Waterfront - Ocean 11.4% Waterfront - Ocean 8.9%









View - Lake 11.0% View - Lake 10.5% View - Lake 11.4%





View - Mountain 26.4% View - Mountain 26.3% Waterfront - Ocean 25.4%

Waterfront - Ocean 26.2% Waterfront - Ocean 25.1% View - Mountain 25.1%









View - Mountain 7.3% View - Lake 1.6% View - Mountain 5.0%

Islands

Cowichan Valley

Port Alberni /

West Coast

Parksville /

Qualicum

Campbell River

Board Area

Comox Valley

Nanaimo

North Island

201820172016


2018 Buyer Report


Site Characteristics 2016 - 2018

The ‘Site Characteristics’ trends for the past three years are shown in the table below. A few obvious

trends are:

The three most common categories for the board area remained the same: ‘View-Mountain’

ranging from 40.7% to 41.8%, ‘View-Ocean’ ranging from 38.2% to 39.1%, and ‘Waterfront-

Ocean’ ranging from 11.3% in 2016 to 8.9% in 2018.

Within the sub-areas, the trends remained consistent from 2016 to 2018, with only slight

changes in order and percentage in certain areas (most noticeably Parksville/Qualicum).

‘View-Ocean’ was the most common in the sub-areas of Campbell River, Nanaimo,

Parksville/Qualicum, and the North Island.

‘View-Mountain’ was the most common in the sub-areas of Comox Valley, Cowichan Valley,

and Port Alberni/West Coast.

In the Islands sub-area, ‘Waterfront – Ocean’ was the most common.












View - Lake 11.0% View - Lake 10.5% View - Lake 11.4%





View - Mountain 26.4% View - Mountain 26.3% Waterfront - Ocean 25.4%

Waterfront - Ocean 26.2% Waterfront - Ocean 25.1% View - Mountain 25.1%









View - Mountain 7.3% View - Lake 1.6% View - Mountain 5.0%

201820172016

Islands

Cowichan Valley

Port Alberni /

West Coast

Parksville /

Qualicum

Campbell River

Board Area

Comox Valley

Nanaimo

North Island


2018 Buyer Report

Documents

2018 Buyer Profile2018 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