2014 buyer profile - vancouver island real estate board · partnering with vireb to deliver the...

Buyer Profile January 1, 2014 – December 31, 2014

A report containing results of a survey completed by Buyers of residential property and corresponding Multiple Listing Service® (MLS®) information summarizing ‘home characteristics’ on

Vancouver Island, north of Victoria.

2014 VIREB Buyer Profile 1 Source: Vancouver Island Real Estate Board Introduction

Notice to Readers

The information and data provided in this report have been obtained or prepared from sources that are

believed to be reliable and accurate, but have not necessarily been independently verified. The Authors

make no representations or warranties as to the accuracy or completeness of such information and data

nor the conclusions that have been derived from their use. Therefore, any use of the information by the

reader or other recipient shall be at the sole risk and responsibility of such reader or recipient.

The information provided in this report and the facts upon which the information is based as well as the

information itself may change at any time without notice subject to market conditions and the

assumptions made thereto.

The Authors expressly disclaim and take no responsibility, and shall not be liable:

for any financial or economic decisions taken by any person based in any way from the

information presented in this report;

for any interpretation or misunderstanding of any such information on the part of any person;

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

any use of such information, including, all losses, costs, or other damages such as consequential

or indirect losses, loss of revenue, loss of expected profit or loss of income, whether or not as a

result of any negligent act or omission of the Authors.

Vancouver Island Real Estate Board

2014 Buyer Report


Recognition

We would like to thank the Real Estate Foundation of British Columbia for their generous support in

partnering with VIREB to deliver the 2014 Buyer Profile.

Real Estate Foundation

The Real Estate Foundation is a philanthropic organization based in British Columbia, Canada. Their

mission is to transform land-use attitudes and practices through innovation, stewardship, and learning.

Through grants, the Foundation provides funding to non-profit organizations working to enable positive

change in BC communities. By supporting innovative and progressive solutions, the Foundation’s work

contributes to resilient, healthy communities and natural environments. Since launching the grants

program in 1988, we have approved more than $69 million for real estate and land-use initiatives across

the province.

In addition, the Foundation plays a key role in connecting with communities and organizations to open

opportunities and share valuable information on land-use issues in BC. By supporting collaborative

projects that can be scaled and replicated in other communities, the Foundation helps non-profit

organizations further their progress in building more sustainable communities.

How It Works

Under the Real Estate Services Act, the Foundation receives interest from pooled real estate deposits

held in trust by real estate brokerages. The Foundation gives those funds back to the BC community to

support real estate related education, research, law reform, and other land-related activities intended

for the public or professional good.


2014 Buyer Report


Table of Contents

Forward ................................................................................................................................................................... 10

Objectives and Methodology .................................................................................................................................. 10

Questionnaire Survey .............................................................................................................................................. 14

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

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

Length of time lived in same community .................................................................................... 17

Moving Back to a Community after Time Away .......................................................................... 18

Buyer Origin ................................................................................................................................. 19

Major Reason for Purchase ......................................................................................................... 20

First-Time Purchase of Principal Residence (Yes or No) .............................................................. 21

Used RRSP for down payment (Yes or No) .................................................................................. 22

Purchased as Retirement Home (Yes or No) ............................................................................... 23

How Buyers First Became Aware of Property ............................................................................. 24

How Buyers First Chose a REALTOR® .......................................................................................... 26

Form of Agency Provided by REALTOR® ...................................................................................... 28

..... Board Area – Home characteristics from MLS ® data ................................................................................. 29

Selling Price Range ....................................................................................................................... 29

Home Type ................................................................................................................................... 31

Number of Bedrooms .................................................................................................................. 32

Number of Bathrooms ................................................................................................................. 34

Exterior ........................................................................................................................................ 36

Parking ......................................................................................................................................... 38

Site Characteristics ...................................................................................................................... 39

..... Board Area – Typical Buyer ......................................................................................................................... 40

..... Campbell River Sub - Area – Information from Questionnaire Survey ....................................................... 42




Buyer Origin ................................................................................................................................. 45




2014 Buyer Report






What form of agency was provided by the REALTOR® ............................................................... 53

..... Campbell River Sub - Area – Home characteristics from MLS ® data .......................................................... 54


Home Type ................................................................................................................................... 56



Exterior ........................................................................................................................................ 59

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


..... Campbell River Sub-Area – Typical Buyer.................................................................................................... 63

..... Comox Valley Sub - Area – Information from Questionnaire Survey .......................................................... 65




Buyer Origin ................................................................................................................................. 68







What form of agency was provided by the REALTOR® ............................................................... 76

..... Comox Valley Sub-Area – Home characteristics from MLS ® data .............................................................. 77


Home Type ................................................................................................................................... 80



Exterior ........................................................................................................................................ 83


2014 Buyer Report


Parking ......................................................................................................................................... 85


..... Comox Valley Sub-Area – Typical Buyer ...................................................................................................... 87

.... Cowichan Valley Sub - Area – Information from Questionnaire Survey ..................................................... 89




Buyer Origin ................................................................................................................................. 92







What form of agency was provided by the REALTOR® ............................................................. 100

.... Cowichan Valley – Home characteristics from MLS ® data ....................................................................... 101

Selling Price Range ..................................................................................................................... 101

Home Type ................................................................................................................................. 103

Number of Bedrooms ................................................................................................................ 104

Number of Bathrooms ............................................................................................................... 105

Exterior ...................................................................................................................................... 106

Parking ....................................................................................................................................... 108

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

.... Cowichan Valley Sub-Area – Typical Buyer ............................................................................................... 110

..... Nanaimo 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

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

Major Reason for Purchase ....................................................................................................... 116

First-Time Purchase of Principal Residence (Yes or No) ............................................................ 117

Used RRSP for down payment (Yes or No) ................................................................................ 118


2014 Buyer Report


Purchased as Retirement Home (Yes or No) ............................................................................. 119

How Buyers First Became Aware of Property ........................................................................... 120

How Buyers First Chose a REALTOR® ........................................................................................ 121


..... Nanaimo – Home characteristics from MLS ® data ................................................................................... 124


Home Type ................................................................................................................................. 126



Exterior ...................................................................................................................................... 129

Parking ....................................................................................................................................... 131


..... Nanaimo Sub-Area – Typical Buyer ........................................................................................................... 133

..... Parksville/Qualicum Sub - Area – Information from Questionnaire Survey.............................................. 135




Buyer Origin ............................................................................................................................... 138








..... Parksville/Qualicum – Home characteristics from MLS ® data ................................................................. 147


Home Type ................................................................................................................................. 149



Exterior ...................................................................................................................................... 152

Parking ....................................................................................................................................... 154


2014 Buyer Report



..... Parksville/Qualicum Sub-Area – Typical Buyer .......................................................................................... 156

.... Port Alberni/West Coast Sub - Area – Information from Questionnaire Survey ...................................... 158




Buyer Origin ............................................................................................................................... 161








.... Port Alberni/West Coast – Home characteristics from MLS ® data .......................................................... 170


Home Type ................................................................................................................................. 172



Exterior ...................................................................................................................................... 175

Parking ....................................................................................................................................... 177


.... Port Alberni/West Coast Sub-Area – Typical Buyer .................................................................................. 179

.... North Island Sub - Area – Information from Questionnaire Survey .......................................................... 182




Buyer Origin ............................................................................................................................... 185






2014 Buyer Report





.... North Island – Home characteristics from MLS ® data .............................................................................. 194


Home Type ................................................................................................................................. 196



Exterior ...................................................................................................................................... 199

Parking ....................................................................................................................................... 201


.... North Island Sub-Area – Typical Buyer ...................................................................................................... 203

...... Islands Sub - Area – Information from Questionnaire Survey ................................................................... 205




Buyer Origin ............................................................................................................................... 208








...... Islands – Home characteristics from MLS ® data ...................................................................................... 217


Home Type ................................................................................................................................. 219



Exterior ...................................................................................................................................... 222

Parking ....................................................................................................................................... 224



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...... Islands Sub-Area – Typical Buyer ............................................................................................................... 226

...... Survey Data Comparisons from 2012 -2014 .............................................................................................. 228

Time Resident in Community Prior to Purchase 2012 – 2014 ................................................... 229

Buyer Origin 2012 – 2014 .......................................................................................................... 230


First-Time Purchase of Principal Residence 2012 – 2014 .......................................................... 232

Used RRSP for Down payment 2012 - 2014 .............................................................................. 233

Purchased as Retirement Home 2012 -2014 ............................................................................. 234

How Buyers First Became Aware of Property 2012 – 2014 ...................................................... 235

How Buyers First Chose a REALTOR® 2012 - 2014 .................................................................... 237

Form of Agency Provided by REALTOR® 2012 - 2014 ................................................................ 239

...... Survey Data Comparisons .......................................................................................................................... 240

Survey Data 2012 – 2014 ........................................................................................................... 240

Response Data 2012 – 2014 ...................................................................................................... 241

Board Area Selling Price Range 2012 - 2014.............................................................................. 242

Selling Price Range 2012 - 2014 ................................................................................................. 245

Home Type 2012 - 2014 ............................................................................................................ 246

Number of Bedrooms 2012 - 2014 ............................................................................................ 247

Number of Bathrooms 2012 - 2014 ........................................................................................... 248

Exterior 2012 - 2014 .................................................................................................................. 249

Parking 2012 - 2014 ................................................................................................................... 250

Site Characteristics 2012 - 2014 ................................................................................................ 251


2014 Buyer Report


Buyer Profile January 1, 2014 – December 31, 2014

A report containing results of a survey completed by Buyers of residential property and corresponding

Multiple Listing Service® (MLS®) information summarizing ‘home characteristics’ on Vancouver Island, north

of Victoria.

Forward

The 2014 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 2014. 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 2011 to 2014 (focusing

on the top three responses for each factor) is included.

Objectives and Methodology

The 2014 Buyer Profile findings are based on the questionnaire that follows these introductory comments.

Information and goals included: the major reason for the purchase; 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; how did the Buyer choose a REALTOR®; and was Single or Dual agency

used. Only Buyers purchasing residential homes listed and sold through the Multiple Listing Service® (MLS®)

system were surveyed during 2014. 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.


2014 Buyer Report


Survey Response

A total of 6,820 Board Area sales data records, up (2.0%) from last year’s total of 6,155 by 127, were

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

From the mail survey (6,820 letters mailed out within Board Area), a total of 1,465 mail survey records

(21.5%) 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 2014, which is an illustration of the

seasonality of sales.

Number of Questionnaires Mailed Out in 2014

The sub-areas analyzed this year were Campbell River (699 MLS® records and 158 surveys returned);

Comox Valley (1,253 MLS® records and 260 surveys returned); Cowichan Valley (1,245 MLS® records and

265 surveys returned); Nanaimo (1,907 MLS® records and 417 surveys returned); Parksville/Qualicum

(1,097 MLS® records and 288 surveys returned); Port Alberni/West Coast (330 MLS® records and 40

surveys returned); North Island (125 MLS® records and 10 surveys returned); and Islands (Cormorant,

Cortes, Denman, Gabriola, Hornby, Malcolm, Mudge, Protection, Quadra, Read, and Small) (164 MLS®

records and 27 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


2014 Buyer Report


strong representation of general population trends. However, the Port Alberni/West Coast and Islands

sub-areas both had noticeably smaller percentage responses from the questionnaires (12% and 16%,

respectively) while the North Island only had an 8% response rate to the questionnaire (see figure over).

Full analyses were conducted for all Areas from the questionnaire data except for the North

Island sub-area; since there were only 10 surveys returned (a response rate of 8%) for that sub-area.

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

Response Rates for 2014

Please note that decimal points of per cent frequencies were kept to a minimum and increased only

when necessary to show very small differences. Hence, in some cases the total percentages may not add

up to exactly 100%, due to slight rounding differences in the numbers that appear in tables.

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

categories.

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

Major Reason for Purchase, etc.), as not all questions were answered by every Buyer when the form was

mailed back.

Brief descriptive comments were included for each type of analysis.

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

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

In the 2014 survey there were very few minor changes in categories within some continuum questions

only to produce a more accurate response and small changes to some responses options that have been


2014 Buyer Report


updated from results of previous surveys. There were additional questions added to the front 2014

survey to segment the respondents into community migration groups and identify the years spent in the

community. These results provide insight into the migration patterns of the residential home buyer in

the Vancouver Island area. Otherwise there were no changes in the Questionnaire survey mailed out

from 2011 to 2014.

MLS® records of ‘home characteristics’ consisted of descriptions of up to 68 different categories of

‘Exterior Types.’ Many of the descriptions were combinations of two ‘Exterior Types’, but their

frequencies were often much less than one per cent. Hence, for ease of interpretation, the frequency

tables and histograms only include the top 15 categories for the various areas.

Finally, a three-year comparative section was added to this year’s Buyer Profile as a ‘snapshot’ of current

trends for the entire Board Area and for each sub-area.


2014 Buyer Report


Questionnaire Survey

Buyers of Residential Property

Questionnaire Instructions: Please complete each of the following questions by checking the best answer and

completing the blanks where appropriate. Answers are confidential and for statistical purposes only.

BOARD AREA


2014 Buyer Report

2014 VIREB Buyer Profile 16 Source: Vancouver Island Real Estate Board Board Area

Board Area – Information from Questionnaire Survey

Community Movement

The most common migration pattern of 2014 residential property buyers was to move to a new

community with 863 responses (59%), followed by ‘Moving to a new residence in the same

community’ 492 responses (34%), and finally 110 responses (8%) indicated they were ‘Moving back to

the community’.

Community Movement

Community Movement

Community Movement Count % Rank

New to the community 863 59% 1

Moving to a new residence in the same community 492 34% 2

Moving back to the community 110 8% 3

Board Area 1,465 100%


2014 Buyer Report


Length of time lived in same community

For those respondents moving within the same community, the highest frequency response (36%) to the question of how long they had lived there was for the category of ‘More than 20 years’. The figures ranged from 25% in the Islands sub-area to 62% in Port Alberni / West Coast sub-area. The second highest frequency was 20%, for the ‘6 to 10 years’ category.

Years in the Community


You have indicated that you are

moving to a new residence in the

same community. Please indicate

how many years you have lived in

this community.

Count % Rank

1 to 2 46 9% 5

3 to 5 75 15% 3

6 to 10 97 20% 2

11 to 15 52 11% 4

16 to 20 43 9% 6

More than 20 years 179 36% 1

Board Area 492 100%


2014 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 ‘6 to 10 years’ showed the highest frequency at 24% for the Board Area, with figures

ranging from 18% in the Campbell River sub-area to 32% in Port Alberni / West Coast sub-area. The

second highest frequency was 19%, for the ‘3 to 5 years’ category.



You have indicated that

you are moving back to this

community. Please indicate

how many years you have

been away from this

community.

Count % Rank

1 to 2 17 15% 4

3 to 5 21 19% 2

6 to 10 26 24% 1

11 to 15 14 13% 5

16 to 20 12 11% 6


Board Area 110 100%


2014 Buyer Report


Buyer Origin

For Buyers of residential property, the primary Buyer origin for the Board Area (determined from

1,465 responses) was ‘Within the same area’ (36%), ‘Alberta’ (14.4%), followed by ‘Elsewhere on

Vancouver Island’ (14%). When aggregated, Buyers originating from within B.C. totalled 73.8% of the

respondents, and those coming from Vancouver Island is 54.8%.

Buyer Origin

Buyer Origin

Moved from? Count % Rank

Within same area 523 36% 1

Alberta 211 14.4% 2

Elsewhere on Vancouver Island 205 14.0% 3

Other B.C. 112 8% 4

Vancouver 97 7% 5

Ontario 80 5.5% 6

Greater Victoria 71 4.8% 7

Sask./Manitoba 62 4% 8

Fraser Valley 44 3% 9

Rest of World 28 2% 10

Other Canada 18 1.2% 11

Gulf Islands 14 1.0% 12

All Others 1,465 100%


2014 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 94% of the respondents to the survey.



Reason for Purchase Count % Rank

Principal Residence 1,377 94% 1

Recreation/Vacation 27 1.84% 2

Investment/Rental 26 1.77% 3

Student Housing 12 1% 5

Other 23 1.57% 4



2014 Buyer Report


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

‘First-time Buyers’ accounted for 15% of purchases made in the Board Area. The lowest frequency of

‘First-time Buyers’ occurred in the Parksville/Qualicum sub-area (6%), while the highest frequency

occurred in the Campbell River sub-area (24%).

First-Time Purchase of Principal Residence


First Home? Count % Rank

Yes 206 15% 2

No 1,206 85% 1



2014 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 42%

(ranging from 34% in the Cowichan Valley sub-area to 50% in the Parksville / Qualicum and Islands

sub-areas). All zones were similar, ranging from 40% - 50% signifying the roughly half of the ‘First-

time Buyers’ within the VIREB Board Area use their RRSPs for the down payment.

Used RRSP for Down Payment


Used RRSP for down payment Count % Rank

Yes 86 42% 2

No 119 58% 1

Board Area 205 100%


2014 Buyer Report


Purchased as Retirement Home (Yes or No)

The proportion of those ‘Non-First-time Buyers’ buying their home for retirement purposes was 60%.

This proportion varied significantly by zone (ranging from 44% in the Campbell River sub-area to 85%

in the Islands sub-area).

Purchased as a Retirement Home


Retirement Home Count % Rank

Yes 695 60% 1

No 472 40% 2



2014 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’

(35%), ‘Internet - REALTOR.ca site (27%), ‘For sale sign’ (11%). Among the sub-areas, the frequency

for the ‘Real Estate Kiosk in the Mall’ category ranged from 10% in the North Island sub-area to 40%

in the Nanaimo sub-area. As a matter of interest, the Internet choices totalled 34% when added

together.



How Buyers First Became Aware of Property Count % Rank

My REALTOR® supplied PCS 510 35% 1

Internet– REALTOR.ca site 391 27% 2

For Sale sign 154 11% 3

Contacted a Real Estate office 121 8% 4

Internet – other than REALTOR.ca site 109 7% 5

Word of Mouth 61 4% 6

Open House 33 2.3% 8

Real Estate Tabloid 24 1.6% 9

Newspaper advertisement: Classified Ad 14 1% 10

Real Estate Kiosk in the Mall 1 0.1% 11

Other 47 3% 7



2014 Buyer Report




2014 Buyer Report


How Buyers First Chose a REALTOR®

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

(16%), followed by ‘REALTOR® was recommended by co-worker, associate or friend’ (15%), and

‘REALTOR® was recommended by my family or a relative’ (12%). The ‘Previously dealt with this

REALTOR®’ category ranged from 15% in the Cowichan Valley and the Parksville / Qualicum sub-areas

to 25% in Port Alberni / West Coast sub-area. This highlights that REALTORS® depend primarily on

relationship-based referrals to service their business as 38% came as a result of a recommendation

whereas only 16% came from an online or print advertisement.



Source of REALTOR® Count % Rank

Previously dealt with this REALTOR® 237 16% 1

REALTOR® was recommended by co-worker, associate or friend 223 15% 2

REALTOR® was recommended by my family or a relative 183 12% 3

REALTOR® is a friend or co-worker 148 10.1% 4

REALTOR® was recommended/referred by another REALTOR® 142 9.7% 5

Internet-REALTOR® was the agent on listed property 106 7.2% 6

Called the REALTOR® shown on a For Sale sign on property 103 7.0% 7

Attended at a Real Estate office 65 4% 9

Attended an Open House 56 3.8% 10

REALTOR® is a family member 39 3% 11

Called the REALTOR® shown on a newspaper or tabloid ad 26 2% 12

REALTOR® is a client or customer of your business 12 0.8% 13

Recommended by Bank or Mortgage company 11 0.8% 14

REALTOR® spoke my language 8 0.5% 15


Armed Forces Relocation service 3 0.2% 17

Other 99 7% 8



2014 Buyer Report




2014 Buyer Report


Form of Agency Provided by REALTOR®

The most common form of Agency used by Buyers was ‘Single Agency’ - representing only the Buyer

(72%). While ‘Dual Agency’ - representing both Buyer and Seller represented 20%, with ‘Don’t Know’

at 8%. ‘Single Agency’ was the most common in all the Board Areas; however, the range varied

(ranging from 41% to 76%).



Agency Form Count % Rank

Single Agency – representing only buyer 1,058 72% 1

Dual Agency – representing both buyer and seller 293 20% 2

Don't know 114 8% 3



2014 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 54 sales in 2014.

The top three categories for the Board Area were $300,001- $350,000 (15%), $250,001-$300,000

(14.4%), and $200,001-$250,000 (13.9%) totalling 43.3% of all sales.

The top selling price categories were, in increasing order: 150,001-$200,000 for the North Island sub-

area; $200,001-$250,000 for the Port Alberni/West Coast, Campbell River and Island sub-areas;

$250,001-$300,000 for the Campbell River, the Comox Valley, the Cowichan Valley and the Parksville

/ Qualicum sub-areas; and 300,001-$350,000 for the Nanaimo sub-area

Selling Price Range

Selling Price Range Count % Rank

$0 to $50,000 146 2.14% 11

$50,001 to $100,000 274 4% 9

$100,001 to $150,000 386 6% 7

$150,001 to $200,000 561 8% 5

$200,001 to $250,000 947 13.89% 3

$250,001 to $300,000 980 14.37% 2

$300,001 to $350,000 1018 15% 1

$350,001 to $400,000 862 13% 4

$400,001 to $450,000 537 8% 6

$450,001 to $500,000 356 5% 8

$500,001 to $550,000 212 3% 10

$550,001 to $600,000 143 2.10% 12

$600,001 to $650,000 117 1.72% 13

$650,001 to $700,000 68 1.00% 14

$700,001 to $750,000 58 0.85% 15

$750,001 to $800,000 38 0.56% 17

$800,001 to $850,000 26 0.38% 18

$850,001 to $900,000 18 0.26% 19

$900,001 to $950,000 9 0.13% 21

$950,001 to $1,000,000 10 0.15% 20

Over $1,000,000 54 0.79% 16



2014 Buyer Report


Selling Price Range

Selling Price Range


2014 Buyer Report


Home Type

The top three home types were ‘Single-Family’ (61%), ‘Condominium (Apt)’ (8%), and ‘Condominium

(Twnhse)’ (6.1%). The ‘Single-Family’ home type category ranged from 54% in the Cowichan Valley

sub-area to 76% in the Port Alberni/West Coast sub-area.

Home Type

Home Type

Type of Home Count % Rank

Single Family 4,156 61% 1

Condominium (Apt) 534 8% 2

Condominium (Twnhse) 415 6.09% 3

Acreage With House 398 5.84% 4

Manufactured/Mobile On Pad 349 5% 5

Patio Home 303 4% 6

Single Family (Waterfront) 229 3.36% 8

Single Family (Strata) 233 3.42% 7

Duplex (Strata) 138 2% 9

Duplex 34 0.50% 10

Farm/Ranch 12 0.18% 11

Single Family (Modular/Prefab) 9 0.13% 13

Triplex/Fourplex 10 0.15% 12



2014 Buyer Report


Number of Bedrooms

The top three frequencies for number of bedrooms was ‘Three’ (44%), ‘Two’ (26%), and ‘Four’ (18%).

All sub-areas exhibited three bedrooms as the highest frequency, ranging from 35% in the Nanaimo

sub-area to 54% in the Campbell River sub-area; except the Islands sub-area, with 36% for two

bedrooms.

Number of Bedrooms

Number of Bedrooms Median and Average

Number of Bedrooms Count % Rank

1 212 3% 5

2 1,778 26% 2

3 2,963 44% 1

4 1,199 18% 3

5 519 8% 4

6 98 1% 6

7 18 0.27% 7

8 2 0.03% 8

9 1 0.01% 9

10 1 0.01% 9

11 0 0.00% 12

12 1 0.01% 9

13 0 0.00% 12

Board Area 6,792 100% Bedrooms

Board AreaCampbell

River

Comox

Valley

Cowichan

ValleyNanaimo

Parksville /

Qualicum

Port Alberni /

West Coast

North

IslandIslands

Min 1 1 1 1 1 1 1 1 1

Max 12 6 6 10 12 7 8 6 6

Average 3 3 3 3 3 3 3 3 3

Median 3 3 3 3 3 3 3 3 2


2014 Buyer Report


Number of Bedrooms

Number of Bedrooms


2014 Buyer Report


Number of Bathrooms

The most common number of bathrooms in the Board Area was ‘Two’ (46%), followed by ‘Three’

(30%) and ‘One’ (17%). Two bathrooms were the most common in all sub-areas, ranging from 40% in

the Nanaimo sub-area to 57% in the Parksville/Qualicum sub-area.

Number of Bathrooms

Median and Average Number of Bathrooms

Number of Bathrooms Count % Rank

1 1,160 17% 3

2 3,136 46% 1

3 2,065 30% 2

4 343 5% 4

5 53 1% 5

6 13 0.19% 6

7 1 0.01% 7

8 0 0% 8

9 0 0% 8

10 0 0% 8

11 0 0% 8

12 0 0% 8

13 0 0% 8


Board AreaCampbell

River

Comox

Valley

Cowichan

ValleyNanaimo

Parksville /

Qualicum

Port Alberni /

West CoastNorth Island Islands

Min 1 1 1 1 1 1 1 1 1

Max 7 7 6 6 6 6 6 5 5

Average 2 2 2 2 2 2 2 2 2

Median 2 2 2 2 2 2 2 2 2


2014 Buyer Report


Number of Bathrooms

Number of Bathrooms


2014 Buyer Report


Exterior

The top three house exterior types were ‘Vinyl’ (33%), ‘Wood’ (21%), followed by ‘Hardi Plank’ (16%).

‘Vinyl’ was the most common in four sub-areas (Campbell River, Comox Valley, Cowichan Valley and

Nanaimo) ranging from 27% to 47%; while ‘Wood’ was the most common in the other four sub-areas

(Parksville/Qualicum, Port Alberni/West Coast, North Island and Islands); ranging from 31% to 77%.

PLEASE NOTE that only the top 15 descriptions and their frequencies are presented in the table and

figure below. The total number is based on 68 descriptions, with 286 data points or 4.2% excluded

for simplicity.

Exteriors

Exterior Count % Rank

Vinyl 2,181 33% 1

Wood 1,382 21% 2

Hardi Plank 1,015 16% 10

Stucco 785 12% 3

Stucco & Siding 392 6% 4

Aluminum 233 4% 5

Other 96 1.47% 6

Brick & Siding 84 1.29% 11

Stone Hardi Plank 78 1.19% 12

Wood Vinyl 76 1.16% 7

Brick Vinyl 48 0.73% 12

Stucco Wood 45 0.69% 8

Wood Hardi Plank 45 0.69% 14

Stone Vinyl 43 0.66% 9

Brick Stucco 31 0.47% 15



2014 Buyer Report


Exteriors

Exteriors


2014 Buyer Report


Parking

The top three parking features in the Board Area were ‘Garage-Double’ (51%), ‘Carport-Single’ (24%),

and ‘Garage-Single’ (16%). ‘Garage-Double’ was the most common in most sub-areas except the Port

Alberni/West Coast and North Island sub-areas where ‘Garage-Single’ was the most common

(ranging from 31% to 36%).

Parking

Parking

Type of Parking Count % Rank

Garage-Double 2,463 51% 1

Carport-Single 1,152 24% 2

Garage-Single 762 16% 3

Carport-Multiple 182 3.8% 4

Garage-3 Or More 181 3.7% 5

Other 103 2% 6



2014 Buyer Report


Site Characteristics

The top three site characteristics were ‘View – Ocean’ (40.4%), ‘View – Mountain’ (40.1%), and

‘Waterfront – Ocean’ (11%). ‘View – Ocean’ was the most common among Campbell River, Nanaimo,

Parksville/Qualicum, North Island and Island sub-areas (range 42-60%) while ‘View – Mountain’ was

the most common among the Comox Valley, Cowichan Valley, and Port Alberni/West Coast sub-

areas (range 44-70%),




Site Characteristics Count % Rank

View - Ocean 1,058 40.4% 2

View - Mountain 1,049 40.1% 1

Waterfront - Ocean 275 11% 3

View - Lake 100 4% 5

Waterfront - River/Creek 68 3% 7

Waterfront - Lake 53 2% 6

View - City 16 1% 4



2014 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 2014.

‘Typical’ Buyer Profile

Description Mode %

Community Movement New to the community 59%

Years Lived in Same Community More than 20 years 36%

Years Away From Community 6 to 10 24%

Buyer Origin Within same area 36%

Major Reason for Purchase Principal Residence 94%

First Time Purchase of Principal Residence

(Yes or No)No 85%

Used RRSP for Downpayment (Yes or No) No 58%

Purchased as Retirement Home (Yes or No) Yes 60%

How Buyers First Became Aware of PropertyMy REALTOR® supplied

PCS35%

How Buyers First Choose a REALTOR®Previously dealt with this

REALTOR®16%

Form of Agency Provided by REALTOR®Single Agency –

representing only buyer 72%

Selling Price Range $300,001 to $350,000 15%

Home Type Single Family 61%

Number of Bedrooms 3 44%

Number of Bathrooms 2 46%

Exterior Vinyl 33%

Parking Garage-Double 51%

Site Characteristics View - Ocean 40.4%

Information Category from Questionnaire Survey

Home Characteristics from corresponding MLS® data base

CAMPBELL RIVER


2014 Buyer Report

2014 VIREB Buyer Profile 42 Source: Vancouver Island Real Estate Board Campbell River Sub-Area

Campbell River Sub - Area – Information from Questionnaire Survey

Community Movement

The most common migration pattern of 2014 residential property buyers in the Campbell River sub-

area was to move to a new community with 76 responses (48%), followed by ‘Moving to a new

residence in the same community’ 70 responses (44%), and finally 12 responses (8%) indicated they

were ‘Moving back to the community’.

Community Movement

Community Movement





Board Area 158 100%


2014 Buyer Report



For those respondents moving within the same community, the highest frequency response (39%) to the question of how long they had lived there was for the category of ‘More than 20 years’. The second highest frequency was 20%, for the ‘3 to 5 years’ category.







this community.

Count % Rank

1 to 2 7 10% 4

3 to 5 14 20% 2

6 to 10 13 19% 3

11 to 15 6 9% 5

16 to 20 3 4% 6


Board Area 70 100%


2014 Buyer Report




category of ‘1 to 2 years’ and ’16 to 20’ showed the highest frequency at 25% for the Campbell River

sub-area. The second highest frequency was 17%, for the ‘3 to 5 years’ and ‘6 to 10’ category.







been away from this

community.

Count % Rank

1 to 2 3 25% 1

3 to 5 2 17% 3

6 to 10 2 17% 3

11 to 15 1 8% 5

16 to 20 3 25% 1


12 100%


2014 Buyer Report


Buyer Origin

For Buyers of residential property, the primary Buyer origin for the Campbell River sub-area

(determined from 158 responses) was ‘Within the same area’ (44%), followed by ‘Elsewhere on

Vancouver Island’ (13%), and ‘Alberta.’ (10%). When aggregated, Buyers originating from within B.C.

totalled 78% of the respondents, and those coming from Vancouver Island totalled 61%.

Buyer Origin

Buyer Origin



Elsewhere on Vancouver Island 21 13% 2

Alberta 16 10% 3

Other B.C. 14 9% 4

Vancouver 10 6% 5

Ontario 10 6% 5

Greater Victoria 6 4% 7




Other Canada 2 1% 9

Gulf Islands 2 1% 9

All Others 158 100%


2014 Buyer Report



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

Residence’ with 97% of survey respondents choosing this option. The next highest category was

‘Other’ at 2%.




Principal Residence 153 97% 1

Investment/Rental 2 1% 3

Recreation/Vacation 0 0% 4


Other 3 2% 2

Board Area 158 100%


2014 Buyer Report



‘First-time Buyers’ accounted for 24% of purchases made in the Campbell River sub-area.




Yes 38 24% 2

No 118 76% 1

156 100%


2014 Buyer Report



The frequency of ‘First-time Buyers’ using RRSPs for a down payment in the Campbell River sub-area

was 38% signifying that the majority of the ‘First-time Buyers’ within the Campbell River sub-area do

not use RRSPs for their down payment.




Yes 14 38% 2

No 23 62% 1

37 100%


2014 Buyer Report



The proportion of those buying their home for retirement purposes was 44%.




Yes 57 44% 2

No 72 56% 1

129 100%


2014 Buyer Report




(32%), ‘Internet- REALTOR.ca site’ (32%), and ‘For Sale Sign’ (12%). As a matter of interest, the

Internet choices totalled 40% when added together, making ‘Internet search’ the highest frequency

choice for this category.











Newspaper advertisement: Classified Ad 2 1.3% 8


Real Estate Kiosk in the Mall 0 0% 11

Other 4 3% 6

Board Area 158 100%


2014 Buyer Report



The top two ways that Buyers chose their REALTOR® were ‘REALTOR® was recommended by co-

worker, associate or friend’ (18%), followed by ‘Previously dealt with this REALTOR®’ (16%). It is

interesting that the overall VIREB Board Area has slightly different results, as the most popular

method for the Board Area is ‘Previously dealt with this REALTOR®’. However it remains consistent

that REALTORS® depend primarily on referrals, with 41% of REALTOR® business coming from

previous relationships.







REALTOR® is a friend or co-worker 18 11% 4

Called the REALTOR® shown on a For Sale sign on property 14 9% 5

REALTOR® was recommended/referred by another REALTOR® 11 7% 6

Internet-REALTOR® was the agent on listed property 10 6% 7



Attended an Open House 4 3% 11


REALTOR® is a client or customer of your business 2 1% 13

Recommended by Bank or Mortgage company 2 1% 13

REALTOR® spoke my language 0 0% 15


Armed Forces Relocation service 0 0% 15

Other 7 4% 8

Board Area 158 100%


2014 Buyer Report




2014 Buyer Report


What form of agency was provided by the REALTOR®

The most common form of agency used by Buyers was ‘Single Agency – representing only buyer’

(75%).




Single Agency – representing only buyer 118 75% 1


Don't Know 9 6% 3

158 100%


2014 Buyer Report


Campbell River Sub - Area – Home characteristics from MLS ® data

Selling Price Range


million. Above $1 million, prices were combined.

The top three categories for the Campbell River sub-area were: $200,001-$250,000 (21%), $250,001-

$300,000 (21%), and $300,001-$350,000 (19%), totalling 61% of all sales.

Selling Price Range


$0 to $50,000 19 3% 8

$50,001 to $100,000 16 2.3% 9

$100,001 to $150,000 29 4% 7

$150,001 to $200,000 65 9% 4

$200,001 to $250,000 146 21% 1

$250,001 to $300,000 146 21% 1

$300,001 to $350,000 131 19% 3

$350,001 to $400,000 65 9% 4

$400,001 to $450,000 41 6% 6

$450,001 to $500,000 15 2.1% 10

$500,001 to $550,000 13 1.9% 11

$550,001 to $600,000 3 0.4% 13

$600,001 to $650,000 3 0.4% 13

$650,001 to $700,000 0 0.0% 18

$700,001 to $750,000 1 0.1% 15

$750,001 to $800,000 0 0.0% 18

$800,001 to $850,000 0 0.0% 18

$850,001 to $900,000 0 0.0% 18

$900,001 to $950,000 1 0.1% 15

$950,001 to $1,000,000 1 0.1% 15

Over $1,000,000 4 1% 12

699 100%


2014 Buyer Report


Selling Price Range

Selling Price Range


2014 Buyer Report


Home Type

The top three home types were ‘Single-Family’ (73%), ‘Condominium (Apt)’ (7%), and ‘Patio Home’

(5%). The Campbell River sub-area differs from the VIREB Board Area, as ‘Condominium (Twnhse)’

was the third most popular choice for the Board Area versus a ‘Patio Home’.

Home Type

Home Type


Single Family 513 73% 1


Patio Home 34 5% 3






Duplex 10 1.4% 9

Duplex (Strata) 9 1.3% 10


Farm/Ranch 0 0% 12

Single Family (Modular/Prefab) 0 0% 12

699 100%


2014 Buyer Report


Number of Bedrooms

The top three frequencies for number of bedrooms were ‘Three’ (54%), ‘Four’ (19%), and ‘Two’

(17%).

Number of Bedrooms

Number of Bedrooms

Number of Bedrooms


1 12 2% 5

2 120 17% 3

3 374 54% 1

4 130 19% 2

5 53 7.6% 4

6 6 0.9% 6

695 100%


2014 Buyer Report


Number of Bathrooms

The top three frequencies for number of bathrooms were ‘Two’ (50%), ‘Three’ (31%), and ‘One’

(15%).

Number of Bathrooms

Number of Bathrooms

Number of Bathrooms


1 106 15% 3

2 347 50% 1

3 218 31% 2

4 20 3% 4

5 1 0.1% 5

6 0 0% 7

7 1 0.1% 5

693 100%


2014 Buyer Report


Exterior

The top three house exterior types were ‘Vinyl’ (36%), ‘Hardi Plank’ (18.3%), followed by ‘Wood’

(18.2%). A slight change from the VIREB Board Area as a whole, whose order of top three Exterior

types were: ‘Vinyl’, ‘Wood’ followed by ‘Hardi Plank’.

Exterior

Exterior


Vinyl 239 36% 1

Hardi Plank 123 18.3% 2

Wood 122 18.2% 3

Stucco 53 8% 4


Aluminum 28 4% 6



Other 10 1.5% 9







671 100%


2014 Buyer Report


Exteriors


2014 Buyer Report


Parking

The top three parking features in the Campbell River sub-area were ‘Garage-Double’ (53%), ‘Carport-

Single’ (26%), and ‘Garage-Single’ (13%).

Parking

Parking


Garage-Double 282 53% 1

Carport-Single 141 26% 2


Carport-Multiple 22 4% 4

Garage-3 Or More 11 2% 5

Other 7 1% 6

534 100%


2014 Buyer Report



The top three site characteristics were ‘View – Ocean’ (60%), ‘View – Mountain’ (23%), and

‘Waterfront – Ocean’ (10%). These results vary slightly from the VIREB Board Area as a whole, as

those results were ‘View – Mountain’ (40.5%), ‘View – Ocean’ (39.9%), and ‘Waterfront – Ocean’

(10%).





View - Ocean 131 60% 1

View - Mountain 50 23% 2


View - City 1 0.5% 6

View - Lake 0 0% 7



218 100%


2014 Buyer Report


Campbell River Sub-Area – Typical Buyer



Description Mode %



Years Away From Community 1 to 2 and 16 to 20 25%




(Yes or No)No 76%


Purchased as Retirement Home (Yes or No) No 56%

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

Internet– REALTOR.ca site32%

How Buyers First Choose a REALTOR®REALTOR® was recommended by co-

worker, associate or friend18%

Form of Agency Provided by REALTOR®Single Agency – representing only

buyer 75%

Selling Price Range$200,001 to $250,000 and $250,001 to

$300,00021%




Exterior Vinyl 36%


Site Characteristics View - Ocean 60%



COMOX VALLEY


2014 Buyer Report

2014 VIREB Buyer Profile 65 Source: Vancouver Island Real Estate Board Comox Valley Sub-Area

Comox Valley Sub - Area – Information from Questionnaire Survey

Community Movement

The most common migration pattern of 2014 Comox Valley sub-area residential property buyers was

to move to a new community with 151 responses (58%), followed by ‘Moving to a new residence in the

same community’ 91 responses (35%), and finally 18 responses (7%) indicated they were ‘Moving back

to the community’.

Community Movement

Community Movement



Moving to a new residence in the same

community91 35% 2


Board Area 260 100%


2014 Buyer Report










this community.

Count % Rank

1 to 2 8 9% 5

3 to 5 16 18% 3

6 to 10 19 21% 2

11 to 15 8 9% 5

16 to 20 13 14% 4


Board Area 91 100%


2014 Buyer Report




category of ‘6 to 10 years’ showed the highest frequency at 39% for the Comox Valley sub-area. The

second highest frequency was 28%, for the ‘More than 20 years’ category.







been away from this

community.

Count % Rank

1 to 2 2 11% 3

3 to 5 1 6% 5

6 to 10 7 39% 1

11 to 15 1 6% 5

16 to 20 2 11% 3


18 100%


2014 Buyer Report


Buyer Origin

For Buyers of residential property, the primary Buyer origin for the Comox Valley sub-area

(determined from 260 responses) was ‘Within the same area’ (35%), followed by ‘Alberta’ (18%) and

‘Elsewhere on Vancouver Island’ (10%). When aggregated, Buyers originating from within B.C.

totalled 65% of the respondents, and those coming from Vancouver Island totalled 49%.

Buyer Origin

Buyer Origin



Alberta 48 18% 2


Other B.C. 18 6.9% 4

Ontario 17 6.5% 5


Greater Victoria 11 4.2% 7

Vancouver 10 3.8% 8

Fraser Valley 10 3.8% 8

Other Canada 7 3% 10


Gulf Islands 3 1% 12

All Others 260 100%


2014 Buyer Report



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


‘Recreation / Vacation’ at 2.3%.








Other 3 1% 4

Board Area 260 100%


2014 Buyer Report



‘First-time Buyers’ accounted for 11% of purchases made in the Comox Valley sub-area.




Yes 28 11% 2

No 222 89% 1

250 100%


2014 Buyer Report



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

was 48%, signifying that the almost half of the ‘First-time buyers’ within the Comox Valley sub-area

use RRSPs for their down payment.




Yes 13 48% 2

No 14 52% 1

27 100%


2014 Buyer Report







Yes 118 55% 1

No 96 45% 2

214 100%


2014 Buyer Report



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

(30.4%), ‘Internet- REALTOR.ca site’ (29.6%), and ‘For Sale Sign’ (10%). As a matter of interest, the

Internet choices totalled 35.6% when added together, making ‘Internet Search’ the highest

frequency choice for this category.




My REALTOR® supplied PCS 79 30.4% 1

Internet– REALTOR.ca site 77 29.6% 2





Real Estate Tabloid 7 3% 9




Other 13 5.0% 6

Board Area 260 100%


2014 Buyer Report



The top three ways that Buyers chose their REALTOR® were ‘REALTOR® was recommended by co-

worker, associate or friend’ (18%), followed by ‘ Previously dealt with this REALTOR®’ (16%), and

thirdly ‘REALTOR® was recommended by my family or a relative’ (12%). It is interesting to note that

the overall VIREB Board Area has slightly different results, as the second most popular method is

‘Friend or Relative of the REALTOR®. It remains consistent that REALTORS® depend primarily on

relationship-based referral with 42% of REALTOR® business coming from a referral.









Called the REALTOR® shown on a For Sale sign on property 19 7.3% 6






Called the REALTOR® shown on a newspaper or tabloid ad 2 0.8% 13





Other 17 6.5% 8

Board Area 260 100%


2014 Buyer Report




2014 Buyer Report



The most common form of agency used by Buyers was ‘Single Agency – representing only buyer

(73%).






Don't know 21 8% 3

260 100%


2014 Buyer Report


Comox Valley Sub-Area – Home characteristics from MLS ® data

Selling Price Range



The top three categories for the Comox Valley were $250,001- $300,000 (16.5%), $300,001-$350,000

(16.4%), $200,001-$250,000 (15%), totalling 48.5% of all sales.

Selling Price Range


$0 to $50,000 18 1.44% 12

$50,001 to $100,000 42 3.35% 9

$100,001 to $150,000 53 4% 8

$150,001 to $200,000 98 8% 5

$200,001 to $250,000 182 15% 3

$250,001 to $300,000 207 17% 1

$300,001 to $350,000 206 16% 2

$350,001 to $400,000 162 13% 4

$400,001 to $450,000 97 8% 6

$450,001 to $500,000 80 6% 7

$500,001 to $550,000 33 2.63% 10

$550,001 to $600,000 20 2% 11

$600,001 to $650,000 16 1.28% 13

$650,001 to $700,000 10 0.80% 14

$700,001 to $750,000 9 0.72% 15

$750,001 to $800,000 3 0.24% 19

$800,001 to $850,000 4 0.32% 17

$850,001 to $900,000 4 0.32% 17

$900,001 to $950,000 1 0.08% 21

$950,001 to $1,000,000 2 0.16% 20

Over $1,000,000 6 0.48% 16

1,253 100%


2014 Buyer Report


Selling Price Range


2014 Buyer Report


Home Type

The top three home types were ‘Single-Family’ (59%), ‘Condominium (Apt)’ (9%), and ‘Condominium

(Twnhse)’ (6.4%).

Home Type

Home Type





Patio Home 75 5.99% 4




Single Family (Waterfront) 34 3% 8

Single Family (Strata) 18 1% 9

Duplex 5 0.40% 11




1,253 100%


2014 Buyer Report


Number of Bedrooms

The top three frequencies for number of bedrooms were ‘Three’ (48%), ‘Two’ (27%), and ‘Four’

(17%).

Number of Bedrooms

Number of Bedrooms

Number of Bedrooms


1 27 2% 5

2 332 27% 2

3 602 48% 1

4 217 17% 3

5 62 5% 4

6 8 1% 6

1,248 100%


2014 Buyer Report


Number of Bathrooms


(15%).

Number of Bathrooms

Number of Bathrooms

Number of Bathrooms


1 191 15% 3

2 607 49% 1

3 402 32% 2

4 37 3% 4

5 7 1% 5

6 1 0.1% 6

1,245 100%


2014 Buyer Report


Exterior

The top three house exterior types were ‘Vinyl’ (39%), ‘Wood’ (18%), and ‘Hardi Plank’ (17%).

Exterior

Exterior


Vinyl 473 39% 1

Wood 217 18% 2

Hardi Plank 203 17% 3

Stucco 88 7.3% 4

Stucco & Siding 80 6.7% 5

Aluminum 54 4% 6

Stone Hardi Plank 28 2% 7

Other 12 1.0% 8








1,202 100%


2014 Buyer Report


Exterior


2014 Buyer Report


Parking

The top three parking features in the Comox Valley sub-area were ‘Garage-Double’ (46%), ‘Carport-


Parking

Parking





Garage-3 Or More 30 3.3% 4

Carport-Multiple 29 3.2% 5

Other 18 2% 6

900 100%


2014 Buyer Report



The top three site characteristics were ‘View – Mountain’ (64%), ‘View – Ocean’ (20%), and

‘Waterfront – Ocean’ (10%).









View - Lake 4 1.0% 5


Waterfront - Lake 1 0.3% 7

395 100%


2014 Buyer Report


Comox Valley Sub-Area – Typical Buyer



Description Mode %







(Yes or No)No 89%




PCS30.4%

How Buyers First Choose a REALTOR®

REALTOR® was

recommended by co-

worker, associate or friend

18%



Selling Price Range $250,001 to $300,000 16.5%




Exterior Vinyl 39%


Site Characteristics View - Mountain 64%



COWICHAN VALLEY


2014 Buyer Report

2014 VIREB Buyer Profile 89 Source: Vancouver Island Real Estate Board Cowichan Valley Sub-Area

Cowichan Valley Sub - Area – Information from Questionnaire Survey

Community Movement

The most common migration pattern of 2014 Cowichan Valley residential property buyers was to

move to a new community with 183 responses (69%), followed by ‘Moving to a new residence in the

same community’ 58 responses (22%), and finally 24 responses (9%) indicated they were ‘Moving back

to the community’.

Community Movement

Community Movement





Board Area 265 100%


2014 Buyer Report










this community.

Count % Rank

1 to 2 8 14% 3

3 to 5 2 3% 6

6 to 10 11 19% 2

11 to 15 5 9% 4

16 to 20 5 9% 4


Board Area 58 100%


2014 Buyer Report




category of ‘3 to 5 years’, ‘6 to 10 years’, ’11 to 15 years’ and ‘More than 20 years’ showed the

highest frequencies, and all at 21% for the Cowichan Valley.







been away from this

community.

Count % Rank

1 to 2 4 17% 5

3 to 5 5 21% 1

6 to 10 5 21% 1

11 to 15 5 21% 1

16 to 20 0 0% 6


24 100%


2014 Buyer Report


Buyer Origin

For Buyers of residential property, the primary Buyer origin for the Cowichan Valley sub-area


Vancouver Island’ (17%), and ‘Alberta’ (14%). When aggregated, Buyers originating from within B.C.

totalled 73.1% of the respondents, and those coming from Vancouver Island totalled 51%.

Buyer Origin

Buyer Origin




Alberta 36 14% 3


Other B.C. 21 8% 5

Vancouver 18 7% 6

Ontario 17 6.4% 7

Sask./Manitoba 16 6.0% 8

Fraser Valley 16 6.0% 8



Rest of World 2 0.8% 12

All Others 265 100%


2014 Buyer Report



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

‘Principal Residence’ with 92% of survey respondents choosing this option. The next highest

category was ‘Other’ at 3%.







Student Housing 4 1.5% 4

Other 7 3% 2

Board Area 265 100%


2014 Buyer Report



‘First-time Buyers’ accounted for 13% of purchases made in the Cowichan Valley sub-area.




Yes 33 13% 2

No 223 87% 1

256 100%


2014 Buyer Report



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

area was 34%, signifying that the majority of the ‘First-time Buyers’ within the Cowichan Valley sub-

area do not use RRSPs for their down payment.




Yes 12 34% 2

No 23 66% 1

35 100%


2014 Buyer Report







Yes 137 66% 1

No 70 34% 2

207 100%


2014 Buyer Report





Internet choices totalled 34.2% when added together, making ‘Internet search’ the highest

frequency choice for this category







Internet – other than REALTOR.ca site 19 7.2% 4

Word of Mouth 19 7.2% 4

Contacted a Real Estate office 18 6.8% 6


Open House 3 1.1% 9



Other 10 4% 7

Board Area 265 100%


2014 Buyer Report



The top two ways that Buyers chose their REALTOR® were ‘Previously dealt with this REALTOR®’

(15.1%), followed by ‘REALTOR® was recommended by co-worker, associate or friend’ (14.7%). It

remains consistent that REALTORS® depend primarily on referrals, with 40% of REALTOR® business

coming from referrals.




Previously dealt with this REALTOR® 40 15.1% 1

REALTOR® was recommended by my family or a relative 39 14.7% 2


REALTOR® was recommended/referred by another REALTOR® 29 10.9% 4













Other 15 6% 8

Board Area 265 100%


2014 Buyer Report




2014 Buyer Report




(72%).






Don't know 26 10% 3

265 100%


2014 Buyer Report


Cowichan Valley – Home characteristics from MLS ® data

Selling Price Range



The top three categories for the Cowichan Valley were $250,001- $300,000 (15%), $350,001 -

$400,000 (14%) and $300,001-$350,000 (13.3%) totalling 42.3% of all sales.

Selling Price Range


$0 to $50,000 27 2.22% 13

$50,001 to $100,000 48 3.94% 9

$100,001 to $150,000 79 6% 7

$150,001 to $200,000 97 8% 5

$200,001 to $250,000 153 12.57% 4

$250,001 to $300,000 178 15% 1

$300,001 to $350,000 162 13.31% 3

$350,001 to $400,000 165 14% 2

$400,001 to $450,000 85 7% 6

$450,001 to $500,000 58 5% 8

$500,001 to $550,000 46 3.78% 10

$550,001 to $600,000 32 3% 11

$600,001 to $650,000 28 2.30% 12

$650,001 to $700,000 17 1.40% 14

$700,001 to $750,000 15 1.23% 15

$750,001 to $800,000 10 0.82% 16

$800,001 to $850,000 3 0.25% 18

$850,001 to $900,000 2 0.16% 20

$900,001 to $950,000 0 0% 21

$950,001 to $1,000,000 3 0.25% 18

Over $1,000,000 9 0.74% 17

1,217 100%


2014 Buyer Report


Selling Price Range

Selling Price Range


2014 Buyer Report


Home Type

The top three home types were ‘Single-Family’ (56%), ‘Acreage with House’ (8.9%), and Single Family

(Strata)’ (8.5%). This differs from the VIREB Board Area as a whole, whose top three choices were

‘Single-Family’ (60%), ‘Condominium’ (Apt) (7%), and ‘Condominium’ (Twnhse)’ (6%).

Home Type

Home Type





Condominium (Twnhse) 86 7% 5





Patio Home 20 2% 9

Duplex 4 0.3% 11




1,217 100%


2014 Buyer Report


Number of Bedrooms


(20%).

Number of Bedrooms

Number of Bedrooms

Number of Bedrooms


1 27 2% 5

2 307 25% 2

3 542 45% 1

4 242 20% 3

5 78 6% 4

6 13 1% 6

7 1 0.1% 7

8 1 0.1% 7

9 1 0.1% 7

10 1 0.1% 7

1,213 100%


2014 Buyer Report


Number of Bathrooms


(18%).

Number of Bathrooms

Number of Bathrooms

Number of Bathrooms


1 213 18% 3

2 510 42% 1

3 390 32% 2

4 79 7% 4

5 17 1% 5

6 2 0.2% 6

1,211 100%


2014 Buyer Report


Exterior

The top three house exterior types were ‘Vinyl’ (24%), ‘Hardi Plank’ (22%), and ‘Stucco’ (18%).

Exterior

Exterior


Vinyl 280 24% 1


Stucco 210 18% 3

Wood 199 17% 4


Aluminum 50 4% 6




Other 10 0.9% 10






1,163 100%


2014 Buyer Report


Exterior


2014 Buyer Report


Parking


and ‘Garage-Single’ (18%).

Parking

Parking







Other 11 1% 6

888 100%


2014 Buyer Report



The top three site characteristics were ‘View – Mountain’ (44%), ‘View – Ocean’ (33%), and ‘View –

Lake’ (10%).







View - Lake 56 10% 3





577 100%


2014 Buyer Report


Cowichan Valley Sub-Area – Typical Buyer



Description Mode %



Years Away From Community3 to 5 , 6 to 10 , 11 to 15,

and More than 20 years21%




(Yes or No)No 87%




PCS33%


REALTOR®15.1%







Exterior Vinyl 24%





NANAIMO


2014 Buyer Report

2014 VIREB Buyer Profile 112 Source: Vancouver Island Real Estate Board Nanaimo Sub-Area

Nanaimo Sub - Area – Information from Questionnaire Survey

Community Movement

The most common migration pattern of 2014 residential property buyers in the Nanaimo sub-area was

to move to a new community with 195 responses (47%), followed by ‘Moving to a new residence in the

same community’ with 185 responses (44%), and finally 37 responses (9%) indicated they were

‘Moving back to the community’.

Community Movement

Community Movement





Board Area 417 100%


2014 Buyer Report










this community.

Count % Rank

1 to 2 17 9% 5

3 to 5 31 17% 3

6 to 10 37 20% 2

11 to 15 22 12% 4

16 to 20 10 5% 6


Board Area 185 100%


2014 Buyer Report




categories of ‘3 to 5 years’ and ‘6 to 10 years’ showed the highest frequency at 24% for the Nanaimo

sub-area. The second highest frequency was 19% for the ‘More than 20 years’ category.







been away from this

community.

Count % Rank

1 to 2 3 8% 6

3 to 5 9 24% 1

6 to 10 9 24% 1

11 to 15 4 11% 5

16 to 20 5 14% 4


37 100%


2014 Buyer Report


Buyer Origin

For Buyers of residential property, the primary Buyer origin for the Nanaimo sub-area (determined

from 417 responses) was ‘Within the same area’ (51%), followed by ‘Elsewhere on Vancouver Island’

(13%), and ‘Alberta’ (10%). When aggregated, Buyers originating from within B.C. totalled 80% of the

respondents, and those coming from Vancouver Island totalled 67%.

Buyer Origin

Buyer Origin




Alberta 40 10% 3

Vancouver 24 6% 4

Other B.C. 21 5% 5

Ontario 17 4% 6







417 100%


2014 Buyer Report



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


‘Investment / Rental’ at 2%.








Other 5 1.2% 3

Board Area 417 100%


2014 Buyer Report



‘First-time Buyers’ accounted for 20% of purchases made in the Nanaimo sub-area.




Yes 81 20% 2

No 324 80% 1

405 100%


2014 Buyer Report



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

43%, signifying that almost half of the ‘First-time Buyers’ within the Nanaimo sub-area use RRSPs for

their down payment.




Yes 34 43% 2

No 45 57% 1

79 100%


2014 Buyer Report



The proportion of those buying their home for retirement purposes was 52%




Yes 165 52% 1

No 154 48% 2

319 100%


2014 Buyer Report





Internet choices totalled 33% when added together, making ‘Internet Search’ the second highest












Open House 9 2% 8



Other 12 3% 7

Board Area 417 100%


2014 Buyer Report




(17%), followed by ‘REALTOR® was recommended by co-worker, associate or friend’ (15%), and

‘REALTOR® was recommended by my family or a relative’ (12.5%). It remains consistent that

REALTORS® depend primarily on referral-based advertising with 38% of REALTOR® business coming

from a recommendation.












REALTOR® is a family member 14 3.4% 10

Attended at a Real Estate office 11 2.6% 11

Called the REALTOR® shown on a newspaper or tabloid ad 6 1.4% 12






Other 27 6% 7

Board Area 417 100%


2014 Buyer Report




2014 Buyer Report




(76%).






Don't know 32 8% 3

417 100%


2014 Buyer Report


Nanaimo – Home characteristics from MLS ® data

Selling Price Range



The top three categories for the Nanaimo area were $300,001-$350,000 (14.3%), $350,001-$400,000

(14.2%), and $250,001 to $300,000 (13.8%), totalling 42.3% of all sales.

Selling Price Range


$0 to $50,000 46 2.38% 11

$50,001 to $100,000 76 4% 9

$100,001 to $150,000 93 5% 8

$150,001 to $200,000 140 7% 6

$200,001 to $250,000 260 13.44% 4

$250,001 to $300,000 267 13.81% 3

$300,001 to $350,000 277 14.32% 1

$350,001 to $400,000 274 14.17% 2

$400,001 to $450,000 177 9% 5

$450,001 to $500,000 110 6% 7

$500,001 to $550,000 66 3% 10

$550,001 to $600,000 46 2.38% 11

$600,001 to $650,000 36 1.86% 13

$650,001 to $700,000 14 0.72% 14

$700,001 to $750,000 13 0.67% 15

$750,001 to $800,000 11 0.6% 16

$800,001 to $850,000 7 0.36% 18

$850,001 to $900,000 4 0.21% 20

$900,001 to $950,000 5 0.26% 19

$950,001 to $1,000,000 1 0.05% 21

Over $1,000,000 11 0.57% 16

1,934 100%


2014 Buyer Report


Selling Price Range

Selling Price Range


2014 Buyer Report


Home Type

The top three home types were ‘Single-Family’ (61%), ‘Condominium (Apt)‘ (11%), and

‘Condominium (Twnhse)’ (9%).

Home Type

Home Type


Single Family 1,181 61% 1





Patio Home 54 2.8% 6




Duplex 14 0.7% 10




1,934 100%


2014 Buyer Report


Number of Bedrooms


(18%).

Number of Bedrooms

Number of Bedrooms

Number of Bedrooms


1 72 4% 5

2 510 26% 2

3 672 35% 1

4 348 18% 3

5 254 13% 4

6 62 3% 6

7 12 0.6% 7

8 0 0% 9

9 0 0% 9

10 0 0% 9

11 0 0% 9

12 1 0.1% 8

1,931 100%


2014 Buyer Report


Number of Bathrooms

The top three frequencies for number of bathrooms were ‘Two’ (40%), ‘Three’ (35%), and ‘One’ (16).

Number of Bathrooms

Number of Bathrooms

Number of Bathrooms


1 307 16% 3

2 779 40% 1

3 680 35% 2

4 133 7% 4

5 18 1% 5

6 7 0.4% 6

1,924 100%


2014 Buyer Report


Exterior

The top three house exterior types were ‘Vinyl’ (45%), ‘Wood’ (14%), and ‘Stucco’ (12%).

Exterior

Exterior


Vinyl 834 45% 1

Wood 253 14% 2

Stucco 215 12% 3



Aluminum 57 3% 6

Other 44 2.4% 7









1,844 100%


2014 Buyer Report


Exterior


2014 Buyer Report


Parking


and ‘Garage-Single’ (16%).

Parking

Parking







Other 48 3.5% 5

1,359 100%


2014 Buyer Report




‘Waterfront – Ocean (8%).








View - Lake 33 4% 4




756 100%


2014 Buyer Report


Nanaimo Sub-Area – Typical Buyer



Description Mode %



Years Away From Community 3 to 5 and 6 to 10 24%




(Yes or No)No 80%




PCS40%


REALTOR®17%



Selling Price Range $300,001 to $350,000 14.3%




Exterior Vinyl 45%





PARKSVILLE/QUALICUM


2014 Buyer Report

2014 VIREB Buyer Profile 135 Source: Vancouver Island Real Estate Board Parksville/Qualicum Sub-Area

Parksville/Qualicum Sub - Area – Information from Questionnaire Survey

Community Movement

The most common migration pattern of 2014 residential property buyers of the Parksville /Qualicum

sub-area was to move to a new community with 210 responses (73%), followed by ‘Moving to a new

residence in the same community’ 67 responses (23%), and finally 11 responses (4%) indicated they

were ‘Moving back to the community’.

Community Movement

Community Movement





Board Area 288 100%


2014 Buyer Report










this community.

Count % Rank

1 to 2 5 7% 6

3 to 5 8 12% 5

6 to 10 14 21% 2

11 to 15 10 15% 4

16 to 20 11 16% 3


Board Area 67 100%


2014 Buyer Report




category of ‘1 to 2 years’ showed the highest frequency at 45% for the Parksville / Qualicum sub-

area. The second highest frequency was 27%, for the ‘3 to 5 years’ category.







been away from this

community.

Count % Rank

1 to 2 5 45% 1

3 to 5 3 27% 2

6 to 10 2 18% 3

11 to 15 0 0% 5

16 to 20 1 9% 4


11 100%


2014 Buyer Report


Buyer Origin

For Buyers of residential property, the primary Buyer origin for the Parksville/Qualicum sub-area

(determined from 288 responses) was ‘Within the same area’ (24%), followed by ‘Alberta’ (22%),

then by ‘Elsewhere on Vancouver Island’ (15%). When aggregated, all Buyers originating from within

B.C. totalled 65% of the respondents, and those coming from Vancouver Island totalled 42%.

Buyer Origin

Buyer Origin



Alberta 63 22% 2


Other B.C. 30 10% 4

Vancouver 26 9% 5

Ontario 18 6% 6







All Others 288 100%


2014 Buyer Report



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


category was ‘Recreation / Vacation’ at 2.1%.








Other 5 1.7% 3

Board Area 288 100%


2014 Buyer Report



‘First-time Buyers’ accounted for 6% of purchases made in the Parksville/Qualicum sub-area.




Yes 16 6% 2

No 261 94% 1

277 100%


2014 Buyer Report



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

area was 50%.

**FIRST TIME BUYER sample too small, not a representative sample**




Yes 8 50% 1

No 8 50% 1

16 100%


2014 Buyer Report



The proportion of those buying their home for retirement purposes was 74%. Parksville/Qualicum

has one of the highest retirement home percentages within the VIREB Board Area.




Yes 180 74% 1

No 64 26% 2

244 100%


2014 Buyer Report





Internet choices totalled 32% when added together, making ‘Internet Search’ the second highest











Open House 8 3% 7




Other 7 2% 8

Board Area 288 100%


2014 Buyer Report




and ‘REALTOR® was recommended by co-worker, associate or friend’ both at (15%), followed by

‘REALTOR® was recommended/referred by another REALTOR®’ (11%). It remains consistent that

REALTORS® depend primarily on referral-based advertising with 36% of REALTOR® business coming

from a recommendation.










Attended at a Real Estate office 22 7.6% 8




REALTOR® is a family member 4 1.4% 12






Other 26 9% 6

Board Area 288 100%


2014 Buyer Report




2014 Buyer Report




(71%).






Don't know 20 7% 3

288 100%


2014 Buyer Report


Parksville/Qualicum – Home characteristics from MLS ® data

Selling Price Range



The top three categories for the Parksville/Qualicum were $300,001-$350,000 (18%), $350,000-

$400,001 (15%), and$250,000-$300,001 (11%), totalling 44% of all sales.

Selling Price Range


$0 to $50,000 14 1% 16

$50,001 to $100,000 36 3% 10

$100,001 to $150,000 41 3.7% 8

$150,001 to $200,000 49 4.5% 7

$200,001 to $250,000 90 8% 5

$250,001 to $300,000 119 11% 3

$300,001 to $350,000 199 18% 1

$350,001 to $400,000 164 15% 2

$400,001 to $450,000 115 10% 4

$450,001 to $500,000 79 7% 6

$500,001 to $550,000 41 3.7% 8

$550,001 to $600,000 35 3% 11

$600,001 to $650,000 25 2% 12

$650,001 to $700,000 25 2% 12

$700,001 to $750,000 15 1.4% 15

$750,001 to $800,000 11 1.0% 17

$800,001 to $850,000 9 0.8% 18

$850,001 to $900,000 6 0.5% 19

$900,001 to $950,000 2 0.2% 21

$950,001 to $1,000,000 3 0.3% 20

Over $1,000,000 19 2% 14

1,097 100%


2014 Buyer Report


Selling Price Range

Selling Price Range


2014 Buyer Report


Home Type

The top three home types were ‘Single-Family’ (59%), ‘Patio Home’ (10%), and ‘Acreage with House’

(7%). This varies from the VIREB Board Area as a whole, whose top 3 home types were: ‘Single-

Family’ (60%), ‘Condominium (Apt)’ (7%), and ‘Condominium (Twnhse)’ (6.3%).

Home Type

Home Type



Patio Home 114 10% 2

Acreage With House 76 7% 3




Manufactured/Mobile On Pad 48 4.4% 8



Farm/Ranch 1 0.1% 9



Duplex 0 0% 10

1,097 100%


2014 Buyer Report


Number of Bedrooms


(12%).

Number of Bedrooms

Number of Bedrooms

Number of Bedrooms


1 37 3% 5

2 362 33% 2

3 519 47% 1

4 130 12% 3

5 41 4% 4

6 6 1% 6

7 1 0.1% 7

1,096 100%


2014 Buyer Report


Number of Bathrooms


(13%).

Number of Bathrooms

Number of Bathrooms

Number of Bathrooms


1 135 12% 3

2 617 57% 1

3 269 25% 2

4 57 5% 4

5 8 1% 5

6 2 0.2% 6

1,088 100%


2014 Buyer Report


Exterior

The top three house exterior types were ‘Wood’ (30%), ‘Vinyl’ (22%), and ‘Hardi Plank’ (20%).

Exterior

Exterior


Wood 318 30% 1

Vinyl 230 22% 2


Stucco 139 13% 4


Aluminum 21 2.0% 6






Other 8 0.8% 12




1,052 100%


2014 Buyer Report


Exterior


2014 Buyer Report


Parking

The top three parking features in the Parksville/Qualicum were ‘Garage-Double’ (64%), ‘Carport-


Parking

Parking







Other 9 1% 6

836 100%


2014 Buyer Report




‘Waterfront – Ocean (19%).












321 100%


2014 Buyer Report


Parksville/Qualicum Sub-Area – Typical Buyer



Description Mode %







(Yes or No)No 94%

Used RRSP for Downpayment (Yes or No) Yes and No 50%



PCS37%


Previously dealt with this

REALTOR® and

REALTOR® was

recommended by co-

worker, associate or friend

15%







Exterior Wood 30%





PORT ALBERNI/WEST COAST


2014 Buyer Report

2014 VIREB Buyer Profile 158 Source: Vancouver Island Real Estate Board Port Alberni/West Coast Sub-Area

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

Community Movement

The most common migration pattern of 2014 residential property buyers of the Port Alberni /West

Coast sub-area was to move to a new community with 22 responses (55%), followed by ‘Moving to a

new residence in the same community’ 13 responses (33%), and finally 5 responses (13%) indicated

they were ‘Moving back to the community’.

Community Movement

Community Movement





Board Area 40 100%


2014 Buyer Report










this community.

Count % Rank

1 to 2 1 8% 3

3 to 5 1 8% 3

6 to 10 2 15% 2

11 to 15 0 0% 6

16 to 20 1 8% 3


Board Area 13 100%


2014 Buyer Report




category of ‘11 to 15 years’ showed the highest frequency at 60% for the Port Alberni / West Coast

sub areas. The second highest frequency was 20%, for the ‘6 to 10 years’ and ’16 to 20 years’

category.







been away from this

community.

Count % Rank

1 to 2 0 0% 4

3 to 5 0 0% 4

6 to 10 1 20% 2

11 to 15 3 60% 1

16 to 20 1 20% 2


5 100%


2014 Buyer Report


Buyer Origin

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


Vancouver Island’ (23%), and ‘Alberta’ / ‘Other B.C.’ (both at 13%). When aggregated, all Buyers

originating from within B.C. totalled 83% of the respondents, and those coming from Vancouver

Island totalled 60%.

Buyer Origin

Buyer Origin




Alberta 5 13% 3

Other B.C. 5 13% 3

Vancouver 2 5% 5



Gulf Islands 2 5% 5

Ontario 0 0% 9



Other Canada 0 0% 9

All Others 40 100%


2014 Buyer Report



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


category was for ‘Investment / Rental’ at 8%.








Other 0 0% 5

Board Area 40 100%


2014 Buyer Report



‘First-time Buyers’ accounted for 11% of purchases made in the Port Alberni/West Coast sub-area.




Yes 4 11% 2

No 31 89% 1

35 100%


2014 Buyer Report



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

sub-area was 40%, signifying that the majority of the people within the Port Alberni/West Coast sub-

area do not use RRSPs for their down payment.




Yes 2 40% 2

No 3 60% 1

5 100%


2014 Buyer Report



The proportion of those buying their home for retirement purposes was 69%, up from 40% last year.




Yes 20 69% 1

No 9 31% 2

29 100%


2014 Buyer Report



The top three ways that Buyers became aware of the property were ’Contacted a Real Estate

Office’(30%), ‘My REALTOR® supplied PCS’ (23%), and ‘Internet- REALTOR.ca site’ (20%). As a matter

of interest, the Internet choices totalled 30% when added together, resulting in ‘Internet Search’

being tied for the highest frequency choice for this category.










Open House 0 0% 7




Other 1 3% 6

Board Area 40 100%


2014 Buyer Report




(25%), followed by ‘Attended at a Real Estate office’ (15%) and ‘Internet-REALTOR® was the agent on

listed property’ and ‘REALTOR® was recommended by my family or a relative’ (13%). Interestingly in

the Port Alberni / West Coast sub-area both previous relationship and referral based means were

each 30% of where REALTOR® business is coming from.




















Other 1 3% 9

Board Area 40 100%


2014 Buyer Report




2014 Buyer Report




(50%). This remains consistent with last year where single agency represented 49%.






Don't know 6 15% 3

40 100%


2014 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 $200,001-$250,000 (22%),

$100,001-$150,000 (20%), and $150,001- $200,000 (19%). This is the reverse of the 2013 Buyer

profile where the top three categories were $150,001- $200,000 (20%), $100,001-$150,000 (18%),

$200,001-$250,000 (22%), totalling 55% of all sales.

Selling Price Range


$0 to $50,000 6 1.8% 8

$50,001 to $100,000 28 8% 5

$100,001 to $150,000 65 20% 2

$150,001 to $200,000 62 19% 3

$200,001 to $250,000 72 22% 1

$250,001 to $300,000 36 11% 4

$300,001 to $350,000 16 4.8% 6

$350,001 to $400,000 15 4.5% 7

$400,001 to $450,000 6 1.8% 8

$450,001 to $500,000 5 1.5% 10

$500,001 to $550,000 5 1.5% 10

$550,001 to $600,000 2 0.6% 14

$600,001 to $650,000 5 1.5% 10

$650,001 to $700,000 0 0.0% 19

$700,001 to $750,000 3 0.9% 13

$750,001 to $800,000 1 0.3% 15

$800,001 to $850,000 1 0.3% 15

$850,001 to $900,000 1 0.3% 15

$900,001 to $950,000 0 0.0% 19

$950,001 to $1,000,000 0 0.0% 19

Over $1,000,000 1 0.3% 15

330 100%


2014 Buyer Report


Selling Price Range

Selling Price Range


2014 Buyer Report


Home Type

The top three home types were ‘Single-Family’ (74%), ‘Acreage with House’ (6%), and ‘Condominium

(Apt)’ (3.9%). This varies from the VIREB Board Area as a whole, whose top three home types are:

‘Single-Family’ (60%), ‘Condominium (Apt)’ (7%), and Condominium (Twnhse)’ (6.3%).

Home Type

Home Type




Condominium (Apt) 13 3.9% 3

Manufactured/Mobile On Pad 12 3.6% 4





Patio Home 4 1.2% 8


Duplex 1 0.3% 11



330 100%


2014 Buyer Report


Number of Bedrooms


(21%), which is a slight change from last year where the top three frequencies were ‘Three’ (40%),

‘Two’ (24%), and ‘Four’ (23%).

Number of Bedrooms

Number of Bedrooms

Number of Bedrooms


1 12 4% 5

2 67 21% 3

3 142 44% 1

4 77 24% 2

5 19 6% 4

6 1 0.3% 7

7 4 1% 6

8 1 0.3% 7

323 100%


2014 Buyer Report


Number of Bathrooms

The top three frequencies for number of bathrooms were ‘Two’ (44%), ‘One’ (37%), and ‘Three’

(16%).

Number of Bathrooms

Number of Bathrooms

Number of Bathrooms


1 120 37% 2

2 144 44% 1

3 52 16% 3

4 9 3% 4

5 0 0% 6

6 1 0.3% 5

326 100%


2014 Buyer Report


Exterior

The top three house exterior types were ‘Wood’ (27%), ‘Stucco’ (23%), and ‘Vinyl’ (22%).

Exterior

Exterior


Wood 87 27% 1

Stucco 72 23% 2

Vinyl 69 22% 3


Hardi Plank 25 8% 5

Aluminum 12 4% 6

Other 8 3% 7


Wood Vinyl 2 0.6% 9






Stone Vinyl 0 0% 15

318 100%


2014 Buyer Report


Exterior


2014 Buyer Report


Parking

The top three parking features in the Port Alberni/West Coast were ‘Garage-Single’ (33%), ‘Carport-

Single’ (31%) and ‘Garage-Double’ (24%).

Parking

Parking







Other 6 3% 6

204 100%


2014 Buyer Report



The top three site characteristics were ‘View – Mountain’ (70%), ‘View – Ocean’ (18%), and













208 100%


2014 Buyer Report


Port Alberni/West Coast Sub-Area – Typical Buyer



Description Mode %







(Yes or No)No 89%



How Buyers First Became Aware of PropertyContacted a Real Estate

office30%


REALTOR®25%







Exterior Wood 27%

Parking Garage-Single 33%




NORTH ISLAND


2014 Buyer Report

2014 VIREB Buyer Profile 181 Source: Vancouver Island Real Estate Board North Island Sub-Area

Readers are encouraged to treat the statistics in this section of the report with caution. Statistics based

on ten or fewer observations are typically omitted from reports for reasons of confidentiality, and the

resulting data is usually considered unreliable due to the small sample size. In the North Island sub-

area, there were only ten who responded to the Buyers' Survey, and accordingly the results in this zone

can only be said to represent the circumstances of those ten individual buyers, and not the zone in

general.


2014 Buyer Report


North Island Sub - Area – Information from Questionnaire Survey

Community Movement

The most common migration pattern of 2014 residential property buyers of the North Island sub-area

was to move to a new community with five responses (50%), followed by ‘Moving to a new residence

in the same community’ four responses (40%), and finally one response (10%) indicated they were

‘Moving back to the community’.

Community Movement

Community Movement





Board Area 10 100%


2014 Buyer Report



For those respondents moving within the same community, the highest frequency response (50%) to the question of how long they had lived there was for the category of ‘More than 20 years’. The second highest frequency was 25%, for the ‘6 to 10 years’ and ’11 to 15’ categories.







this community.

Count % Rank

1 to 2 0 0% 4

3 to 5 0 0% 4

6 to 10 1 25% 2

11 to 15 1 25% 2

16 to 20 0 0% 4


Board Area 4 100%


2014 Buyer Report



There was only one respondent who indicated he/she was moving back to a community after having

lived elsewhere for some time and was away from the community for ‘3 to 5 years’.







been away from this

community.

Count % Rank

Less than one year 0 0% 2

1 to 2 0 0% 2

3 to 5 1 100% 1

6 to 10 0 0% 2

11 to 15 0 0% 2

16 to 20 0 0% 2


1 100%


2014 Buyer Report


Buyer Origin

For Buyers of residential property, the primary Buyer origin for the North Island sub-area

(determined from 10 responses) was ‘Elsewhere on Vancouver Island’ (50%), followed by ‘Within the

same area’ (40%).

Buyer Origin

Buyer Origin





Alberta 0 0% 4

Other B.C. 0 0% 4

Vancouver 0 0% 4

Ontario 0 0% 4




Other Canada 0 0% 4

Gulf Islands 0 0% 4

All Others 10 100%


2014 Buyer Report



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

Residence’ with 90% of survey respondents choosing this option.








Other 0 0% 3

Board Area 10 100%


2014 Buyer Report



‘First-time Buyers’ accounted for 22% of purchases made in the North Island sub-area.




Yes 2 22% 2

No 7 78% 1

9 100%


2014 Buyer Report



The frequency of ‘First-time Buyers’ using RRSPs for a down payment in the North Island sub-area

was 50%.




Yes 1 50% 1

No 1 50% 1

2 100%


2014 Buyer Report







Yes 1 20% 2

No 4 80% 1

5 100%


2014 Buyer Report



The top three ways that Buyers became aware of the property were ‘Internet- REALTOR.ca site’

(40%), ‘For Sale Sign’ (20%), and ‘Contacted a Real Estate office’ (10%). As a matter of interest, the

Internet choices totalled 50% when added together, making ‘Internet Search’ the highest frequency











Open House 0 0% 7




Other 0 0% 7

Board Area 10 100%


2014 Buyer Report




(30%), followed by ‘Other’ (20%). It remains consistent that REALTORS® depend primarily on referral-

based advertising with 38% of REALTOR® business coming from a recommendation.




















Other 2 20% 2

Board Area 10 100%


2014 Buyer Report




2014 Buyer Report



The most common form of agency used by Buyers in the North Island sub-area was split 50%

between ‘Single Agency – representing only buyer’ and ‘Dual Agency – representing both buyer and

seller’.






Don't know 0 0% 3

10 100%


2014 Buyer Report


North Island – Home characteristics from MLS ® data

Selling Price Range



The top three categories for the North Island were $150,001-$200,000 (22%), $50,001-$100,000

(19%), and $100,001 to $150,000 (15%) totalling 56% of all sales.

Selling Price Range


$0 to $50,000 16 13% 4

$50,001 to $100,000 24 19% 2

$100,001 to $150,000 19 15% 3

$150,001 to $200,000 28 22% 1

$200,001 to $250,000 16 13% 4

$250,001 to $300,000 10 8% 6

$300,001 to $350,000 5 4% 7

$350,001 to $400,000 2 2% 8

$400,001 to $450,000 2 2% 8

$450,001 to $500,000 1 1% 10

$500,001 to $550,000 1 1% 10

$550,001 to $600,000 0 0% 13

$600,001 to $650,000 1 1% 10

$650,001 to $700,000 0 0% 13

$700,001 to $750,000 0 0% 13

$750,001 to $800,000 0 0% 13

$800,001 to $850,000 0 0% 13

$850,001 to $900,000 0 0% 13

$900,001 to $950,000 0 0% 13

$950,001 to $1,000,000 0 0% 13

Over $1,000,0000 0 0% 13

125 100%


2014 Buyer Report


Selling Price Range

Selling Price Range


2014 Buyer Report


Home Type

The top three home types were ‘Single Family’ (66%), ‘Condominium (Apt)’ (9%), and ‘Single Family

(Waterfront)’ (6.4%).

Home Type

Home Type









Patio Home 2 2% 8



Duplex 0 0% 11

Farm/Ranch 0 0% 11

Triplex/Fourplex 0 0% 11

125 100%


2014 Buyer Report


Number of Bedrooms


(17%).

Number of Bedrooms

Number of Bedrooms

Number of Bedrooms


1 3 2% 5

2 21 17% 3

3 59 48% 1

4 32 26% 2

5 8 6% 4

6 1 1% 6

124 100%


2014 Buyer Report


Number of Bathrooms


(22%).

Number of Bathrooms

Number of Bathrooms

Number of Bathrooms


1 27 22% 3

2 64 51% 1

3 30 24% 2

4 3 2% 4

5 1 1% 5

125 100%


2014 Buyer Report


Exterior

The top three house exterior types were ‘Wood’ (48%), ‘Vinyl’ (31%), and ‘Aluminum’ (7%).

Exterior

Exterior


Wood 59 48% 1

Vinyl 38 31% 2

Aluminum 8 7% 3

Wood Vinyl 7 6% 4

Stucco 5 4% 5

Hardi Plank 5 4% 5


Other 0 0% 8

Stucco Wood 0 0% 8

Stone Vinyl 0 0% 8

Brick & Siding 0 0% 8


Brick Vinyl 0 0% 8

Wood Hardi Plank 0 0% 8

Brick Stucco 0 0% 8

123 100%


2014 Buyer Report


Exterior


2014 Buyer Report


Parking

The top three parking features in the North Island sub-area were ‘Carport-Single’ (36%), ‘Garage-

Single’ (30%), and ‘Garage-Double’ (23%).

Parking

Parking







Other 3 4% 4

69 100%


2014 Buyer Report












View - City 0 0% 4



View - Lake 0 0% 4

67 100%


2014 Buyer Report


North Island Sub-Area – Typical Buyer



Description Mode %




Buyer Origin Elsewhere on Vancouver Island 50%



(Yes or No)No 78%


Purchased as Retirement Home (Yes or No) No 80%

How Buyers First Became Aware of Property Internet– REALTOR.ca site 40%


REALTOR®30%


Single Agency – representing

only buyer and Dual Agency –

representing both buyer and

seller

50%





Exterior Wood 48%

Parking Carport-Single 36%




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


2014 Buyer Report

2014 VIREB Buyer Profile 205 Source: Vancouver Island Real Estate Board Islands Sub-Area

Islands Sub - Area – Information from Questionnaire Survey

Community Movement

The most common migration pattern of 2014 residential property buyers of the Islands sub-

area was ‘New to the community’ with 21 responses (78%), followed by ‘Moving to a new

residence in the same community’ four responses (15%), and finally two responses (7%)

indicated they were ‘Moving back to the community’.

Community Movement

Community Movement





Board Area 27 100%


2014 Buyer Report



For those respondents moving within the same community, the highest frequency response (75%) to the question of how long they had lived there was for the category of ‘3 to 5 years’. The second highest frequency was 25%, for the ‘More than 20 years’ category.







this community.

Count % Rank

1 to 2 0 0% 3

3 to 5 3 75% 1

6 to 10 0 0% 3

11 to 15 0 0% 3

16 to 20 0 0% 3


Board Area 4 100%


2014 Buyer Report



There were only two respondents who indicated they were moving back to a community

after having lived elsewhere for some time and they were away from the community for

‘More than 20 years’.







been away from this

community.

Count % Rank

1 to 2 0 0% 2

3 to 5 0 0% 2

6 to 10 0 0% 2

11 to 15 0 0% 2

16 to 20 0 0% 2


2 100%


2014 Buyer Report


Buyer Origin

For Buyers of residential property, the primary Buyer origin for the Islands sub-area

(determined from 27 responses) was ‘Vancouver’ (26%), followed by ‘Within the same area’

and ‘Elsewhere on Vancouver Island’ (both at 15%). When aggregated, Buyers originating

from within B.C. totalled 74%, and those coming from Vancouver Island totalled 30%.

Buyer Origin

Buyer Origin


Vancouver 7 26% 1



Alberta 3 11% 4

Other B.C. 3 11% 4



Ontario 1 4% 8





All Others 27 100%


2014 Buyer Report



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

Residence’ with 89% of survey respondents choosing this option. The next highest category

was ‘Recreation / Vacation’ at 7%.








Other 0 0% 4

Board Area 27 100%


2014 Buyer Report



‘First-time Buyers’ accounted for 17% of purchases made in the Islands sub-area.




Yes 4 17% 2

No 20 83% 1

24 100%


2014 Buyer Report



The frequency of ‘First-time Buyers’ using RRSPs for a down payment in the Islands sub-area

was 50%.




Yes 2 50% 1

No 2 50% 1

4 100%


2014 Buyer Report







Yes 17 85% 1

No 3 15% 2

20 100%


2014 Buyer Report



The top three ways that Buyers became aware of the property were ‘My REALTOR® supplied

PCS’ (33%), ‘Internet- REALTOR.ca site’ (19%), and ‘For Sale Sign’ / ‘Contacted a Real Estate

office’ / ‘Internet – other than REALTOR.ca site’ (15%). As a matter of interest, the Internet

choices totalled 34% when added together, making ‘Internet Search’ the highest frequency











Open House 0 0% 7




Other 0 0% 7

Board Area 27 100%


2014 Buyer Report



The top three ways that Buyers chose their REALTOR® were ‘Internet-REALTOR® was the

agent listed on the property’ (22%), followed by ‘Previously dealt with this REALTOR®’

(19%), and ‘REALTOR® was recommended by my family or a relative’ (15%). It remains

consistent that REALTORS® depend primarily on referral-based advertising with 38% of

REALTOR® business coming from a recommendation.




















Other 4 15% 3

Board Area 27 100%


2014 Buyer Report




2014 Buyer Report



The most common form of agency used by Buyers was ‘Dual Agency representing both buyer

and seller’ (59%).






Don't know 0 0% 3

27 100%


2014 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 $200,001-$250,000 (17%) $300,001-

$350,000 and $150,001 to $200,000 both at (13%) totalling 43% of all sales.

Selling Price Range


$0 to $50,000 0 0% 19

$50,001 to $100,000 4 2.4% 11

$100,001 to $150,000 7 4% 8

$150,001 to $200,000 22 13% 2

$200,001 to $250,000 28 17% 1

$250,001 to $300,000 17 10% 4

$300,001 to $350,000 22 13% 2

$350,001 to $400,000 15 9% 5

$400,001 to $450,000 14 8% 6

$450,001 to $500,000 8 5% 7

$500,001 to $550,000 7 4% 8

$550,001 to $600,000 5 3% 10

$600,001 to $650,000 3 1.8% 13

$650,001 to $700,000 2 1.2% 14

$700,001 to $750,000 2 1.2% 14

$750,001 to $800,000 2 1.2% 14

$800,001 to $850,000 2 1.2% 14

$850,001 to $900,000 1 0.6% 18

$900,001 to $950,000 0 0% 19

$950,001 to $1,000,000 0 0% 19

Over $1,000,000 4 2.4% 11

165 100%


2014 Buyer Report


Selling Price Range

Selling Price Range


2014 Buyer Report


Home Type

The top three home types were ‘Single-Family’ (42%), ‘Acreage with House’ (38%), and

‘Single-Family (Waterfront)’ (18%).

Home Type

Home Type







Patio Home 0 0% 5




Duplex 0 0% 5


Farm/Ranch 0 0% 5

Triplex/Fourplex 0 0% 5

165 100%


2014 Buyer Report


Number of Bedrooms

The top three frequencies for number of bedrooms were ‘Two’ (36%), ‘Three’ (33%), and

‘Four’ (14.2%).

Number of Bedrooms

Number of Bedrooms

Number of Bedrooms


1 22 13.6% 4

2 59 36% 1

3 53 33% 2

4 23 14.2% 3

5 4 2% 5

6 1 0.6% 6

162 100%


2014 Buyer Report


Number of Bathrooms

The top three frequencies for number of bathrooms were ‘Two’ (43%), ‘One’ (38%), and

‘Three’ (15%).

Number of Bathrooms

Number of Bathrooms

Number of Bathrooms


1 61 38% 2

2 68 43% 1

3 24 15% 3

4 5 3% 4

5 1 1% 5

159 100%


2014 Buyer Report


Exterior

The top three house exterior types were ‘Wood’ (79%), ‘Vinyl’ (11%) and ‘Hardi Plank’ (3%).

Exterior

Exterior


Wood 127 79% 1

Vinyl 18 11% 2

Hardi Plank 5 3% 3

Other 4 2.5% 4

Stucco 3 1.9% 5

Aluminum 3 1.9% 5

Wood Vinyl 1 1% 7


Stucco Wood 0 0% 8

Stone Vinyl 0 0% 8

Brick & Siding 0 0% 8


Brick Vinyl 0 0% 8

Wood Hardi Plank 0 0% 8

Brick Stucco 0 0% 8

161 100%


2014 Buyer Report


Exterior


2014 Buyer Report


Parking

The top three parking features in the Islands sub-area were ‘Garage-Single’ (36%), ‘Garage-

Double’ (32%), and ‘Carport-Single’ (23%).

Parking

Parking







Other 1 2% 6

53 100%


2014 Buyer Report



The top three site characteristics were ‘Waterfront – Ocean’ (48%), ‘View –Ocean’ (42%),

and ‘Waterfront – Lake’ (6%).










View - Lake 0 0% 6

View - City 0 0% 6

77 100%


2014 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 2014.

Description Mode %


Years Lived in Same Community 3 to 5 75%

Years Away From Community More than 20 years 100%

Buyer Origin Vancouver 26%



(Yes or No)No 83%




PCS33%


Internet-REALTOR® was

the agent on listed

property

22%


Dual Agency –

representing both buyer

and seller

59%





Exterior Wood 79%

Parking Garage-Single 36%

Site Characteristics Waterfront - Ocean 48%

Information Category from Qustionnaire Survey

Home Charactersitics from corresponding MLS® data base


2014 Buyer Report

2012 - 2014 Data Comparisons


2014 Buyer Report

2014 VIREB Buyer Profile 228 Source: Vancouver Island Real Estate Board Data Comparisons

Survey Data Comparisons from 2012 -2014

Questionnaire Survey Data analyzed in the past three Buyer Profiles are summarized in the following table:

Overall, the total questionnaire response rate for the entire Board Area has been very similar for the past

three years, ranging from 21.5% to 25.6%. When comparing among the various areas, we see slight-up-and-

down variations in year-to-year responses (see figure below), which is to be expected since the data records

are much smaller in number for each area compared to the entire Board Area.

For all three years there are a few consistent patterns, namely:

The Parksville/Qualicum sub-area had the highest survey response (three-year average = 29.8%)

All sub-areas saw a decrease in response rate in 2014 except for the North Island and Islands sub-

areas, which had a 4.5% and 3.6% increase respectively.

Parksville/Qualicum response rate has consistently declined over the past three years, declining

1.6% from 2012 to 2013 and 4.4% from 2013 to 2014.

The North Island sub-area had the lowest three-year average response of 6.6%; therefore, survey

results were not analyzed in further detail for any year.

2012 2013 2014Three Year

Average

Questionnaire Mail

Outs5,667 6,155 6,820 6,214

Completed

Questionnaires1,448 1,523 1,465 1,479

Total Responses

(%)25.6 24.7 21.5 23.9


2014 Buyer Report


Time Resident in Community Prior to Purchase 2012 – 2014

In the surveys sent out for the years 2012 and 2013, the question for ‘Time Resident in Community

Prior to Purchase’ was asked as a single question. On the 2014 survey, the question was divided into

two parts, to increase the accuracy of segmenting the participants and results. The first part of the

question was ‘How many years have you lived in the same community’. This isolated those

respondents who were moving to a new residence within the same community. The second part of

the question was ‘How many years have you been away from the community’. This isolated those

respondents who were moving back to a community after having lived elsewhere for a time. Due to

the difference of these questions from previous years, it is not accurate to do a direct comparison;

however, the data has been displayed on the same table for transitional purposes and to view the

evolution of data.

The ‘Time Resident in Community Prior to Purchase’ trends (top three frequencies for each of the

past three years) are shown in the table below. A few obvious trends in the Board Area are:

The most common category (Board Area 46% - 49%) for all 2012 - 2013 and in all sub-areas (except

Port Alberni/West Coast in 2012) was ‘Less than one year’.

From 2012 to 2013, the second most common category (Board Area 17%-19%) was ‘20+ years’.

In 2014, for those who are moving within the same community and asked how long they have lived

in this community, the most common category was ‘More than 20 years’, except in the Islands sub-

area.

2012 2013 2014 2014

Same Community Time Away

< 1 46% < 1 49% More than 20 years 36% 6 to 10 24%

More than 20 years 19% More than 20 years 17% 6 to 10 20% 3 to 5 19%

5 to 10 11% 6 to 10 9% 3 to 5 15% More than 20 years 18%

< 1 40% < 1 36% More than 20 years 39% 1 to 2 and 16 to 20 25%

More than 20 years 29% More than 20 years 29% 3 to 5 20% 6 to 10 and 3 to 5 17%

2 to 5 and 10 to 15 8% 16 to 20 9.3% 6 to 10 19%11 to 15 and More

than 20 years8%


More than 20 years 16% More than 20 years 17% 6 to 10 21% More than 20 years 28%

2 to 5 12% 6 to 10 10% 3 to 5 18% 1 to 2 and 16 to 20 11%

< 1 56% < 1 57% More than 20 years 47%

3 to 5 and 6 to 10

and 11 to 15 and

More than 20 years

21%

More than 20 years 20% More than 20 years 14% 6 to 10 19% 1 to 2 17%

5 to 10 7% 3 to 5, 6 to 10 7% 1 to 2 14% N/A 0%

< 1 35% < 1 36% More than 20 years 37% 3 to 5 and 6 to 10 24%

More than 20 years 22% More than 20 years 21% 6 to 10 20% More than 20 years 19%

5 to 10 14% 6 to 10 11% 3 to 5 17% 16 to 20 14%


More than 20 years 10% 6 to 10 8% 6 to 10 21% 3 to 5 27%

5 to 10 8% More than 20 years 6% 16 to 20 16% 6 to 10 18%

More than 20 years 40% < 1 40% More than 20 years 62% 11 to 15 60%

< 1 20% More than 20 years 30% 6 to 10 15% 6 to 10 20%

5 to 10 16% 1 to 2 13%1 to 2, 3 to 5, and 16

to 208% 16 to 20 20%

< 1 78% < 1 88% 3 to 5 75% More than 20 years 100%

5 to 10, 20+, 15 to 20, 1

to 2, all6% 3 to 5, 11 to 15 6% More than 20 years 25% N/A 0%

N/A N/A N/A 0% N/A 0%

Islands

Port Alberni / West

Coast

Board Area

Campbell River

Comox Valley

Cowichan Valley

Nanaimo

Parksville / Qualicum

North Island


2014 Buyer Report


Buyer Origin 2012 – 2014

The ‘Buyer Origin’ trends (i.e., top three frequencies for each of the past three years) are shown in

the table below. A few obvious trends are:

For the entire Board Area, the top three categories remained the same (Within same area, Elsewhere on Vancouver Island and Alberta), with very similar frequencies over the three-year period and totalled 62% - 65% of all origin categories.

The most common category, ‘Within same area’, remained the same for all three years for all Areas, except the Islands where there is an increasing trend of Vancouver origin (Vancouver at 22% in 2012, Vancouver at 24% in 2013, and Vancouver at 26% in 2014) and Parksville/Qualicum sub-area (Elsewhere on Vancouver Island 18.3% in 2013).

The most variation over the three years occurred in the Port Alberni/West Coast and Islands sub-areas, due to the smaller data sets.

Within Same Area 38% Within Same Area 36% Within Same Area 36%

Elsewhere on Vancouver

Island17%


Island15% Alberta 14.4%

Alberta 10% Alberta 11%Elsewhere on

Vancouver Island14.0%



Island24%


Island13%

Elsewhere on

Vancouver Island13%

Other B.C. 9% Other B.C. 12% Alberta 10%



Island14%


Island11% Alberta 18%

Alberta 11% Alberta 11%Elsewhere on

Vancouver Island10%



Island20%


Island18%

Elsewhere on

Vancouver Island17%

Other B.C. 10% Alberta 10% Alberta 14%



Island15%


Island14%

Elsewhere on

Vancouver Island13%

Alberta 8% Other B.C. 9% Alberta 10%

Within Same Area 24%Elsewhere on Vancouver

Island18.3% Within Same Area 24%


Island17% Within Same Area 17.9% Alberta 22%

Alberta 14% Alberta 16.6%Elsewhere on

Vancouver Island15%



Island16%


Island21%

Elsewhere on

Vancouver Island23%

Other B.C. 11% Vancouver 10% Other B.C. and Alberta 13%

Vancouver 22% Vancouver 24% Vancouver 26%


Island22% Within Same Area 11.8% Within Same Area 15%

Within Same Area 17%Elsewhere on Vancouver

Island11.8%

Elsewhere on

Vancouver Island15%

2014

Islands

2012 2013

Board Area

Campbell River

Comox Valley

Cowichan Valley

Nanaimo


Port Alberni / West

Coast

North Island


2014 Buyer Report



The ‘Major Reason for Purchase’ trends (top three frequencies for each of the past three years) are shown in the table below. A few obvious trends are:

The most common category in the Board Area for all three years, and in all areas, was ‘Principal Residence’ ranging from 94% - 96%.

The second most common category (2%) for all three years was ‘Investment/Rental’ for the Board Area.

The third most common category (1%-2%) was ‘Recreation/Vacation’ / ‘Other’ for the Board Area.

The most common category for all areas for all three years was ‘Principal Residence’. For specific areas, the second and third categories varied from the overall Board Area, over all three years, with no obvious trends apparent.

For the 2014 Survey ‘Student Housing’ was a new option.

Principal Residence 96% Principal Residence 96% Principal Residence 94%

Investment/Rental 2% Investment/Rental 2% Investment/Rental 1.84%

Other 1% Recreation/Vacation 1% Recreation/Vacation 1.77%


Investment/Rental, Other,

Recreation / Vacation, all1% Investment/Rental 4% Other 2%

N/A Other 1% Investment/Rental 1%


Other 2% Investment/Rental 3% Recreation/Vacation 2.3%

Investment/Rental 1% Recreation/Vacation 1% Investment/Rental 1.5%


Investment/Rental 4% Other 1% Other 3%

Other 0% Recreation/Vacation 0% Recreation/Vacation 1.9%


Investment/Rental 4% Investment/Rental 2% Investment/Rental 2%

Recreation/Vacation 1% Recreation/Vacation 0% Student Housing 1%


Other, Recreation /

Vacation2% Recreation/Vacation 4% Recreation/Vacation 2.1%

Investment/Rental 1% Investment/Rental 1% Investment/Rental 1.7%


Investment/Rental 5% Investment/Rental 6% Investment/Rental 8%

N/A Recreation/Vacation 2% Recreation/Vacation 5%


Recreation/Vacation 6% Investment/Rental 22% Recreation/Vacation 7%

N/A Recreation/Vacation 6% Investment/Rental 4%

2014

Islands

2012 2013

Board Area

Campbell River

Comox Valley

Cowichan Valley

Nanaimo


Port Alberni / West Coast

North Island


2014 Buyer Report


First-Time Purchase of Principal Residence 2012 – 2014

The ‘First-Time Purchase of Principal Residence’ trends (Yes or No frequencies for each of the past

three years) are shown in the table below. A few obvious trends are:

The most common category (frequencies from 75% to 94%) for all three years and in all sub-

areas was ‘No’.

These trends were relatively unchanged for all areas over the past three years, with minimal

variation, except for the Islands sub-area which had the largest change, ranging from 78% to

93%, likely due to the smaller data sets.

The Parksville/Qualicum sub-area had the highest three-year average of the ‘No’ frequency,

averaging 93%.

The Campbell River, Nanaimo, and Port Alberni/West Coast sub-areas had the highest three-year

average ‘Yes’ frequency, averaging 22%, 20%, and 18% respectively.

2012 2013 2014Three-Year

Average

No 84% No 84% No 85% 84%

Yes 16% Yes 16% Yes 15% 16%

No 81% No 78% No 76% 78%

Yes 19% Yes 22% Yes 24% 22%

No 85% No 85% No 89% 86%

Yes 15% Yes 15% Yes 11% 14%

No 85% No 85% No 87% 86%

Yes 15% Yes 15% Yes 13% 14%

No 78% No 81% No 80% 80%

Yes 22% Yes 19% Yes 20% 20%

No 93% No 91% No 94% 93%

Yes 7% Yes 9% Yes 6% 7%

No 81% No 75% No 89% 82%

Yes 19% Yes 25% Yes 11% 18%

No 93% No 78% No 83% 85%

Yes 7% Yes 22% Yes 17% 15%Islands


Board Area

Campbell River

Comox Valley

Cowichan Valley

Nanaimo


North Island


2014 Buyer Report


Used RRSP for Down payment 2012 - 2014

The 2014 survey incorporated skip logic into the survey, ensuring only first-time buyers answered this question. This results in increased accuracy of responses and those answering ‘Yes’ increased between 20% to 40%, as there were fewer responses and they were limited to only first-time buyers.

The ‘Used RRSP for Down payment’ trends (Yes or No frequencies for each of the past three years)

are shown in the table below. A few obvious trends are:

The most common category was ‘No’ for all three years and in all sub-areas, with three-year average frequencies from 74% to 82%.

The category ‘No’ ranged from 50% to 100% over all three years in all sub-areas.

The Comox Valley sub-area had the highest average ‘Yes’ frequency, with a three-year average of 26%.

Three-Year

Average

No 88% No 89% No 58% 78%

Yes 12% Yes 11% Yes 42% 22%

No 90% No 89% No 62% 80%

Yes 10% Yes 11% Yes 38% 20%

No 83% No 88% No 52% 74%

Yes 17% Yes 12% Yes 48% 26%

No 90% No 89% No 66% 82%

Yes 10% Yes 11% Yes 34% 18%

No 86% No 90% No 57% 78%

Yes 14% Yes 10% Yes 43% 22%

No 93% No 89% No 50% 77%

Yes 7% Yes 11% Yes 50% 23%

No 91% No 92% No 60% 81%

Yes 9% Yes 8% Yes 40% 19%

No 100% No 89% No 50% 80%

Yes 0% Yes 11% Yes 50% 20%

2012 2013 2014

Islands

Parksville /

Qualicum

Port Alberni / West

Coast

Board Area

Campbell River

Comox Valley

Cowichan Valley

Nanaimo

North Island


2014 Buyer Report


Purchased as Retirement Home 2012 -2014

In 2014 skip logic was incorporated into the survey and, therefore, the question regarding retirement residence only included those who have indicated they purchased their home as a ‘Principal Residence’, ‘Housing for self or family member attending a learning institution’, and ‘Other’. Those who purchased a home for ‘Recreation / Vacation’ and ‘Investment / Rental’ purposes did not answer this question. This provides more accurate and specific segments and results in a higher trend of ‘Yes’.

The ‘Purchased as Retirement Home’ trends (i.e., Yes or No frequencies for each of the past three

years) are shown in the table below. A few obvious trends are:

The category ‘No’, for the Board Area has decreased in frequency since 2012 from 52% to 40% in 2014, a 12% dip.

The Nanaimo and Islands sub-areas are decreasing in the ‘No’ frequency from 63% to 48% and 59% to 15%.

In contrast to all other areas, the Cowichan Valley and Parksville/Qualicum sub-areas had more homes ‘Purchased for Retirement’ on average, with a three-year average of 56% and 68% respectively.

2012 2013 2014Three-Year

Average

No 52% Yes 51% Yes 60% No 47%

Yes 48% No 49% No 40% Yes 53%

No 51% No 56% No 56% No 54%

Yes 49% Yes 44% Yes 44% Yes 46%

No 55% No 51% Yes 55% No 50%

Yes 45% Yes 49% No 45% Yes 50%

Yes 51% Yes 50.4% Yes 66% Yes 56%

No 49% No 49.6% No 34% No 44%

No 63% No 53% Yes 52% No 55%

Yes 37% Yes 47% No 48% Yes 45%

Yes 67% Yes 63% Yes 74% Yes 68%

No 33% No 37% No 26% No 32%

No 56% No 60% Yes 69% No 49%

Yes 44% Yes 40% No 31% Yes 51%

No 59% No 56% Yes 85% No 43%

Yes 41% Yes 44% No 15% Yes 57%Islands

Board Area

Campbell River

Comox Valley

Cowichan Valley

Nanaimo



North Island


2014 Buyer Report


How Buyers First Became Aware of Property 2012 – 2014

In the 2014 survey there was a rewording of options. ‘Introduced by a REALTOR®’ was removed and ‘My REALTOR® supplied PCS (private client services)’ was added.

The ‘How Buyers First Became Aware of Property’ trends for the past three years are shown in the table below. A few obvious trends are:

The most common category ‘Introduced by a REALTOR®’ / ‘My REALTOR® supplied PCS (private

client services)’ for the entire Board Area was fairly constant, ranging from 32% to 35%

between 2012 and 2014.

The second most common category ‘Internet- REALTOR.ca site’ for the entire Board Area also

was fairly constant, ranging from 27% to 28% from 2012 to 2014.

Finally, the third most common category ‘For Sale Sign’ for the entire Board Area was constant

from 2012 to 2014 at 11%.

In 2012, five of the seven analyzed sub-areas had the most common category as ‘Introduced by

a REALTOR®’.

In 2013, six of the seven sub-areas shared their most common category as ‘Introduced by a

REALTOR®’.

In 2014, all sub-areas except Port Alberni / West Coast had ‘My REALTOR® supplied PCS

(private client services)’ as the most common category.


2014 Buyer Report


2012 2013 2014

Introduced by a

REALTOR®32%

Introduced by a

REALTOR®34%

My REALTOR® supplied

PCS35%

Internet– REALTOR.ca

site28%


site28%


site27%

For Sale sign 11% For Sale sign 11% For Sale sign 11%

Introduced by a

REALTOR®36%

Introduced by a

REALTOR®40%


PCS32%


site30%


site23%


site32%


Introduced by a

REALTOR®38%

Introduced by a

REALTOR®36%


PCS30.4%


site23%


site25%


site29.6%



site32%


site34%


PCS33%

Introduced by a

REALTOR®26%

Introduced by a

REALTOR®28%


site27%

MLS ® Catalogue 11% For Sale sign 11% For Sale sign 11%

Introduced by a

REALTOR®35%

Introduced by a

REALTOR®33%


PCS40%


site27%


site28%


site25%



site33%

Introduced by a

REALTOR®39%


PCS37%

Introduced by a

REALTOR®27%


site29%


site24%


Introduced by a

REALTOR®41%


site32%

Contacted a Real Estate

office30%

For Sale sign 21%Introduced by a

REALTOR®24%


PCS23%


site18% For Sale sign 13%


site20%


site33%

Introduced by a

REALTOR®40%


PCS33%

Internet - other than

REALTOR.ca site22%


site23%


site19%

Introduced by a

REALTOR®17% For Sale sign 10% For Sale sign 15%

Board Area

N/A

Cowichan

Valley

Parksville /

Qualicum

Port Alberni /

West Coast

Islands

North Island

Nanaimo

Comox Valley

Campbell River


2014 Buyer Report


How Buyers First Chose a REALTOR® 2012 - 2014

The ‘How Buyers First Chose a REALTOR®’ trends for the past three years are shown in the table

below. A few obvious trends are:

The options were updated in the 2014 survey, with options added and some worded differently to

provide more accurate representation of the respondent groups. This can result in changes in the

distributions.

The most common category ‘Recommended by family or friend’ for the entire Board Area

remained fairly constant at 24% to 25% from 2012 – 2013. In 2014, the most common category

was ‘Previously dealt with this REALTOR®’ at 16%.

The second most common category for the entire Board Area, ‘Previously purchased/sold

property through this REALTOR®’, remained constant at 14% to 15% from 2012 – 2013.

However, in 2014 the most common category was ‘REALTOR® was recommended by co-

worker, associate, or friend’ at 15%.

The third most common category for the entire Board Area, ‘Friend or Relative of the

REALTOR®’, also remained constant at 10% to 12% from 2012 – 2013. In 2014, the third most

common category was ‘REALTOR® was recommended by my family or a relative’ at 12%.

2012 2013 2014

Recommended by family

or friend 24%


or friend 25%


REALTOR®16%

Previously

purchased/sold property

through this REALTOR®

15%

Previously



14%

REALTOR® was

recommended by co-

worker, associate or

friend

15%

Friend or relative of the

REALTOR® 12%


REALTOR® 10%

REALTOR® was

recommended by my

family or a relative

12%


or friend 25%


or friend 27%

REALTOR® was

recommended by co-


friend

18%

Previously


through this REALTOR®.

16%Found REALTOR® on the

Internet 14%


REALTOR®16%


REALTOR® 14%

Called on a sign, Made an

inquiry at a real estate

office, REALTOR® is a

customer or client of

yours

8.5%

REALTOR® was

recommended by my


15%


or friend 28%


or friend 29%

REALTOR® was

recommended by co-


friend

18%

Previously




Internet 15%


REALTOR®16%


REALTOR® 11% Called on a sign 10%

REALTOR® was

recommended by my


12%

Board Area

Comox Valley

Campbell River


2014 Buyer Report


2012 2013 2014


or friend 24%


or friend 24%


REALTOR®15.1%

Previously




Internet 13%

REALTOR® was

recommended by my


14.7%


REALTOR® 12%

REALTOR® is a customer

or client of yours 11%

REALTOR® was

recommended by co-


friend

14%


or friend 22%


or friend 23%


REALTOR®17%

Previously




Internet 16%

REALTOR® was

recommended by co-


friend

15%


REALTOR® 14% Called on a sign 13%

REALTOR® was

recommended by my


12.5%


or friend 24%


or friend 27%

REALTOR® was

recommended by co-


friend / Previously dealt

with this REALTOR®

15%

Previously




Internet 12%

REALTOR® was

recommended/referred

by another REALTOR®

11%


REALTOR® 10%

Recommended by co-

worker or associate11%


the agent on listed

property

10.4%

Previously



21%Recommended by family

or friend 21.5%


REALTOR®25%


REALTOR® 19%

Found REALTOR® on the

Internet 21.5%

Attended at a Real Estate

office15%


or friend 18%

Recommended/referred

by another REALTOR® 14%

REALTOR® was

recommended by my

family or a relative and

REALTOR® agent was

listed on property

13%

Recommended/referred

by another REALTOR® 21%

REALTOR® is a customer

or client of yours 28%


the agent on listed

property

22%

Previously



21%Recommended by family

or friend 22%


REALTOR®19%

Made an inquiry at a real

estate office21%

Made an inquiry at a real

estate office22%

REALTOR® was

recommended by my

family or a relative /

Other: Please specify

15%

Islands

Cowichan Valley

Nanaimo

Parksville /

Qualicum

Port Alberni /

West Coast

North Island


2014 Buyer Report


Form of Agency Provided by REALTOR® 2012 - 2014

The trends for ‘Form of Agency Provided by REALTOR®’ for the past three years are shown in the

table below. A few obvious trends are:

The most common category for the entire Board Area was ‘Single Agency - representing only buyer’, and ranged from 70% to 72%.

The second most common category for the entire Board Area was, ‘Dual Agency - representing both buyer and seller’, decreasing from 28% to 20%, from 2012 - 2014.

The third category (Don’t Know) for the Board Area ranged from 1% to 8%.

Board Area


only buyer 71%


only buyer 70%


only buyer 72%

Dual Agency – representing

both buyer and seller 28%



Dual Agency – representing both

buyer and seller 20%

Don't know 1% Don't know 6% Don't know 8%


only buyer 64%


only buyer 68%


only buyer 75%









only buyer 73%


only buyer 72%


only buyer 73%







Don't know 0.4% Don't know 5% Don't know 8%


only buyer 73%


only buyer 73%


only buyer 72%









only buyer 73%


only buyer 72%


only buyer 76%









only buyer 73%


only buyer 71%


only buyer 71%









only buyer 57%


only buyer 49%


only buyer 50%







Don't know - Don't know 10% Don't know 15%


only buyer 56%


only buyer 50%








only buyer 41%


2012 2013 2014

Board Area

Campbell River

Comox Valley

Cowichan Valley

Nanaimo

North Island

Islands

Port Alberni / West

Coast



2014 Buyer Report


Survey Data Comparisons

Survey Data 2012 – 2014

The three-year comparisons that follow are based on survey data for individual areas. The yearly totals

and three-year averages from each area are listed in the table and figure below.

From 2012 to 2014, there was an increase in Board totals (increased by 20% for the data totals); with

increases in all Board sub-areas, except Port Alberni / West Coast sub-area (-0.3%) ranging from 3% to

33%.

2012 2013 2014Three Year

Average

Change (%)

from 2012 to

2014

Campbell River 569 619 699 629 23%

Comox Valley 1132 1196 1253 1194 11%

Cowichan Valley 960 964 1245 1056 30%

Nanaimo 1585 1778 1907 1757 20%

Parksville / Qualicum 846 986 1097 976 30%

Port Alberni / West Coast 331 360 330 340 -0.3%

North Island 121 113 125 120 3%

Islands 123 139 164 142 33%

Board Area 5667 6155 6820 6214 20%

Number of Surveys Mailed Out


2014 Buyer Report


Response Data 2012 – 2014

The three-year comparisons that follow are based on survey data for individual areas. The yearly

totals and three-year averages from each area are listed in the table and figure below.

From 2012 to 2014, there was a decrease in Board totals (increased by 1% for the data totals); with

decreases in five sub-areas, ranging from -3% to -31%, and increases in three sub-areas ranging from

0% to 50%.

2012 2013 2014Three Year

Average

Change (%)

from 2012 to

2014

Campbell River 129 142 158 143 22%

Comox Valley 289 313 260 287 -10%

Cowichan Valley 248 234 270 251 9%

Nanaimo 423 446 412 427 -3%

Parksville / Qualicum 273 303 288 288 5%

Port Alberni / West Coast 58 63 40 54 -31%

North Island 10 4 10 8 0%

Islands 18 18 27 21 50%

Board Area 1448 1523 1465 1479 1%

Number of Responses


2014 Buyer Report


Board Area Selling Price Range 2012 - 2014

To best illustrate three-year selling price trends, two frequency graphs are presented on the next

two pages for the Board Area. They are:

Frequency (Total numbers of Sales); and

Frequency (Percent of Sales);

The information is presented in price categories (in $50,000 increments) from $0 up to greater than

$1,000,000. Analyses of trends within areas can be found in the next section (Selling Price Range

2012-2014). The top trends for the Board Area from these comparative figures from 2010 to 2014

are as follows:

In 2012 the selling price with the highest frequency (i.e., 903 homes or 16%) remained at

$250,001 - $300,000.

In 2013 the selling price with the highest frequency (i.e., 1038 homes or 17%) remained at

$250,001 - $300,000.

In 2014 the selling price with the highest frequency (i.e., 1018 homes or 14.9%) remained at

$300,001-$350,000.


2014 Buyer Report



2014 Buyer Report


Selling Price Range 2012 - 2014

The trends within areas are shown in the table below with comparisons of the three highest selling price categories from 2012 - 2014.

The three top selling price categories for the Board Area increased from $250,001-$300,000 (at 16.4% and 16.9%) in 2012 and 2013 and is now up to $300,001-$350,000 (15%) in 2014. The selling price range of $250,001 to $300,000 has decreased from 2012 to 2014 by 2%.

From 2012 - 2014, the areas with the highest selling price ranges were: Cowichan Valley, Nanaimo, and Parksville/Qualicum, with $350,001-$400,000 categories represented.

The North Island sub-area exhibited the lowest price categories and frequencies, with $50,001-$100,000 categories represented (16%-20%) from 2012 – 2014 and the $0 to $50,000 at 17% in 2013.

2012 2013 2014

$250,001 to $300,000 16.4% $250,001 to $300,000 16.9% $300,001 to $350,000 15%

$300,001 to $350,000 15.2% $300,001 to $350,000 15.5% $250,001 to $300,000 14.37%

$200,001 to $250,000 13.8% $200,001 to $250,000 14.0% $200,001 to $250,000 13.89%

$200,001 to $250,000 27% $200,001 to $250,000 24% $200,001 to $250,000 21%

$250,001 to $300,000 20% $250,001 to $300,000 22% $250,001 to $300,000 21%

$300,001 to $350,000 14% $300,001 to $350,000 16% $300,001 to $350,000 19%

$200,001 to $250,000 19.0% $300,001 to $350,000 19% $250,001 to $300,000 16.52%

$250,001 to $300,000 16.3% $250,001 to $300,000 17% $300,001 to $350,000 16.44%

$300,001 to $350,000 16.1% $200,001 to $250,000 14% $200,001 to $250,000 15%

$300,001 to $350,000 16.9% $250,001 to $300,000 18% $250,001 to $300,000 15%

$250,001 to $300,000 16.7% $300,001 to $350,000 16% $350,001 to $400,000 14%

$350,001 to $400,000 12.6% $200,001 to $250,000 13% $300,001 to $350,000 13.31%

$250,001 to $300,000 17% $250,001 to $300,000 18% $300,001 to $350,000 14.32%

$300,001 to $350,000 17% $300,001 to $350,000 15% $350,001 to $400,000 14.17%

$350,001 to $400,000 14% $350,001 to $400,000 14% $250,001 to $300,000 13.8%

$300,001 to $350,000 19% $300,001 to $350,000 17% $300,001 to $350,000 18%

$250,001 to $300,000 14% $250,001 to $300,000 15.2% $350,001 to $400,000 15%

$350,001 to $400,000 13% $350,001 to $400,000 15.1% $250,001 to $300,000 11%

$150,001 to $200,000 24% $150,001 to $200,000 20% $200,001 to $250,000 22%

$200,001 to $250,000 21% $100,001 to $150,000 18% $100,001 to $150,000 20%

$100,001 to $150,000 17% $200,001 to $250,000 17% $150,001 to $200,000 19%

$100,001 to $150,000 25% $100,001 to $150,000 21% $150,001 to $200,000 22%

$150,001 to $200,000 17% $50,001 to $100,000 20% $50,001 to $100,000 19%

$50,001 to $100,000 16% $0 to $50,000 17% $100,001 to $150,000 15%

$250,001 to $300,000 18% $200,001 to $250,000 19% $200,001 to $250,000 17%

$150,001 to $200,00016%

$250,001 to $300,00017%

$150,001 to $200,000

$300,001 to $350,00013%

$300,001 to $350,000 15% $300,001 to $350,000 14% $250,001 to $300,000 10%

North Island

Islands

Parksville /

Qualicum

Port Alberni /

West Coast

Board Area

Campbell River

Comox Valley

Cowichan Valley

Nanaimo


2014 Buyer Report


Home Type 2012 - 2014

The ‘Home Type’ trends for the past three years are shown in the table below. A few obvious trends

are:

The most common category was ‘Single-Family’ for the entire Board Area and remained

constant, at 60% to 61% for the Board Area, and 42% to 73% among sub-areas, from 2012 -

2014.

The second most common category was ‘Condominium (Apt)’, with frequencies from 7% to

8% for the entire Board Area for 2012 - 2014.

The third most common category was ‘Condominium (Twnhse)’, with frequencies from 6% to

7% for the entire Board Area for 2012 - 2014.

Single-Family 60% Single-Family 60% Single Family 61%

Condominium (Apt) 8% Condominium (Apt) 7% Condominium (Apt) 8%

Condominium (Twnhse) 7% Condominium (Twnhse) 6% Condominium (Twnhse) 6.09%


Condominium (Apt) 8% Condominium (Apt) 9% Condominium (Apt) 7%

Patio Home 6% Patio Home 5% Patio Home 5%


Condominium (Twnhse) 11% Condominium (Apt) 9% Condominium (Apt) 9%

Condominium (Apt) 7% Condominium (Twnhse) 7% Condominium (Twnhse) 6.38%


Acreage With House 10% Acreage With House 10% Acreage With House 8.9%

Single-Family (Strata) 8% Single-Family (Strata) 8% Single Family (Strata) 8.5%


Condominium (Apt) 12% Condominium (Twnhse) 10% Condominium (Apt) 11%

Condominium (Twnhse) 8% Condominium (Apt) 9% Condominium (Twnhse) 9%


Patio Home 10% Patio Home 9% Patio Home 10%

Acreage With House 8% Acreage With House 8% Acreage With House 7%



Single-Family (Waterfront) 5% Single-Family (Waterfront) 6% Condominium (Apt) 4%


Condominium (Twnhse) 11% Condominium (Apt) 9% Condominium (Apt) 9%

Manufactured / Mobile on

Pad7%

Single-Family (Strata)8%

Single Family (Waterfront)6%



Single-Family (Waterfront) 15% Single-Family (Waterfront) 15% Single Family (Waterfront) 18%

2013 2014

Islands

Cowichan Valley

Port Alberni /

West Coast

Parksville /

Qualicum

2012

Campbell River

Board Area

Comox Valley

Nanaimo

North Island


2014 Buyer Report


Number of Bedrooms 2012 - 2014

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 entire Board Area - three, two, and four bedrooms

respectively - remained consistent, at frequencies of 44% to 43%, 26% to 27%, and 17% to 18%

respectively, from 2012 - 2014.

The decreasing frequency order of three, two, and four bedrooms remained unchanged for the

Comox Valley, Cowichan Valley, Nanaimo, and Parksville/Qualicum sub-areas from 2012 - 2014.

The Port Alberni/West Coast and Campbell River sub-areas order changed from 2012 (at

decreasing order of three, four, and two) to 2012 (at decreasing order of three, two, and four)

and has remained constant in 2013 and 2014, reverting back to a decreasing order of three,

four, and two.

The Islands and North Island areas varied more due to the small data sets.

2012 2013 2014

3 44% 3 43% 3 44%

2 27% 2 27% 2 26%

4 17% 4 18% 4 18%

3 51% 3 52% 3 54%

2 23% 2 21% 4 19%

4 18% 4 19% 2 17%

3 50% 3 48% 3 48%

2 25% 2 26% 2 27%

4 16% 4 17% 4 17%

3 45% 3 42% 3 45%

2 27% 2 28% 2 25%

4 19% 4 20% 4 20%

3 35% 3 36% 3 35%

2 27% 2 26% 2 26%

4 19% 4 20% 4 18%

3 47% 3 48% 3 47%

2 35% 2 35% 2 33%

4 10% 4 11% 4 12%

3 37% 3 40% 3 44%

2 26% 2 24% 4 24%

4 24% 4 23% 2 21%

3 57% 3 46% 3 48%

4 20% 4 28% 4 26%

2 15% 2 19% 2 17%

2 47% 2 40% 2 36%

3 29% 3 31% 3 33%

1 13% 1 15% 4 14%

North Island

Islands

Port Alberni / West

Coast


Board Area

Campbell River

Comox Valley

Cowichan Valley

Nanaimo


2014 Buyer Report


Number of Bathrooms 2012 - 2014

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 entire Board Area, as well as all individual sub-areas, were

two bathrooms, from 2012 - 2014.

Also, the frequency ordering of two, three, and one bathroom remained constant from 2012 –

2014 for the entire Board Area, along with Campbell River, Comox Valley, Cowichan Valley,

Nanaimo, and Parksville/Qualicum sub-areas.

The Port Alberni/West Coast, North Island, and Islands sub-areas had a decreasing frequency

order of two, one, and three bathrooms which remained constant, with the one exception of

the North Island sub-area in 2014 where the decreasing order is two, three, one.

2012 2013 2014

2 47% 2 48% 2 46%

3 30% 3 29% 3 30%

1 18% 1 17% 1 17%

2 51% 2 54% 2 50%

3 29% 3 27% 3 31%

1 16% 1 16% 1 15%

2 47% 2 48% 2 49%

3 34% 3 30% 3 32%

1 16% 1 18% 1 15%

2 44% 2 44% 2 42%

3 32% 3 31% 3 32%

1 17% 1 18% 1 18%

2 43% 2 43% 2 40%

3 34% 3 35% 3 35%

1 17% 1 14% 1 16%

2 56% 2 59% 2 57%

3 25% 3 23% 3 25%

1 13% 1 13% 1 12%

2 45% 2 46% 2 44%

1 32% 1 32% 1 37%

3 19% 3 19% 3 16%

2 49% 2 51% 2 51%

1 26% 1 24% 3 24%

3 23% 3 23% 1 22%

2 46% 2 44% 2 43%

1 38% 1 34% 1 38%

3 16% 3 17% 3 15%

Port Alberni / West

Coast

North Island

Islands

Board Area

Campbell River

Comox Valley

Cowichan Valley

Nanaimo



2014 Buyer Report


Exterior 2012 - 2014

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` ranging from 32% - 34% between

2012 and 2014.

The second most common category for the Board Area was `Wood’ ranging from 21%-22%

between 2012 and 2014.

`Vinyl` was the most common 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,

North Island, and Islands sub-areas from 2012 to 2014.

2012 2013 2014

Vinyl 32% Vinyl 34% Vinyl 33%

Wood 22% Wood 22% Wood 21%

Hardi Plank 12% Hardi Plank 13% Hardi Plank 16%


Wood 17% Hardi Plank 19% Hardi Plank 18.3%

Hardi Plank 15% Wood 17% Wood 18.2%



Hardi Plank 13% Hardi Plank 8% Hardi Plank 17%


Wood 19% Stucco 20% Hardi Plank 22%

Hardi Plank 17% Wood 19% Stucco 18%



Stucco 14% Stucco 14% Stucco 12%



Stucco 17% Hardi Plank 16% Hardi Plank 20%


Vinyl 24% Vinyl 22% Stucco 23%

Stucco 18% Stucco 20% Vinyl 22%



Aluminum 13% Stucco 8% Aluminum 7%


Vinyl 8% Vinyl 7.5% Vinyl 11%

Hardi Plank 4%Hardi Plank /

Stucco4.5% Hardi Plank 3%

Board Area

Cowichan Valley

Port Alberni /

West Coast

North Island

Islands

Nanaimo

Parksville /

Qualicum

Campbell River

Comox Valley


2014 Buyer Report


Parking 2012 - 2014

The Parking availability 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 2012 to 2014, was `Garage-Double` ranging

from 49% to 51%.

`Garage-Double` was also consistently the most common category for the Campbell River, Comox

Valley, Cowichan Valley, Nanaimo, and Parksville/Qualicum sub-areas from 2012 to 2014.

For the Port Alberni/West Coast, North Island, and Islands sub-areas, parking categories varied,

due to smaller data sets; however, `Garage-Single` was the dominant category.

Garage-Double 49% Garage-Double 50% Garage-Double 51%

Carport-Single 25% Carport-Single 23% Carport-Single 24%

Garage-Single 17% Garage-Single 17% Garage-Single 16%

















Carport-Single 27.2% Garage-Double 32% Carport-Single 31%

Garage-Double 26.7% Carport-Single 23% Garage-Double 24%

Garage-Single 39% Garage-Single 42% Carport-Single 36%

Carport-Single 27% Carport-Single 27% Garage-Single 30%


Garage-Single 43% Garage-Double 35% Garage-Single 36%

Garage-Double 33% Garage-Single 26% Garage-Double 32%


2012 2013 2014

North Island

Islands

Port Alberni /

West Coast

Parksville /

Qualicum

Board Area

Campbell River

Comox Valley

Cowichan Valley

Nanaimo


2014 Buyer Report


Site Characteristics 2012 - 2014

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’

(40.1% - 45%), ‘View-Ocean’ (38%-40.4%), and ‘Waterfront-Ocean’ (9%-11%), from 2012 - 2014.

Within the sub-areas the trends remained fairly consistent from 2012 to 2014, with only slight

changes in order and percentage in certain areas (most noticeably the third highest category).

View - Mountain 43% View - Mountain 40.5% View - Ocean 40.4%

View - Ocean 38% View - Ocean 39.9% View - Mountain 40.1%

Waterfront - Ocean 9% Waterfront - Ocean 10% Waterfront - Ocean 11%

View - Ocean 57% View - Ocean 70% View - Ocean 60%

View - Mountain 29% View - Mountain 23% View - Mountain 23%







View - Lake 12% Waterfront - Ocean 11% View - Lake 10%













View - Ocean 53% View - Ocean 46% Waterfront - Ocean 48%

Waterfront - Ocean 45% Waterfront - Ocean 43% View - Ocean 42%

View - Lake 2% View - Mountain 7% Waterfront - Lake 6%

2013 2014

Islands

Cowichan Valley

Port Alberni /

West Coast

Parksville /

Qualicum

2012

Campbell River

Board Area

Comox Valley

Nanaimo

North Island


2014 Buyer Report

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