By Ian Holmes

Investment Residential Purchases Non-Factor Last Year

Jun 27, 2016 | 4:33 PM

A few interesting stats from the Vancouver Island Real Estate Board’s recent buyer profile.

The survey of nearly 1,700 buyers on the island north of the Malahat last year shows that only 2.1 percent of those purchases were investment properties.

94 percent of respondents reported being owner-occupiers.

86 percent of the the survey respondents bought their home in the Vancouver Island real estate board region for under $500,000.

President-Elect Janice Stromar notes that Campbell River had a high percentage of first-time buyers.

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“33 percent in Campbell River is a little bit higher than what we normally see, we normally see about 20 percent, the rest of the numbers pretty much jive with what we normally see in the past,” Stromar said.

Not surprisingly, Parksville-Qualicum had the lowest amount of first-time buyers at 6 percent.

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