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Make-up of Prospective Condo Buyers - Stats


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#1 rambaldi

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Posted 23 April 2014 - 05:03 AM

Hi,

 

Has the VREB collected any recent stats on the make-up of prospective condo buyers in the City of Victoria real estate market?

 

I'd be curious to see the stats on the percentage of 

- income-seeking investors

- out of towners looking for a pied-a-terre

- first-time buyers

- people moving into town for a job / retirement

- how many need mortgages 

- etc.

 

 

Thanks



#2 MarkoJ

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Posted 23 April 2014 - 07:17 PM

Hi,

 

Has the VREB collected any recent stats on the make-up of prospective condo buyers in the City of Victoria real estate market?

 

I'd be curious to see the stats on the percentage of 

- income-seeking investors

- out of towners looking for a pied-a-terre

- first-time buyers

- people moving into town for a job / retirement

- how many need mortgages 

- etc.

 

 

Thanks

 

Unfortunately the VREB has nothing specific for condos in terms of the stats you are looking for.


Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2023 | Fair Realty

www.MarkoJuras.com Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#3 rambaldi

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Posted 23 April 2014 - 08:26 PM

That's too bad. Thanks Marko



#4 VicHockeyFan

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Posted 14 June 2014 - 11:00 AM

http://www.theglobea...rticle19157039/

 

 

Tony Zarsadias is a former professional road cyclist turned condo marketer who settled in Victoria 15 years ago to raise a family. He works with the Condo Group, marketing the new 133-unit, five-storey Anthem Properties project, the Union. The downtown condo market is doing brisk business again, after it stalled for the past few years, following the downturn of 2008 and early 2009. The Union is a downtown heritage conversion that is already more than half sold, with prices ranging from $219,900 for a 490-square-foot junior one bedroom to $558,900 for a 1,300-square-foot two-bedroom loft.

Mr. Zarsadias says he can divide the buyers into four groups. There are the first-time buyers, the downsizers, the people looking for a secondary residence, and the investors.

“There is quite a bit of money flowing from the mainland, and Alberta and Saskatchewan as well,” says Mr. Zarsadias. “Albertans have done well and they have money. They see the value here. Our market is relatively affordable compared to the big centres. And we’ve had one of the best years for weather that I’ve seen in the last 15 years.”

 


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#5 Mike K.

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Posted 14 June 2014 - 11:45 AM

“There is quite a bit of money flowing from the mainland, and Alberta and Saskatchewan as well,” says Mr. Zarsadias. “Albertans have done well and they have money. They see the value here. Our market is relatively affordable compared to the big centres. And we’ve had one of the best years for weather that I’ve seen in the last 15 years.”

 

 

Mr. Zarsadias must be the luckiest condo marketer out there. Every other developer acknowledges that interest from Alberta and the mainland is a fraction of where it was prior to the downturn. Developers are lucky to attract 20% of buyers from out-of-town whereas before it was in the 30-50% range like nobody's business.


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