Canindia News

Canadians are worried about the housing market

Something as basic as a roof over your head has emerged as one problem that is keep millions of Canadians up at night, quite possibly under a rental roof or in their parents’ basements.

A survey from brokerage Century 21 revealed that 68.3 per cent of agents reported their clients are “somewhat” or “very concerned” about current market conditions while just 15.6 per cent described their clients as “optimistic” or “excited.”

Interestingly, despite the dead-slow pace of sales in Vancouver’s housing market, British Columbians’ attitude towards the housing market is almost exactly the same as the national average.

Pessimism reigns in the Prairies which included Calgary and Edmonton, where fully 77 per cent are somewhat or very concerned, and only 11.8 per cent are optimistic or excited. But the optimism winners are in Atlantic Canada, the only region surveyed where fewer than half of people are concerned about the market, and more than 38 per cent are optimistic or excited.

But overall the poll implies that it’s increasingly a buyer’s market out there ?— or so the people in it seem to believe. Among buyers, 46.7 per cent report feeling “excitement,” while 28.8 per cent are “nervous” about prices or taxes.

Among sellers, there’s far less excitement ?— only 18 per cent say they’re excited ?— while 38.7 per cent are feeling nervous. -CINEWS

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