A recent poll conducted by Ipsos Reid on behalf of the Ontario Real Estate Association has found that the majority of Ontario Residents are hopeful about both the real estate market and the economy in 2014.
“The research comes on the heels of an optimistic forecast by the Canadian Real Estate Association,” said the vice president of Ipsos Public Affairs. “Consumers seem to be echoing a similar sentiment for the 2014 real estate market. Prospective buyers and sellers in particular are also more likely to believe the overall economy is strong, which may be why they’re considering buying or selling their home in the next two years.”
Some highlights from the research:
– Almost 60% of Ontarians feel that the Ontario real estate market is “favourable”.
– Less than 20% of Ontarians feel that the Ontario real estate market is “not favourable”.
– People living in the 905 areas of the Greater Toronto Area are the most likely to say that their local real estate market is favourable (71%) , with Toronto proper coming in a close second with 61%.
– 16% and 17% of residents in the Greater Toronto Area are most likely to buy or sell a home within the next two years.