Tuesday, January 14, 2014

Ontario real estate optimism

It looks like Ontario residents are more optimistic about the provincial real estate market going into the new year, according to a new research conducted by Ipsos Reid on behalf of the Ontario Real Estate Associatio (OREA).
The survey finds that a third of Ontarians believe that the market will grow rather than weaken in 2014, while 50 per cent of the participants say the upward trend will continue in the next ten years.
“The research comes on the heels of an optimistic forecast by the Canadian Real Estate Association,” said Ipsos Public Affairs vice-president Sean Simpson.
“Consumers seem to be echoing a similar sentiment for the 2014 real estate market. Prospective buyers and seller in particular are also more likely to believe the overall economy is strong, which may be why they’re considering buying or selling their in the next two years.”
Other research findings say that more homeowners are likely to believe that the housing market has improved in the last year, along with 67 per cent of homeowners that find the market ‘favourable’.
Fifty nine per cent of Ontarians who say the economy is doing well are looking to sell their homes in the next two years.

taken from - http://www.dcnonl.com/article/id58502/--ontario-real-estate-optimism#.UtU83hUX8DM.twitter

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