News
Canadians optimistic about house prices
Thursday 22 May 2008
Canadians remain optimistic about the value of their properties despite concerns of a downturn in the economy, new research has revealed.
The Nanos Research-Sun Media survey found 39.7 per cent of people believed their properties would increase in value.
A further 38.9 per cent predicted the value of their home would remain stable while just 17.5 per cent were pessimistic about the future.
Over 1,000 people were questioned in the May survey and the results revealed that women are more likely than men to be cautious about making positive predictions.
Those living in Western Canada were most optimistic about the price of their home increasing with 44.7 per cent believing prices would rise.
According to a local Canadian newspaper Winnipeg Sun, sales of properties in Canada are currently down by 15 per cent but prices are up by about five per cent.
Canada is a member of the Organisation for Economic Co-operation and development (OECD) and Group of Eight (G8) and is one of the world's wealthiest nations, with a high per-capita income.
The Nanos Research-Sun Media survey found 39.7 per cent of people believed their properties would increase in value.
A further 38.9 per cent predicted the value of their home would remain stable while just 17.5 per cent were pessimistic about the future.
Over 1,000 people were questioned in the May survey and the results revealed that women are more likely than men to be cautious about making positive predictions.
Those living in Western Canada were most optimistic about the price of their home increasing with 44.7 per cent believing prices would rise.
According to a local Canadian newspaper Winnipeg Sun, sales of properties in Canada are currently down by 15 per cent but prices are up by about five per cent.
Canada is a member of the Organisation for Economic Co-operation and development (OECD) and Group of Eight (G8) and is one of the world's wealthiest nations, with a high per-capita income.
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