A solid majority of participants in Canada’s various housing markets are feeling on edge about where things are headed, according to a survey from brokerage Century 21.


Rather than polling buyers and sellers, this survey asked more than 1,000 Century 21 real estate agents to gauge the mood of their clients. In all, 68.3% of agents reported their clients are “somewhat” or “very concerned” about current market conditions. Only 15.6% described their clients as “optimistic” or “excited.”

Interestingly, despite the 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.

The worst pessimism can be found on the Prairies, where 77% are somewhat or very concerned, and only 11.8% are optimistic or excited. Calgary and Edmonton, the two largest housing markets, have been showing poor results this year which is likely contributing to the pessimism. 

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% are optimistic or excited. The survey didn’t break out numbers for Quebec.

“The regional differences in the data are striking, and we also heard some interesting anecdotes from agents,” Century 21 executive vice-president Brian Rushton said in a statement.

“For example, some neighbourhoods in Ottawa and Regina are bucking the trend and are hot sellers’ markets, as are some suburbs of metropolitan centres like Vancouver as people are moving farther out from the core.”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% report feeling “excitement,” while 28.8% are “nervous” about prices or taxes.

Among sellers, there’s far less excitement ⁠— only 18% say they’re excited ⁠— while 38.7% are feeling nervous.

Source: Huffington Post