Sleepy Survey
Posted August 26th, 2009 in Real Estate, Real Estate Stuff | 
Oh go ahead! It’s time to admit that you are excited about the Real Estate Market in British Columbia – especially since the British Columbia Real Estate Association released their ‘quality of life’ survey called “2009 Public Opinion and Outreach Strategy Project–Wave 2″.
It must be a slow day for surveys as not much has changed since the survey conducted prior to the election. Not wanting to cast shadows, some Bears and Bulls may find sufficient fodder to power up their growl or grunt.
The findings:
- Only one-in-four British Columbians are satisfied with the attention paid to housing issues during the provincial election.
- A total of four-in-ten plan or hope to purchase a home or property within the next five years, with about half of these potential buyers expecting to do so in the next two years. A higher proportion plan to purchase in Metro Vancouver (46%) than outside the city (35%), which may indicate that consumer confidence is now higher in the urban area. In the first survey, the findings did not vary by region.
- Availability of affordable properties continues to be the key barrier to purchase. Other barriers include ability to qualify for a mortgage, adequate income, employment security, and property taxes (with a higher proportion than in the first survey citing property taxes as a barrier).
- For almost one-in-five, the Property Transfer Tax continues to be a major financial barrier to home ownership.
- Almost half (44%) of those aware of the PTT say it is at least ‘somewhat’ important in their home buying decisions.
*Courtesy BCREA
Sleep-Eze is available at your local drug store.
