Poll Says It's Not Just Vancouver, Most Urban Canadians Upset Over Increasing Housing Prices

Majority of residents in Vancouver are frustrated over the soaring real estate prices but they are not alone. According to a new poll conducted by Angus Reid, most Canadians living in cities believe that they are paying too much for housing. The survey was conducted between February 2nd and February 10th and it found almost half of the respondents polled indicated that the cost of purchasing a home in their neighbourhoods is either high or unreasonably high.

The survey also found that 66 per cent of Canadians want the government to do more to control the increasing prices of homes. 74 per cent of survey respondents in Vancouver want the government to intervene and curb the soaring prices in the real estate sector.

Those surveyed in Metro Toronto and Metro Vancouver appeared the most frustrated with the expensive prices of homes. 46 per cent of respondents in Toronto indicated that the price of homes were high. In Toronto, the average price of a home is just over $630,000.

70 per cent of those surveyed in Vancouver stated prices of homes were high but understandable given the area. In Vancouver, the average price of a home exceeds $1 million.

Aside from those two cities, 45 per cent of respondents in most of Canada's urban centres like Calgary, Edmonton, Winnipeg, Montreal and Halifax said that the cost of homes is either high or unreasonably high.

The margin of error for the survey, which polled 5,867 Canadian adults, is plus or minus 1.3 percentage points, 19 times out of 20.

Reference: Vancouver Sun

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