Many residents from Ontario are saying that the real estate market in their area seems to be stronger compared to last year and they are expecting it to continue getting stronger.
The local residents from Ontario are now getting more positive when it comes to the city’s general economy standing especially in terms of the real estate market where there has been a big change in how they see the industry. This is according to an Ipsos poll that was published by the OREA or Ontario Real Estate Association.
According to the result Ontario Homeownership Index, the confidence of the residence has increased by 27 points compared to last November. This is by far the highest in gain that the OREA have recorded since they began started tracking the local’s attitude in 2013.
According to Ipsos Public Affairs’ vice president, Sean Simpson, in the last six months they have recorded the biggest change when it comes to the sentiment of the people in how they view the real estate market. He admitted that it has been remarkable on his side.
The index was device in order to measure the market perception and is set at a benchmark of 100 points. It has already reached 108 then went down to 102 and the current record is now at 129.
Simpson also added that many of the people are still believers that owning a property is the best investment and many of these people still have dreams of acquiring their very own homes and they are on their way to pursuing it.
Majority of the residents that were included in the survey, around 57 per cent of them, things that the real estate market in terms of residential properties is getting better be it in entire province, a certain town or inside their neighborhood.
The highest recorded confidence rating is in the Toronto real estate market with 59 per cent of the participants believing that the market is stronger compared to a year ago. The same goes with the Thailand real estate market thus the East Coast real estate presents a very good investment option.