August 9th - 2013

Market Watch: Six in 10 GTA home owners plan to buy again

Real estate prices continue to rise, but a new poll says that hasn’t damaged home owners’ belief in the market in the Greater Toronto Area.

Real estate prices continue to rise, but a new poll says that hasn’t damaged home owners’ belief in the market in the Greater Toronto Area. The Bank of Montreal notes that 57% of local homeowners polled plan to buy a new home within the next five years. That figure was down 2% from last September, but 11% ahead of the national average. While the numbers varied widely in other cities compared with last fall’s poll, BMO analyst Sal Guatieri says home owners’ intentions to buy in the future will hold steady for the rest of 2013. Visit http://newsroom.bmo.com/.

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Ontario Real Estate Association

Jean-Adrien Delicano

Manager, Media Relations

JeanAdrienD@orea.com

416-445-9910 ext. 246