Even with the slated legalization of cannabis in late summer 2018, a significant number of Canadians still believe that a property which has been used to grow marijuana is a suboptimal prospect for a home purchase.<\/p>\n
The latest survey conducted by real estate data portal Zoocasa found that 47% of the respondents said that even a legal amount of marijuana grown in a home would reduce their desire to buy the property. 52% of those polled in Quebec agreed, as did 48% in both B.C. and Ontario. Meanwhile, only 31% in Atlantic Canada agreed.<\/p>\n
Millennials appear to be far more open about the presence of the herb on their properties. 19% of respondents in this demographic said that they would consider growing a legal amount of cannabis at home, compared to only 11% of baby boomers polled.<\/p>\n
Read more: <\/p>\n
In terms of consumption, 39% of respondents from all provinces surveyed stated that increased marijuana use in homes will decrease property values. 45% of Quebec respondents agreed, while only 26% of respondents in Atlantic Canada did so.<\/p>\n
As for the impact of dispensaries on the value of nearby residential properties, 32% of respondents from all provinces surveyed indicated a belief that the presence of these facilities will have a negative impact on the value of nearby homes. 35% of those polled in Ontario agreed, while the figure was only 23% in Alberta.<\/p>\n
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Even with the slated legalization of cannabis in late summer 2018, a significant number of Canadians still believe that a property which has been used to grow marijuana is a suboptimal prospect for a home purchase. The latest survey conducted by real estate data portal Zoocasa found that 47% of the respondents said that even […]<\/p>\n","protected":false},"author":5,"featured_media":21028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/7797"}],"collection":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/comments?post=7797"}],"version-history":[{"count":1,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/7797\/revisions"}],"predecessor-version":[{"id":21091,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/posts\/7797\/revisions\/21091"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/media\/21028"}],"wp:attachment":[{"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/media?parent=7797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/categories?post=7797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.canadianrealestatemagazine.ca\/wp-json\/wp\/v2\/tags?post=7797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}