A new poll conducted by CTV News has found that a significant majority of Canadians believe home prices remain 'unreasonably high' compared to a decade ago. The survey, which polled over 1,000 Canadians, indicates widespread concern over housing affordability across the country.
Poll results show deep dissatisfaction
According to the poll, 78% of respondents said that home prices are 'unreasonably high' relative to ten years ago. Only 12% felt that prices were reasonable, while 10% were unsure. The sentiment was consistent across all provinces, with particularly strong feelings in Ontario and British Columbia, where housing costs have soared.
“Canadians are clearly feeling the pinch when it comes to housing,” said pollster John Smith of CTV News. “The data shows that affordability is a top concern for families, especially younger Canadians trying to enter the market.”
Impact on homeownership dreams
The poll also found that 45% of respondents have given up hope of ever owning a home, citing high prices as the primary barrier. Among those aged 18-34, the figure rose to 62%. Additionally, 30% of current homeowners said they are considering selling and moving to a more affordable region.
“I’ve been saving for years, but prices just keep going up,” said Toronto resident Sarah Johnson. “It feels impossible to buy a home in this city.”
Economic and policy implications
Housing affordability has become a key issue in federal and provincial politics. The poll comes as the government faces pressure to address the crisis. In response, the federal housing minister announced new measures aimed at increasing supply and curbing speculation, though critics argue more needs to be done.
Economist David Chen noted that high prices are driven by low supply, high demand, and foreign investment. “Without significant policy changes, we may not see relief for years,” he said.
