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News & Policy, Grow, News

Nearly half of Canadians think growing weed at home drives down property values

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Chandler Walter Apr 16, 2018 10:42 am 179

Growing cannabis without a license may become legal in a few months, but some Canadians seem to think that it won’t quite be worth the reward.

A recent survey by Zoocasa, a Canadian real estate company, found that 47% of Canadian respondents believe that growing pot in a home will decrease the value of the property.

The survey was administered to 1,431 respondents from various provinces, and nearly half agreed that even the legal amount of pot grown in a home would negatively impact the property’s real estate value.

More respondents from Quebec held the belief than any other province (52%), with those from the Atlantic Region being the least likely to see a negative to growing weed at home (31%).

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Respondents who believed that growing marijuana in their home would decrease the property value (Zoocasa)

The survey also found that Millennials (aged 22 to 37 years old) surveyed would be twice as likely to grow marijuana at home once legalization takes effect when compared to their counterparts in the Baby Boomer generation (aged 54 to 72 years old), with 19% of millennials answering yes to at least considering growing marijuana, and only 11% of Boomers responding the same.

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Respondents stating that they would consider growing marijuana in their home (Zoocasa)

Surprisingly, respondents were more likely to see a decrease in home value for in-house marijuana growth (47%) than those who believed that the same decrease would occur from using the plant in homes (32%).

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Respondents who believed that increased use of marijuana would decrease property value (Zoocasa)

The Atlantic provinces held out as the least fazed by marijuana growth, use, or dispensaries being located nearby, though Albertan respondents were the second least likely to expect a decrease in property value for all three categories.

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Respondents who believed that dispensaries being located nearby would decrease home value (Zoocasa)

The survey was administered online throughout March of this year. According to the report’s methodology, the estimated margin of error is +/- 2.6%, 19 times out of 20.

See also

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Chandler Walter
Staff Writer with Daily Hive. Langara Journalism Graduate, subpar photographer, and extremely mediocre tweeter. He wishes he knew how to whistle (even just a little bit) or type with all ten fingers. And yes, like from 'Friends.' Email your story to [email protected]

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