Concern over nearby cannabis stores fading: survey

But more than half of both homeowners (64%) and renters (53%) agree that smoking cannabis inside would devalue a home

Mario Toneguzzi is a Troy Media reporter based in CalgaryA new survey suggests Canadians are warming up to cannabis dispensaries near their homes.

Online real estate company Zoocasa found that 43 per cent of respondents to their survey agreed they would be comfortable with such a business operating in proximity to their home compared with 31 per cent last year.

“However, those who don’t own real estate in their neighbourhood were more likely to indicate they are comfortable – a total of 56 per cent of renters were in agreement, compared to just 36 per cent of homeowners.

As well, respondents who identified as millennials (born between 1981 and 1996) were most comfortable with nearby dispensaries than older generations; 56 per cent indicated as such, compared to a combined 34 per cent of generation Xers (1965 to 1980) and baby boomers (1946 to 1964),” said Zoocasa.

“As well, Canadians aren’t too worried that the presence of a dispensary would hurt the value of nearby homes, and overall sentiment appears to have improved from pre-legalization. A total of 32 per cent of respondents felt that dispensaries would have a negative impact on nearby home values, down from 42 per cent last year. Homeowners were more likely to agree with the sentiment, at 35 per cent, compared to 25 per cent of renters. Again, millennials are less likely to be concerned, with 24 per cent in agreement, compared to 38 per cent of older generations.”

The survey also found:

  • More than half of both homeowners (64 per cent) and renters (53 per cent) agree that smoking cannabis inside would devalue a home.
  • Landlords strongly prefer that cannabis not be grown or consumed within their properties – 85 per cent of respondents who identified as owning rental properties agreed they would rather have tenants who did not engage in such behaviour. As well, now that cannabis is legal, they have become increasingly concerned about related damage to their properties, with 57 per cent in agreement.
  • Fifty-five per cent of landlords said they would consider charging higher rents to future tenants to cover potential cannabis-related damages.

Mario Toneguzzi is a Troy Media business reporter based in Calgary.

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