housing-crash-price-value-decrease

Smoking may be even more costly than you think.

The habit can also lower the resale value of your client’s homes, finds a study by the BC Lung Association and the Heart and Stroke Foundation

“Our survey findings suggest that in addition to undermining health, homeowners who smoke are burning a hole in their pocketbooks,” says Scott McDonald, CEO of the BC Lung Association in a release.

In fact, the survey finds that more than half of B.C. realtors say a home’s value can decrease by about 10% if the current owner smokes. And selling it can be even more difficult — 76% of realtors say buyers are less likely to purchase the home.

Read more.

Also read:

Canada’s top 10 cities to buy real estate in

Concern about Canadian household debt levels overblown

U.S. real estate still attractive

Originally published on Advisor.ca

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