The threat of a housing market downturn has some Canadian homeowners listing their homes for sale.

So suggests a new CIBC survey of more than 3,000 Canadians aged 18 and up.

Cashing out before an expected home price drop is the second-most-common financially related reason survey respondents cite as their top motivation for plans to sell their homes.

In total, 22% of respondents who own homes indicate that’s why they intend to put their homes on the market

Across three age segments, the share of respondents who indicated this as their top pick ranged from 21% to 23%, suggesting it’s consistently top of mind for a large share of Canadians regardless of age.

Although, 54% of all respondents say housing prices will “never” drop, and only 4% say home prices will fall in less than a year.

Some 16% see housing prices declining in the next one or two years, however.

The most common financial reason for planning to sell a home is, well, so the owners can simply move into another.

In fact, “to invest in another or larger home” was the top reason for 23% of respondents planning to sell.

For Canadians between the ages of 18 and 34, otherwise known as Millennials, the share jumps to 46%, and it sinks to just 9% for those 55 and over.

Some 24% of those aged 35 to 54 listed buying another home as their top reason.

Financing retirement was the third most popular reason for planning to sell at 21%, but unsurprisingly it wasn’t top of mind for many under the age of 35.

Only 10% of this demographic cited it as their top selling motivator, while 26% of the 55-and-up crowd and 21% of the 35-54 group did so.

“In today’s market, homeowners are facing a conundrum as to whether to buy, sell or stay put,” said David Nicholson, vice president of CIBC Imperial Service, in a statement.

The top reasons Millennial homeowners plan to put their homes on the market differed.

Among this young demographic, 63% say it’s because their mortgages and other housing costs are “making them cash poor.”

Meantime, 57% are worried about the possibility of rising interest rates, and for 36%, renting just makes more sense to them.

“It’s important to choose the house and mortgage that you can afford so that you can manage your cashflow and won’t end up with buyer’s remorse,” Nicholson pointed out.

The top reason for not selling? For 62% of homeowners, it’s the high cost of another house that’s responsible for their reluctance to sell.

These Are the Top 3 Financial Reasons Canadians Sell Their Homes by Josh Sherman | Buzz Buzz Home