Canadians Are Confident About The Real Estate Market

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February 28, 2017

Though experts say that economic conditions are starting to resemble a bubble, Canadians are as confident as ever about finances, the job market, and real estate.

The Bloomberg Nanos Canadian Confidence Index rose to 58.1, the highest since early September last year. Of the respondents, 41.5 percent predicted that home prices will be higher in the next six months, compared to 10.2 percent who expect local prices to drop.

Also, nearly a quarter of respondents predict that the economy will improve within the next six months. More than half described their job as secure, with only 6.8 percent saying their jobs aren’t secure at all.

Results are based on a weekly phone survey of 1,000 respondents who are asked about finances, job security, home prices, and the economy.

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