May
08
Majority of Consumers Now See Canadian Home Prices Rising
By-
Housing measure tops 50% for first time in data back to 2008
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Weekly survey reading comes rising tension from Home Capital
Expectations for Canada’s housing market are heating up, with more than half of respondents in a weekly telephone survey predicting home prices will rise, the first time the measure has topped 50 percent in records dating back to 2008.
The bullishness comes even as a run on deposits at Toronto-based mortgage lender Home Capital Group Inc. leads to heightened scrutiny of a market which policy makers have said is divorced from economic fundamentals. The broad Bloomberg Nanos Canadian Confidence Index fell to 59 in the week ended March 5…
Majority of Consumers Now See Canadian Home Prices Rising
