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24

Canadian Housing Optimism Hits Record Amid Curbs on Toronto

By Tony Seruga

Share of people who see rising home prices highest since 2008
Weekly polling also shows views on personal finances worsened

Optimism about home prices reached an all-time high in Canada just as policy makers stepped in to curb runaway prices in the country’s largest city.

The share of respondents in the weekly Bloomberg Nanos Canadian Confidence Index who see home prices rising in the next six months climbed to 48.5 percent, the most in records back to mid-2008. The overall confidence index reached 59.1, the highest since March and exceeding the 12-month average of 57.4.

“Bullish sentiment on real estate in Canada continues to drive consumer confidence,” said Nanos Research Group Chairman Nik Nanos…

Canadian Housing Optimism Hits Record Amid Curbs on Toronto

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