Dec
12
Renewed Housing Optimism Boosts Canadian Consumer Confidence
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Share of optimists on real estate prices now double pessimists
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Benchmark confidence index has biggest increase since October
Canadian household confidence rose, boosted by improving sentiment about the national housing market, weekly telephone polling shows.
The Bloomberg Nanos Canadian Confidence Index climbed to 56.2 in the week ended Dec. 9 from 55.6, for the biggest gain since October. The indicator reached a 2016 high of 59.9 in August, but had been falling steadily since.
Some 37.4 percent of those surveyed expected higher local real estate prices over the next six months, up from 35.9 percent the prior week. That’s more than double the 17.3 percent of people who predict lower prices…
Renewed Housing Optimism Boosts Canadian Consumer Confidence
