Canadians are confident that real estate prices will continue to rise for the rest of 2016. Bloomberg/Nanos Canadian Confidence Index reached a new 2016 high in the week ending May 20th and real estate prices were a key factor in the gain.
“Positive sentiment on real estate has almost reached highs last touched in July 2014 and confidence scores in British Columbia have hit their highest level since Nanos started tracking sentiment in 2008,” said Nanos Research Group Chairman Nik Nanos.
Although there were fewer positive responses on the Canadian economy; there were rises for personal finances including mortgages, job security and real estate.
Ontario was the only region that showed lower overall confidence and nationally, homeowners were more optimistic than renters.
Source: http://www.canadianrealestatemagazine.ca/market-update/real-estate-optimism-close-to-2year-high-207930.aspx
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