Canadian confidence still low especially on real estate

The weekly Canadian Confidence Index from Bloomberg and Nanos Research shows that sentiment is still at a near one-year low and real estate is weighing heavily on Canadians’ minds.

Overall, the index increased slightly in the week ending Aug. 28 to 53.72 from 53.20.

Although positivity on personal finances, job security and the economy all gained, there were fewer respondents expecting real estate prices to increase.

“Perceptions on the value of real estate registered noticeable negative pressure,” said Nanos Research Group Chairman Nik Nanos.

“A recent survey by Nanos for The Globe and Mail released this week also suggested that eight in 10 Canadians agreed or somewhat agreed that Canada is currently in a recession.” 
 

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Investment Hot Spots:
East Dover, Glovertown, Mudge Island, Cando, Horsefly

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Poll

Have your investment plans changed for 2017?