A survey carried out weekly by Bloomberg and Nanos Research has found that last week (to July 17) 35.81 per cent said they believe that real estate prices will be higher in six months compared to 37.25 per cent a week earlier and 37.97 per cent the week before that.
Overall, confidence in the Canadian economy fell to below the 2015 average last week at an index of 55.00 from 56.13 in the week prior.
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
Investment Hot Spots:
Carlow, Troy, Greenwood, Dorset, Saint-Louis-de-Gonzague
The percentage of Canadian consumers who believe that home prices will be higher by Christmas has continued to decline in recent weeks.