The Bloomberg/Nanos Canadian Consumer Confidence Index for the week ending Nov. 13 showed a rise to 58.62 from 58.31 a week earlier. The latest figure is the peak for 2015 so far.
The sub-index on personal finances, including mortgages, together with job security edged higher; so did the sub-index on expectations for the next six months for the overall economy and real estate prices.
However, positive responses to expectation of improving personal finances and real estate prices were down slightly.
Confidence was up in Ontario, Quebec and BC but lower in the Prairies and Atlantic Canada.
Most age groups and income brackets saw improved confidence although homeowners were less optimistic than the previous week while renters’ confidence increased.
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:
Cannington, Rivière-Saint-Jean, Hampton, Outlook, Arichat
The level of confidence that Canadians have in the economy and their own finances continues to rise.