The overall index increased to 53.20 for the week ending Aug. 21 from 52.32 a week earlier and the sub-indexes for economy, personal finances, job security and real estate prices all showed increased positivity.
“Of note there was a noticeable one-week gain in terms of the perceptions of real estate,” said Nanos Research Group Chairman Nik Nanos. “This will have to be monitored to see if this is a potential new trend.”
The percentage of those surveyed who believe that real estate prices will be higher in six months was up to 34.13 per cent from 31.73 a week earlier.
Optimism was strongest in Atlantic Canada, Ontario and B.C. Owners and renters both showed increased sentiment and those earning above $45,000 were the most confident.
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The confidence of Canadian consumers has risen slightly, according to the latest weekly analysis from Bloomberg and Nanos Research.