Consumers weaken expectation of home price increases

Fewer Canadians expect home prices to be higher in six months, according to the latest Canadian Confidence Index.

The data from Bloomberg and Nanos Research shows that the proportion who believe prices will increase dipped to 37.25 per cent last week from 37.97 per cent a week earlier.

Those who thought prices will remain the same made up 45.46 per cent, with 13.87 per cent predicting a decrease.

Overall, consumer sentiment dipped slightly with both renters and homeowners feeling less confident. 
 

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:
Pinette, Blaeberry, Port-Daniel--Gascons, Hodges Cove, Russell

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?