Real estate continues to dominate consumer sentiment

Canada’s weekly barometer of consumer sentiment remained largely unchanged for the week ending May 13 but expectations for real estate outpaced other factors.

The Bloomberg/Nanos poll found that the sub-index on job security and personal finances including mortgages, dipped slightly last week; the expectations index on the economy and real estate prices was also lower.

However, on the question of whether real estate prices would be higher in 6 months, there was an increase in the percentage of respondents saying they would be.

“Although perceptions on job security, personal finances and the strength of the economy stalled, views on the future value of real estate continued to climb,” said Nanos Research Group Chairman Nik Nanos.
Overall sentiment edged higher in Atlantic Canada and BC, those in their 40’s and middle-income earners. 

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