Canadians losing confidence in rising home prices

While home prices are still rising on many markets, Canadian consumers are becoming less confident that the trend will continue.

The Bloomberg/Nanos index of Canadian consumer confidence has seen a rise of 8.5 per cent in the proportion of respondents expecting a price decline in the next 6 months.

Most (41.4 per cent) still believe that home prices will rise and the proportion who believe they will stay the same decreased to 36.3 per cent last week from 41.6 per cent at the start of August.

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