Canadians still expect higher home prices

The value of residential properties is expected to be higher in six months, according to the latest barometer of consumer sentiment.

The figures from Bloomberg and Nanos Research’s Canadian Confidence Index show that 37.97 per cent of respondents to the weekly poll believe that home prices will increase through to the end of the year.

That’s up from 36.97 per cent a week earlier and higher than this year’s average (34.44 per cent) and the average since 2008 (36.52 per cent).

Those who expect lower prices make up 14.22 per cent while 44.33 per cent think they will stay the same. 

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