Consumer confidence remains low

A poll of consumer sentiment, taken before the latest decision on interest rates, shows that Canadians remain wary about aspects of the economy.

The weekly index from Bloomberg and Nanos Research has again edged lower, down to 53.27 for the week ending Sept. 4 2015, from 57.72 a week earlier.

Although there was a marginal increase in the percentage of respondents who are optimistic about the economy as a whole, the measures of those who are positive about job security, personal finances and real estate prices were lower.

Confidence was higher among younger Canadians on lower wages, while homeowners, including those with a mortgage, are less confident than renters. 

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:

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

Industry news

Submit a press release


Do you invest in commercial properties?