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. 

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