More consumers expect real estate prices to increase by year-end

The percentage of consumers who believe that home prices will be higher in six months has increased again.

The weekly barometer of consumer sentiment from Bloomberg and Nanos Research shows that, last week, 37.25 per cent of respondents said that prices would be higher. That’s compared to 35.97 a week earlier.

The majority (45.18 per cent) expect prices to stay the same while 14.50 per cent expect a decrease.

Confidence in the economy as a whole was slightly lower with personal finances and the overall economy lower, but job security and real estate sub-indexes showing growing optimism.

Those in Quebec and the Prairies, renters, and those aged between 18-39 and 50-59 were most confident of better times ahead. 

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