The only thing Canadians are optimistic about right now is the housing market
Confidence in the Canadian housing market continues to boom, even as officials grapple with a resurgence of COVID-19 that’s slowing the economy, telephone polling shows.
Some 45 per cent of respondents in a weekly survey by Nanos Research Group believe the value of real estate in their neighbourhood will increase over the next six months, the highest reading since mid-March, when mass shutdowns were imposed to control the coronavirus outbreak. At the same time, only 13 per cent believe values will decrease, the smallest reading over the same period.
Original Article Source Credits: Financial Post , https://financialpost.com/
Article Written By: Shelly Hagan
Original Article Posted on: Nov 02, 2020
Link to Original Article: https://financialpost.com/news/economy/the-only-thing-canadians-are-optimistic-about-right-now-is-the-housing-market