The only thing Canadians are optimistic about right now is the housing market

Author: External Author | | Categories: Home Mortgage , Licensed Mortgage Agent , Lowest mortgage rate , Mortgage Associate , Mortgage Broker , mortgage interest , Mortgage Rates

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.

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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



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