Mortgage News
Real estate outlook lifts consumer confidence
Canadian consumer confidence surged to the highest in more than three years amid rising optimism over the outlook for real estate and the economy.
Published
The Bloomberg Nanos Confidence Index saw a significant increase this month, as Canadian home buyers return to the market and home sales started to rise.
Overall perception of a healthier economy and the value of real estate are said to have helped fuel the gain, with optimism about housing reaching a two year high.
Last week, the Bank of Canada once again kept the overnight lending rate at 1%, and reported that it continues to see a "gradual strengthening" of the economy.