Real Estate Boosts Canadian Consumer Confidence
Tom Ireland • August 9, 2016
Consumer sentiment rose for a fifth week with Canadians becoming more optimistic about the economy and housing market, weekly polling showed. The post Real Estate Boosts Canadian Consumer Confidence appeared first on Andy Schildhorn, PREC.
The Bloomberg Nanos Canadian Confidence Index has hit its highest since September 2014. These are the key points to note, according to Bloomberg (more details on their website ):
- The result reflects an increased optimism with regard to the economy.
- Canadians are also optimistic when it comes to real estate.
- Canadians are also feeling better about their personal finances.
The post Real Estate Boosts Canadian Consumer Confidence appeared first on Andy Schildhorn, PREC.
SURREY, BC – The Fraser Valley market showed early signs of a spring thaw in February, with sales increasing over January, but continuing to trail typical levels for this time of year. The Fraser Valley Real Estate Board recorded 843 sales on its Multiple Listing Service® (MLS®) in February, a 36 per cent increase from January, but 38 per cent below the ten-year seasonal average. New listings declined nine per cent in February to 2,796, suggesting some sellers are choosing to wait amid competitive inventory levels, and may be positioning their homes for the peak of the spring market.
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The economics of building new homes in Canada are now "simply broken," sparking a macroeconomic drag that CIBC economists warn is just beginning to take hold. 👉 Details Here
