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Canadians growing more optimistic about housing market even as second wave hits

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Although the market has defied expectations, economists predict the gains will peter out

in line with other data that shows a slow down in activity as cases rise and restrictions get re-imposed.

“Can it continue this way? Absolutely not,” Benjamin Tal, Deputy Chief Economist at CIBC, said in a telephone interview. “As we enter winter, things will slow down economically and we will see it in the housing market. It doesn’t mean it will go down but it will stabilize and maybe soften a bit.” Strong expectations on housing have been shoring up overall consumer confidence levels, the polling suggests, helping offset declining sentiment around the broader economic outlook as rising virus cases prompt local authorities to impose new social distancing measures.

Every week, Nanos Research surveys 250 Canadians for their views on personal finances, job security and their outlook for the economy and real estate prices. Bloomberg publishes four-week rolling averages of the 1,000 responses. The Bloomberg Nanos Canadian Confidence Index, a composite measure of financial health and economic expectations based off the polling, has been little changed since the end of August after recouping more than four-fifths of its pandemic-related losses.

 

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NO REASON to be optimistic..WATCH free-fall in all real estate. Open your eyes!

How so? It is not like JustinTrudeau through cafreeland have made policies that support making things affordable

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What a second wave could mean for the hardest-hit business sectorsMany have not yet recovered, and many will not. A further blow could be \u0027pretty disastrous\u0027 FEAR!!!
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What a second wave could mean for the hardest-hit business sectorsMany have not yet recovered, and many will not. A further blow could be \u0027pretty disastrous\u0027 There will be no economic recovery here or globally. The intention of CON-vid was/is a economic centralized global reset Sage 1 -Pandemic/fear = hysteria Stage 2 -Pension/Complete Market collapse by March 2021 Stage 3 -Economic Depression Stage 4 -People will beg for the Change They do not care, they do not care. They want 10 million less in Canada by 2025, 227 million less USA by 2025. This is agenda 21 in play. Come on people wake up! Agenda 21 is this what you want? By second wave I'm betting your meaning the return of over bearing non sensical govt policy and lockdowns. That follow a pattern of a narrow politicized science view and ignores facts from around the world.
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