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.
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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