National Post (National Edition)
REAL ESTATE OPTIMISM BLOWS PAST PRE-VIRUS LEVELS
Canadians are the most confident in more than three years that real estate prices will continue to rise, according to weekly telephone polling, a positive signal for the recovery. About half of respondents, or 49.2 per cent, see home prices climbing over the next six months, the highest share since May 2017. That helped lift the Bloomberg Nanos Canadian Confidence Index to 55.1 last week, levels last seen in early March. It's been nine months since Canada first shut down its economy to contain the spread of COVID-19, leading to a record plunge in consumer confidence. Real estate optimism has continued to climb, however, with only 12.7 per cent of respondents saying they believe home prices in their neighbourhood will decrease in the next six months.