Canadian home price optimism reaches post-pandemic high
Confidence in the Canadian housing market continues to boom, even as officials grapple with a resurgence of COVID-19 that’s slowing the economy, telephone polling shows.
Some 45 per cent of respondents in a weekly survey by Nanos Research Group believe the value of real estate in their neighborhood will increase over the next six months, the highest reading since mid-March, when mass shutdowns were imposed to control the coronavirus outbreak. At the same time, only 13 per cent believe values will decrease, the smallest reading over the same period.
Original Article Source Credits: BNN Bloomberg , https://www.bnnbloomberg.ca/
Article Written By: Shelly Hagan, Bloomberg News
Original Article Posted on: Nov 2, 2020
Link to Original Article: https://www.bnnbloomberg.ca/canadian-home-price-optimism-reaches-post-pandemic-high-1.1516463
