Canadian home price optimism reaches post-pandemic high

Author: External Author | | Categories: First Mortgage , Line of Credit , Mortgage Agent , Mortgage Renewal , Private Mortgages , Real Estate , Real Estate Purchase , Real Estate Sales , Residential Real Estate , Reverse Mortgages

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.

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Original Article Source Credits:   BNN Bloomberg ,

Article Written By:  Shelly Hagan, Bloomberg News

Original Article Posted on:  Nov 2, 2020

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