Canadian home price optimism reaches post-pandemic high

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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 , 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

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