November 02, 2020, by Shelly Hagan
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.
The telephone polling showed confidence in the Canadian housing market continues to boom, even as officials grapple with a resurgence of Covid-19 that’s slowing the economy.
Some 45% of respondents 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% believe values will decrease, the smallest reading over the same period.
Continued optimism in the housing market is helping to offset growing worries elsewhere for households.
What does this mean?
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