Canadian consumers are increasingly concerned about the state of the economy, real estate prices and their own finances. That’s according to the weekly Bloomberg/Nanos Canadian Confidence Index which declined again for the week to July 17. “Perceptions related to the expected strength of the Canadian economy and real estate values realized negative pressure this week,” said Nanos Research Group Chairman Nik Nanos. The main index fell to 55.0, down from 56.13 a week earlier and below the 2015 average of 55.74.
Positivity was lower in all four metrics - economy, personal finances, job security and real estate prices – and in all regions. It also fell across all income brackets and most age groups except 40-49 year olds. Renters’ optimism was dented more than those with a mortgage but both groups declined. On the subject of house prices 35.81 per cent believe they will be higher at Christmas, down from 37.25 per cent in the previous week’s survey.
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