Canadian confidence still low especially on real estate

The weekly Canadian Confidence Index from Bloomberg and Nanos Research shows that sentiment is still at a near-one year low and real estate is weighing heavily on Canadians’ minds. Overall the index increased slightly in the week ending Aug. 28 to 53.72 from 53.20 but although positivity on personal finances, job security and the economy all gained, there were fewer respondents expecting real estate prices to increase. “Perceptions on the value of real estate registered noticeable negative pressure,” said Nanos Research Group Chairman Nik Nanos. “A recent survey by Nanos for The Globe and Mail released this week also suggested that eight in ten Canadians agreed or somewhat agreed that Canada is currently in a recession.”