Canadian housing market optimism climbs amid second wave

Canadian households continue to be increasingly optimistic about housing, even as the country suffers through a second wave of coronavirus cases, polling suggests.

About 44 per cent of respondents expect the value of real estate in their neighborhood will go up over the next six months, according to the latest weekly survey by Nanos Research for Bloomberg News. That’s the highest percentage since March 13, before full pandemic shutdowns began and one of the strongest readings for this question in the past seven years. The share of Canadians who expect home prices to drop slid to 27 per cent, also the lowest since mid-March.

Original Article Source Credits:   BNN Bloomberg , https://www.bnnbloomberg.ca/

Article Written By:  Shelly Hagan, Bloomberg News

Original Article Posted on:  Sep 28, 2020

Link to Original Article:  https://www.bnnbloomberg.ca/canadian-housing-market-optimism-climbs-amid-second-wave-1.1500418