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Confidence Reaches 2016 High as Canadians Keep Faith in Housing

  • Bloomberg Nanos confidence index rises for second week
  • View of home prices is most optimistic since December 2014

Canadians are looking past signs of damage from low energy prices and predicting the housing surge will continue.

According to weekly polling by Nanos Research, the share of respondents expecting higher real estate prices reached the most since December 2014 last week, or 38.7 percent. That pushed the Bloomberg Nanos Consumer Confidence Index to 54.7 last week, the highest this year, from 54.5 previously.