Optimism Over Canadian Home Prices Reaches Post-Pandemic High
- Almost half of poll respondents see real estate values rising
- Strong housing expectations offsetting weakness elsewhere
Confidence in the Canadian housing market continues to boom, even as officials grapple with a resurgence of Covid-19 that’s slowing the economy, telephone polling shows.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
Confidence in the Canadian housing market continues to boom, even as officials grapple with a resurgence of Covid-19 that’s slowing the economy, telephone polling shows.
Some 45% of respondents in a weekly survey by Nanos Research Group 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.