Indicators
Housing Optimism Is Back in Canada, Boosting Consumer Confidence
- Bloomberg Nanos index hits highest since June on real estate
- Prices appear to have found a bottom amid interest-rate pause
A "sold" sign outside a home in Montreal this month.
Photographer: Christinne Muschi/BloombergThis article is for subscribers only.
Canadians are growing more optimistic as the outlook for real estate steadily improves and the economy grinds ahead with few signs of an imminent recession.
The Bloomberg Nanos Canadian Confidence Index, a measure of sentiment based on weekly polling, rose to the highest level since June. The index was at 50.4 last week, the fifth straight increase. It began to rise sharply around the same time as the Bank of Canada officially paused interest rate hikes, in early March.