Real Estate Optimism Surges in Canada With Rate Cuts on Horizon
- Nearly half see home prices rising over next six months
- Market will be ‘disappointed’ if BOC doesn’t cut soon: BMO
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Canadians are growing bullish on housing again.
Nearly half of them — 48% — say they expect the value of real estate in their neighborhoods to increase over the next six months, according to a poll by Nanos Research for Bloomberg News. Only 8% foresee a decline. The rest expect no change or are unsure.