Confidence index up again but shows a changing tide

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The latest Canadian Confidence Index from Bloomberg Nanos shows an overall increase in sentiment about the economy and household finances but also highlights some regional and demographical differences. The main index is up to 56.15 (from 56.09 last week) and is still well above the average for the year so far. However while confidence in personal finances has stayed the same and real estate sentiment is slightly higher; job security and the economy are lower although still above 2015 averages.

Those who own their homes are more confident than renters and the 50-59 age group are most optimistic. Economic mood is higher in Ontario, Quebec and Atlantic Canada and lower in the Prairies and British Columbia.
When asked about real estate prices 38.50 per cent expect them to increase in the next 6 months, 16.34 per cent expect decline and 42.01 per cent are not expecting a change. 

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