Consumer confidence continues to fall
Consumers are feeling less confident in the economy and real estate prices according to the latest Bloomberg Nanos Canadian Confidence Index. The poll fell to its lowest since 2011, down to 54.15 from 54.57 the week earlier. However when broken down further there are some positives; although confidence in personal finances and the general economy declined last week, job security and real estate improved. Asked about home prices in their neighbourhood 33.06 per cent felt they would be higher in six months (up from 32.17 per cent and above the year-to-date average of 31.44), 19.65 per cent thought they would be lower and 44.86 per cent expected them to stay the same.