Consumer confidence rises – but not in real estate

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An index of consumer confidence has recorded an increase for last week, fuelled by better optimism on job security. However the Bloomberg Nanos Confidence Index was less positive on the housing market as the sub-index on real estate saw a fall in those that expected house prices to increase in the next six month; that marker hit a four month low. Although the real estate stats are still just above this year’s average, it shows that Canadians may be thinking that the boom time if coming to an end, in the light of the mixed messages we have seen recently.

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