Consumer confidence stable but real estate index slips
The latest measure of Canadian consumer confidence has remained stable according to Bloomberg / Nanos Research. Overall confidence was down to 55.04 last week from 55.59 the week before with personal finances including their mortgages and the Canadian economy showing stronger sentiment. The sub-indexes on job security and the real estate market were slightly lower. When asked if property prices would be higher in six months 35.64 per cent felt they would, 17.74 per cent said lower and 43.41 per cent believed they would stay the same. Confidence was higher in the Prairies and BC and among those aged 50 or above.