Consumer optimism for property prices lower again

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Canadians are increasingly pessimistic on the economy and house prices. The latest Bloomberg Nanos Canadian Confidence Index shows that on the economy as a whole the index fell last week to 18.26 from 20.12 the week before and was below the average for 2015 so far. For real estate prices there was a slight dip in the level of people who believe that prices will be higher in 6 months, although it is roughly at the average for the year to date. Confidence in both personal finances and job security is up though.

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