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Cooling Real Estate Dents Canadian Consumer Confidence | Tony Seruga
May
29

Cooling Real Estate Dents Canadian Consumer Confidence

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  • Measure of home price expectations tumbles from record in May
  • Confidence on economy falls to lowest since November: survey

Canadians became less confident this month about housing and prospects for the economy amid the troubles of a Toronto mortgage lender, according to telephone polling.

The Bloomberg Nanos Canadian Confidence Index fell to 58.5 in the week ending May 26. That’s down from 59.4 at the end of April, the first monthly decline in four. The share of respondents who felt home prices would rise dropped to 45.5 percent, from a record 50.1 percent this month…

Cooling Real Estate Dents Canadian Consumer Confidence

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