{"id":5681,"date":"2017-05-02T10:10:10","date_gmt":"2017-05-02T17:10:10","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=5681"},"modified":"2017-05-14T15:45:40","modified_gmt":"2017-05-14T22:45:40","slug":"canadians-now-more-optimistic-about-home-price","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2017\/05\/canadians-now-more-optimistic-about-home-price\/","title":{"rendered":"Canadians Now More Optimistic About Home Price"},"content":{"rendered":"<p style=\"text-align: justify;\">The latest edition of the Bloomberg Nanos Canada Confidence Index saw optimism about home prices reaching an unprecedented high in Canada.<\/p>\n<p style=\"text-align: justify;\">The survey, which is considered statistically accurate within 3.1 percentage points (19 times out of 20), found that 48.5% of the polled consumers see home prices rising in the next 6 months, the highest ratio since mid-2008. The overall confidence index reached 59.1, the highest since March and surpassing the 12-month average of 57.4.<\/p>\n<p style=\"text-align: justify;\">\u201cBullish sentiment on real estate in Canada continues to drive consumer confidence,\u201d Nanos Research Group Chairman Nik Nanos said.<\/p>\n<p style=\"text-align: justify;\">Ontario tied with British Columbia for the highest confidence on a per region basis, both at 62.9.<\/p>\n<p style=\"text-align: justify;\">The heightened hopefulness came amid new measures enacted by the Ontario government to moderate red-hot price growth in the Toronto housing market. Last week, Ontario Premier Kathleen Wynne and Finance Minister Charles Sousa introduced a 15% foreign buyers\u2019 tax covering the Greater Toronto Area, and permitted Mayor John Tory to charge a levy on vacant properties.<\/p>\n<p style=\"text-align: justify;\">However, the increased confidence stood in stark contrast to the survey\u2019s results on opinions surrounding personal finances. 28.3% of the respondents stated that they were worse off compared to a year ago, while only 18% saw improvements in their pocketbooks.<\/p>\n<p><a href=\"http:\/\/www.canadianrealestatemagazine.ca\/news\/canadians-now-more-optimistic-about-home-prices--poll-224621.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">Canadians Now More Optimistic About Home Price<\/a> by Ephraim Vecina | Canadian Real Estate Wealth<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest edition of the Bloomberg Nanos Canada Confidence Index saw optimism about home prices reaching an unprecedented high in Canada. The survey, which is considered statistically accurate within 3.1 &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2017\/05\/canadians-now-more-optimistic-about-home-price\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-5681","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Canadians Now More Optimistic About Home Price &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2017\/05\/canadians-now-more-optimistic-about-home-price\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Canadians Now More Optimistic About Home Price &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"The latest edition of the Bloomberg Nanos Canada Confidence Index saw optimism about home prices reaching an unprecedented high in Canada. 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