“Canadian consumer confidence remained near a four-year high last week amid buoyant sentiment about real estate.
The Bloomberg Nanos Canadian Confidence Index was at 59.7 for the week ended July 25 after reaching 60.6 the previous week, the highest level since 2010. A gauge for real estate sentiment, while down over the past two weeks, remained near record levels for the survey, which began in 2008.
Canadians have been brushing off forecasts of a slowdown in a market analysts such as ratings company Fitch warn may be inflated. Home prices have risen 7.9 percent through the first six months of the year, according to the Canadian Real Estate Association.”
Reports Theophilos Argitis for www.bloomberg.com
