Canadian Housing Market Confidence Highest Since 2014

Despite some articles about the less-than-stellar state of the Canadian housing market, polling has revealed that Canadians have a more positive outlook now than they did back in 2014.

The Canadian housing market

The survey from the Nanos Research Group (via the Globe and Mail) revealed that the number of respondents who believe that housing prices will rise in the next six months is up to 39.4 percent, with only 16.6 percent believing prices will go down.

Just last week those who thought housing prices would rise was at 38.3 percent, with survey takers predicting a fall at 17.1 percent -- the lowest since November.

"Forward-looking views on real estate and the strength of the Canadian economy are noticeably above the 2016 average for those two measures," explained head of the Nanos Research Group Nik Nanos. "This is in contrast to perceptions related to job security and personal finances which are flat for 2016."