Improving consumer confidence sentiment driven by views on real estate (Bloomberg/Nanos)

Over the last number of weeks of tracking in the Bloomberg Nanos Canadian Confidence Index, sentiment has been improving and is nearing near 50 which would be a neutral score on the 100 point diffusion index. The positive trend has been largely driven my more positive views of real estate values which are up about 11 points in four weeks.

-Nik Nanos, Chief Data Scientist

Nanos conducted an RDD dual frame (land- and cell-lines) telephone random survey of 1,132 respondents in Canada. This report is based on the four waves of tracking ending March 10, 2023. The margin of error for a random survey of 1,132 Canadians is ±2.9 percentage points, 19 times out of 20. The research was commissioned by the Bloomberg and was conducted by Nanos Research.

To view the full report, click here.