100 Queen Condos . There is only one bright spot in the economy. Former Federal Finance Minister Bill Morneau warned in an interview with the Canadian Broadcasting Corporation (CBC) that the second wave of the epidemic is more severe than expected and that federal finances will be under more pressure, so Canadians must be prepared for more difficult times.Please Visit: 100 Queen Condos to Get Your VVIP Registration Today!
Canada’s National Post (National Post) reported on Monday that government officials at all levels are going all out to cope with the resurgence of COVID-19, and that the second wave of the epidemic will undoubtedly slow the economy. When overall consumer confidence in Canada fell for the first time, confidence in the real estate market continued to grow.
According to a recent survey conducted by pollster Nanos Research Group, about 45 per cent of Canadian respondents believe that the value of real estate in their neighborhood will rise in the next six months, the largest proportion since mid-March, while only 13 per cent believe that house prices will fall, the lowest level in the same period.
Continued optimism in the housing market is helping to offset other growing concerns about household finances. There are signs that the economic recovery is weakening, with overall consumer confidence falling in October for the first time since the pandemic began. The Bloomberg confidence Index (Bloomberg Nanos Canadian Confidence Index) fell to 52.5 in October from 53.1 at the end of September.
Nanos Research surveys 250 Canadians every week to find out what they think about personal finance, job security, the economy and real estate prices. Bloomberg released a four-week rolling average of 1000 responses, of which the real estate outlook was the only improvement in the past month.
Although overall, Canadian consumer confidence fell in October, it rebounded slightly at the end of the month, ending four consecutive weeks of decline.