This article comes from Red Deer real estate expert Kevin Thomsen.
According to recent statistics, Canada is more optimistic about both the real estate and economy. To be precise, the survey responses on job security, finances and outlook of the economy have risen from 59.5 to 59.9 on the week ending August 5th. The economic rise is the highest since September of 2014. Apart from the highlights mentioned, the following are the key points which indicate clearly that the economy has risen:
#1. Personal finance
The real estate consumer confidence has indeed become higher since 16.8% of Canadians are saying they are better off financially as compared to last year. On the other hand, 22.7% believe that they are worse off. This has risen from 21.5%. You will get 5.8% from last week’s 5.2% points. Even though there is a percentage rise, it has remained below the average of 13.5 points.
#2. Job security
One of the critical points of the survey data in Canada are the job security numbers. Based on the Canadians’ recent interview, individuals who said that they are secure in their jobs are 64.2%, which is among the lowest readings from the past three years. Also, people who said that their jobs are not secure are 10.9%, which is very below average.
#3. The sentimental gain reflecting optimism in the rise of the economy
Canadians sample interviewed indicated that they see a strengthening of the economy rose from 26.3% last week. This was the highest since the month of May. On the contrary, those who are expecting the economy to weaken are 21%, which is the lowest from October 2014. The differences between the two figures are 5.3 points. This is the largest since the month of November. Hence, it can be seen that there is a sentimental gain in the rise of the economy. Continue reading Confidence Higher for Canadian Real Estate and Economy