Monday, November 10, 2014

Job Security and Real Estate Perception

Bank of Canada Senior Deputy Governor Carolyn Wilkins said in an interview last week that slow employment growth is a clear sign that slack is persisting in the Canadian economy, suggesting low interest rates are still needed.

The percentage of those who think real-estate prices will increase in the next six months rose to 43.6, the highest since the first week of August, from 41.2 the prior week. The gauge has averaged 40.4 this year. Those who see prices falling accounted for 10.6 percent of respondents, below the 2014 average of 11.5 percent.

The proportion of respondents who say they are better off financially in the past year rose to 20.0 percent from 19.7 percent. The 2014 average is 19.6 percent.

These figures are based on the Nanos' poll system.

Source