Some 64 per cent of Canadians expect the value of real estate in their neighbourhoods to increase over the next six months, according to the latest weekly survey by Nanos Research Group for Bloomberg News.
It’s a surprising result, coming a week after the Bank of Canada warned it plans to start raising lending rates as early as next month.
Every week, Nanos Research surveys 250 Canadians for their views on personal finances, job security and their outlook for both the economy and real estate prices.
The question on housing prices has moved above 64 per cent only once, when it hit multiple weekly records in April last year.
At its last policy decision on Jan.
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