Mandeep Maan

A Canadian confidence index reached ~52 in recent readings, improving from ~50 a month earlier and moving back above the neutral 50 mark.
Most of that improvement came from forward-looking responses, but housing sentiment stayed soft, with only ~29% expecting local home values to rise.
Canadians most often expected stability instead: ~46% said local home prices would hold over the next six months, while ~20% anticipated declines.
Personal finances looked strained, with ~11% saying they improved over the past year, versus ~38% who said they were worse off financially.
The latest reading mattered for brokers because it landed as attention centered on the central bank's October 28 decision and housing expectations remained muted.

Canadian Confidence Rises; Housing Optimism Lags

An economist said Canadian home prices could begin stabilizing in 2027, as mortgage rates neared a peak even while weaker population growth kept demand soft.
He said much of the recent borrowing-cost increase may already be behind Canadians, with longer-term bond yields nearing highs and no aggressive central-bank tightening needed.
Canada’s annual population growth reportedly slowed from ~1.2M to ~200K, limiting new buyer demand even as employment among prime homebuying-age Canadians reached record highs.
The outlook also reflected a national composite price decline of ~4% this year, while firm construction costs may help keep deeper price drops limited.
Looking ahead, stronger business investment, job growth and income gains were presented as the clearest path to restoring confidence and supporting Canada’s housing recovery.