ECONOMIC DOWNTURN AND DAMPENED CONSUMER CONFIDENCE CAUSED HOUSE PRICES
TO DIP DURING FOURTH QUARTER
Poll indicates today’s federal budget announcement, Obama inauguration anticipated to buoy optimism
The tumultuous times that characterized the end of 2008 are not anticipated to define 2009. A recent poll commissioned by Royal LePage found that almost half (49%) of Canadians surveyed agree that the economic stimulus measures anticipated as part of today’s Canadian federal budget announcement will have a positive impact on Canada’s real estate market. Political actions taking place south of the border are also likely to buoy the country’s economic conditions, as the poll found that 82 per cent of Canadians agree that the inauguration of Barack Obama will have a positive impact on consumer confidence in Canada.
“The steady flow of universally dire news that Canadian consumers faced in the fourth quarter has gradually given way to a mixed diet of positive and negative economic indicators,All Articles More Like This