After months of uncertainty, consumer sentiment toward real estate is rebounding sharply. In fact, May saw the largest 3-week jump in the Bloomberg Nanos Confidence Index on record. That’s a big deal.
Why it matters: It’s confidence, not just affordability, that’s holding back activity right now.
The average monthly mortgage payment remains steady around $2,600—still elevated, but back to levels last seen in mid-2022, when home sales were about 15% higher than they are today. While investor-driven booms aren’t on the horizon, this shift in sentiment could pave the way for more buyers to re-enter the market. If your clients have been waiting on the sidelines, now’s the time to revisit your game plan.
Canadian consumer confidence is on an upward trend, having now risen for a fourth consecutive week, according to the Bloomberg Nanos Canadian Confidence Index.
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