Pursuits
Real-Estate Blues Bring 6th Straight Drop in Canada Confidence
- Decline in optimism on home prices is largest in three years
- More people see flat economy, Bloomberg Nanos polling shows
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Canadians are starting to lose faith in their housing market.
A gauge of real-estate sentiment dropped by the most in three years last week, according to telephone polling by Nanos Research Group. That dragged the broad consumer confidence Index down for a sixth week, as the recently elected Liberal government introduces measures to restrict mortgage availability in larger cities.