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There is some evidence that the housing market in many urban markets have cooled. This cooling offers some hope for those who still want to enter the market but no doubt also generate some fear among those who paid premium home prices over the past few years. A series of public opinion surveys shows our…
![Canadians Planning to Spend Less on Home Renos [CIBC]](https://pollingguru.ca/wp-content/uploads/2018/06/qtq80-O7gYRa-768x1151.jpeg)
Renovations | Declining Spend Planned Renovation spending is an interesting bellwether for the housing market and the economy. Investing in one’s home is discretionary to some extent so declining planned spending is an indicator of a lack of financial resources/ elevated worry. That said, the renovation market is also strongly related to housing prices and…
Canadians are telling pollsters that they intend to spend more money this year than last. $653 on gifts this year (up about $100 from last year) according to a survey by RetailMeNot. $643 on holiday shopping (up 8% from last year) according to a CIBC survey. The polls ask the questions slightly differently but across…
