Things like buying real estate, home renos and vacations are taking a backseat to essential goods and services. inflation realestatenews cdnpoli angusreidorg
In past years, the same data has been considerably less disparaging. In March 2019, 55% of Canadians felt it was a bad time to make major purchases, while 29% felt it was a good time and 16% were unsure. In July of 2020, at the height of the pandemic, those numbers remained virtually unchanged, with 56% saying it was a bad time to make major purchases, 29% saying it was a good time and 16% unsure.
This month, the numbers saw a considerable shift. Not only did 75% of Canadians indicate that it is a bad time to make big purchases, but the number of confident consumers was sliced approximately in half. Only 15% of Canadians said that it is a good time to make big purchases and 10% said they are unsure.
With that said, it seems that confidence in the BoC’s measures to temper inflation remains high amongst high-income households and Liberal and Bloc voters.Zakiya is a staff writer with STOREYS. Previously, she has written about real estate for Post City Magazines, Apartment Therapy, and Curbed. She also writes a quarterly series for a Canadian design publication.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Fed hikes rates by 75 basis points to double down on inflation\u0027Ongoing increases\u0027 in borrowing costs are still ahead despite evidence of a slowing economy, the U.S. Federal Reserve said. Find out more.
Read more »
U.S. Fed raises rates by 75 basis points to double down on inflation - BNN BloombergU.S. Federal Reserve officials raised interest rates by 75 basis points for the second straight month, delivering the most aggressive tightening in more than a generation to curb surging inflation -- but risking a sharp blow to the economy.
Read more »
U.S. Fed hikes rates by 75 basis points to double down on inflation\u0027Ongoing increases\u0027 in borrowing costs are still ahead despite evidence of a slowing economy, the U.S. Federal Reserve said. Find out more.
Read more »
U.S. Fed hikes rates by 75 basis points to double down on inflation\u0027Ongoing increases\u0027 in borrowing costs are still ahead despite evidence of a slowing economy, the U.S. Federal Reserve said. Find out more.
Read more »
CNN Poll: 75% of Democratic Voters Don’t Want Biden as the 2024 CandidateNo matter how much Biden and his minions sugarcoat it, he is in big trouble in 2024 if he runs.
Read more »
U.S. Fed hikes rates by 75 basis points to double down on inflation\u0027Ongoing increases\u0027 in borrowing costs are still ahead despite evidence of a slowing economy, the U.S. Federal Reserve said. Find out more.
Read more »