Canadian Mortgage Professionals ~ October 7th, 2026
Canadians are bracing for higher prices even as their faith in the economy and the housing market fades. That combination complicates the Bank of Canada’s next interest rate decision and the conversations mortgage brokers are having with clients.
The Bloomberg Nanos Canadian Confidence Index fell to 50.45 in the four weeks ended Oct. 2, from 51.80 a month earlier, according to Nanos Research.
A reading of 50 marks the line between net optimism and net pessimism, so consumer confidence now sits at roughly neutral. That is well below the index’s long-run average of 54.67.
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