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CANADIANS FEELING LESS PESSIMISTIC ABOUT THEIR FINANCIAL POSITIONS, EAGERLY EYING RATE CUTS TO REENTER HOUSING MARKET
CANADIANS FEELING LESS PESSIMISTIC ABOUT THEIR FINANCIAL POSITIONS, EAGERLY EYING RATE CUTS TO RE...
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[{"type":"text","content":"\n \n \n \n CANADIANS FEELING LESS PESSIMISTIC ABOUT THEIR FINANCIAL POSITIONS, EAGERLY EYING RATE CUTS TO REENTER HOUSING MARKET\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Nearly two-in-five Canadians believe that\n \n Canada\n \n is currently in a recession.\n \n \n Despite economic uncertainty, more Canadians in Q1 2024 feel that they are in a better financial position than they were a year ago compared to Q4 2023.\n \n \n More Canadians are planning to wait until interest rates drop to buy or sell a house or property compared to Q4 2023.\n \n \n Only a quarter of Canadians feel comfortable with skilled professionals utilizing AI to support their services – but say education is key to acceptance.\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n April 4, 2024\n \n \n /CNW/ - Canadians are still feeling the looming specter of a potential recession and the burden of high interest rates on their everyday spending habits. However, a growing number say they feel they are in a better financial position compared to a year ago.\n \n \n \n \n \n \n \n \n \n According to the Dye & Durham Canadian Pulse Report for Q1 2024, which surveyed 1,015 Canadians on economic, technological, and real estate trends via the online Angus Reid Forum, continued delays in rate cuts have led to more than a quarter of Canadians expressing intentions to wait for better borrowing conditions to drop before engaging in real estate transactions. However, anticipated interest rate cuts in the coming months, coupled with Canadians' optimism regarding their financial situations, suggests that activity in the real estate market is poised to grow quickly once rates start to decline.\n \n \n \n Canadians' confidence in the economic outlook for 2024 has grown increasingly divided\n \n \n \n Nearly four-in-ten (39%) Canadians say they believe\n \n Canada\n \n is already in a recession, up from 31% in Q4 2023 and 32% in Q3 2023. However, there is also a notable increase in optimism about the short-term strength of the economy with 20% of respondents bel...