Chilliwack & District Real Estate Board

British Columbia Consumer Confidence

According to the Conference Board of Canada consumer confidence in British Columbia dropped in April 2021.

Concerning job prospects over the next six months, the number of respondents expressing optimism moved lower in favour of more respondents expressing uncertainty over the short-term future of employment prospects.

Regarding expectations for their household budget over the next six months, the number of respondents expecting stability remained at elevated levels. There were less respondents expressing optimism about their household finances compared to the previous month.

Sentiment about making major purchases, like a home or a car, dropped in April. The overall percentage of consumers who thought it was a bad time to make a major purchase moved up from the previous month, while the percentage of those who were uncertain or thought it was a good time to make a major purchase declined.