New Brunswick Real Estate Association

Atlantic Consumer Confidence

According to the Conference Board of Canada, consumer confidence in the Atlantic region bounced in January 2023 from its lowest level on record in the previous month.

Concerning job prospects over the next six months, the number of respondents expressing optimism over the near future of job prospects moved higher in January compared to the previous month. There were fewer respondents expecting stability regarding the future of the job market.

Regarding expectations for their household budget over the next six months, the number of respondents expecting deterioration was little changed in January but remained historically elevated. The number of respondents expressing optimism regarding their household finances continues to gradually decline.

Sentiment about making major purchases, like a home or a car, remains at historically subdued levels. The overall percentage of consumers who thought it was a good time to make a major purchase remained at the lowest levels on record in January, while the percentage of those who thought it was a bad time to do so remained elevated.

Note: Based on 3-month moving averages.


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