Prince Edward Island Real Estate Association

Atlantic Consumer Confidence

According to the Conference Board of Canada, consumer confidence in the Atlantic region was up on a monthly basis in January 2020.

The vast majority of consumers are expecting stability in the labour market over the next six months. There was a rise in the level of those expressing pessimism and uncertainty in labour market conditions over the next six months, whereas the number of respondents expecting stability fell from record highs.

A vast majority of households in the Atlantic region expect budget stability over the coming months. Those expecting better conditions rose sharply in January as the number of those expecting worse conditions regarding their household budget declined.

Sentiment about making a major purchase (e.g. a home or a car) declined from the previous month. The increase in the number of respondents expressing uncertainty came in favour of fewer respondents expressing optimism, although this relationship has seesawed over the past several months.