Thunder Bay Real Estate Board

Ontario Consumer Confidence

According to the Conference Board of Canada, consumer confidence in Ontario dipped slightly in September 2021 after a historic run-up over the past year.

Concerning job prospects over the next six months, the number of respondents expressing pessimism continued to fall while there were more gains in the number of respondents expecting stability.

Regarding expectations for their household budget over the next six months, the number of respondents expecting stability rose to new record levels. There was an increase in the percentage of respondents expecting improvements in their household finances.

Sentiment about making major purchases, like a home or a car, remains at historically subdued levels but has been gradually improving over the past several months. The percentage of consumers who thought it was not a good time to make a major purchase ticked up slightly in September, as with the percentage of those who were uncertain.

* Based on 3-month moving averages.