Toronto Regional Real Estate Board

Ontario Consumer Confidence

According to the Conference Board of Canada, consumer confidence in Ontario edged lower in April 2019.

A near-record percentage of respondents still expect employment levels to hold steady. Even so, there was an uptick in the level of those expecting deterioration in the labour market over the next six months, although levels are still lower than the highs seen in 2015.

A vast majority of Ontarians still expect their budgets to hold steady over the next six months. The number of consumers who thought their budgets would stay the same in six months was up in April, whereas the number of respondents who were unsure fell.

The percentage of consumers who thought it was a bad time to make a big-ticket purchase moved up in April as fewer respondents expressed uncertainty on this topic.

According to the Conference Board of Canada, consumer confidence in Ontario plummeted on a monthly basis in March 2020.

When asked about job prospects over the next six months, the number of respondents expressing pessimism rose sharply at the cost of fewer respondents expecting improvement and a steep decline in the number of those expecting stability.

Most consumers expect that their household budget will remain stable over the next six months, although the number of respondents expressing pessimism or uncertainty posted a strong gain. There was a noticeable decline in the number of respondents expecting their budget to remain stable or improve over the next six months.

Sentiment about making major purchases, like a home or a car, was down. Overall, the percentage of consumers who thought it was a bad time to make a major purchase rose in March as the percentage of those who were uncertain or thought it was a good time for major purchases tumbled.