Canadian Survey of Consumer Expectations—Second Quarter of 2023 https://www.bankofcanada.ca/?p=233769 1-year-ahead inflation expectations Inflation expectations for each horizon: What do you expect the rate of inflation (deflation) to be? Perceptions about current inflation: What do you think the rate of inflation (deflation) was over the last 12 months? 2-year-ahead inflation expectations Inflation expectations for each horizon: What do you expect the rate of inflation (deflation) to be? Perceptions about current inflation: What do you think the rate of inflation (deflation) was over the last 12 months? 5-year-ahead inflation expectations Inflation expectations for each horizon: What do you expect the rate of inflation (deflation) to be? Perceptions about current inflation: What do you think the rate of inflation (deflation) was over the last 12 months? Perceptions about current inflation Inflation expectations for each horizon: What do you expect the rate of inflation (deflation) to be? Perceptions about current inflation: What do you think the rate of inflation (deflation) was over the last 12 months? High government spending Supply chain issues 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 2021Q2 2021Q3 2021Q4 2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 Deflation Inflation between 0% and 5% Inflation above 5% Deflation Inflation between 0% and 5% Inflation above 5% Deflation Inflation between 0% and 5% Inflation above 5% Deflation Inflation between 0% and 5% Inflation above 5% Most pressing concern Increase a lot Increase a little Remain the same Decrease a little Decrease a lot Not sure/don't know Expecting mortgage payments to increase a lot Expecting mortgage payments to increase a little Economic growth Stable or little change to economic conditions Recession 2022Q4 2023Q1 2023Q2 Atlantic By about what percent do you expect the average home price in your area to increase (decrease)? Quebec By about what percent do you expect the average home price in your area to increase (decrease)? Ontario By about what percent do you expect the average home price in your area to increase (decrease)? Manitoba By about what percent do you expect the average home price in your area to increase (decrease)? Saskatchewan By about what percent do you expect the average home price in your area to increase (decrease)? Alberta By about what percent do you expect the average home price in your area to increase (decrease)? British Columbia By about what percent do you expect the average home price in your area to increase (decrease)? Canada By about what percent do you expect the average home price in your area to increase (decrease)? Average 2023Q1 2023Q2 Immigrants to Canada Canadian born, average Saving more No change Saving less Not saving 2023Q2 2023Q2 My workload has decreased My workload has stayed the same My workload has increased Expected wage growth, next 12 months, private sector goods Expected wage growth, next 12 months, public sector services Expected wage growth, next 12 months, private sector services Fixed-rate mortgage holders Variable-rate mortgage holders All respondents 2.913.032.4130.6425.6321.308.166.625.37.465.726.95.762.132.1 2.082.912.0425.9125.7022.1713.063.124.010.762.127.28.560.630.8 2.512.933.722.0329.1027.7320.5710.064.825.17.365.427.35.264.430.48.150.941.0 2.202.753.672.0628.4233.0323.0212.261.326.512.161.826.19.760.330.09.550.540.0 2.182.933.622.0323.4122.0119.1010.564.125.58.863.827.57.063.229.88.850.440.8 2.492.893.172.0827.3624.6921.7211.060.528.59.261.529.37.660.931.510.649.240.2 2.092.853.322.043.755.534.272.561.6211.151.794.8926.9924.5022.529.263.926.98.364.527.15.362.232.58.051.540.5 2.082.763.952.043.125.424.102.100.335.562.554.3828.0731.1725.669.165.625.37.366.626.06.664.928.510.245.844.1 2.542.943.902.032.985.422.730.100.495.162.644.2532.0727.7929.108.267.124.77.064.328.75.563.630.910.545.144.4 2.442.923.832.062.907.172.91-0.092.264.892.584.7027.0422.0624.127.267.125.75.267.127.66.464.129.49.550.640.0 2.202.763.592.053.509.014.302.782.267.143.654.9127.3627.1024.877.968.123.97.966.325.86.864.428.89.149.841.2 2.082.753.962.013.254.312.171.462.768.063.104.2432.6436.2028.088.068.723.35.767.626.76.165.628.49.149.341.6 2.232.833.622.033.294.962.531.403.788.322.924.6929.9937.6926.185.172.422.54.670.624.94.667.627.88.251.240.6 2.713.134.092.434.114.894.221.842.828.572.344.5037.0636.3530.384.171.824.14.268.427.44.761.433.98.845.745.6 2.893.324.262.594.354.574.011.372.475.282.894.322.841.783.3132.8136.2328.865.668.425.95.765.628.86.159.834.18.843.947.3 2.933.013.942.453.934.772.861.382.384.703.154.522.341.952.4734.9431.7526.404.870.524.75.367.627.15.862.232.08.947.343.8 2.542.983.932.274.294.402.860.271.353.402.293.612.301.952.9225.4225.1920.546.768.624.77.667.525.06.063.330.711.047.042.1 2.642.993.972.344.094.742.22-0.171.554.253.473.722.471.892.5531.7123.6024.067.565.926.68.064.827.27.859.532.610.944.844.4 2.572.973.822.104.194.733.130.501.412.482.673.802.371.622.3625.1729.8821.337.068.624.47.066.426.57.361.531.29.548.841.7 2.422.873.912.014.254.572.091.271.742.242.373.952.381.842.1225.7629.7220.559.163.527.59.962.627.49.959.430.711.446.142.5 2.232.913.572.074.405.134.161.300.744.753.604.4525.7224.4320.447.468.823.87.866.925.37.064.128.910.149.140.9 2.492.943.922.104.955.962.641.331.494.273.044.792.981.852.4720.3520.2319.667.463.828.87.563.129.47.258.734.28.945.945.2 2.753.013.252.040.700.990.20-1.37-4.31-0.310.270.031.941.251.8419.8123.1717.8621.453.425.222.245.931.914.749.036.312.746.441.0 2.222.953.552.034.345.134.531.920.614.273.554.672.131.501.8518.4719.9616.6319.453.926.714.254.930.910.854.334.913.045.042.0 2.863.003.122.025.205.693.612.621.284.764.764.982.131.562.3517.8526.9718.4219.353.527.213.153.633.312.254.333.513.547.339.3 2.102.993.732.015.296.274.362.182.505.934.925.322.121.292.6216.458.125.510.760.828.59.455.734.910.247.742.1 3.073.003.112.218.606.965.294.594.826.486.265.732.151.712.0810.958.330.87.156.236.711.154.434.613.548.837.7 3.723.063.093.015.415.624.304.404.326.055.045.302.161.212.308.958.632.57.853.938.311.553.235.313.645.041.4 4.884.103.544.095.388.753.074.774.735.815.545.722.921.922.124.849.545.75.640.154.39.943.247.016.040.943.1 5.074.623.235.036.049.006.254.415.128.938.737.123.461.842.645.235.659.25.930.164.012.637.250.317.939.742.4 18.9137.89 6.825.024.006.067.097.735.394.205.157.127.376.003.091.582.7421.7027.1020.673.321.175.74.820.574.812.330.057.718.634.646.8 22.9241.76 7.115.223.447.962.750.702.842.551.811.591.941.804.021.723.4228.2320.9322.602.614.383.18.514.976.719.422.757.928.128.942.9 20.8834.67 7.185.143.107.942.000.641.141.741.800.102.701.453.921.562.8222.7626.7319.792.112.585.49.114.476.619.522.558.026.432.840.7 21.7929.26 6.014.242.897.112.552.242.232.062.362.223.942.334.221.703.1318.2825.1918.593.714.282.110.920.069.124.027.948.129.131.939.0 21.3430.81 5.093.932.897.024.034.633.333.594.064.564.404.343.431.972.7121.1131.5620.094.215.979.914.625.559.924.731.344.025.038.736.3 22.9722.66 4.929.485.244.865.325.715.537.089.539.485.005.995.515.58 5.157.765.535.285.235.515.446.328.559.146.568.357.456.55 4.364.674.553.764.054.604.985.657.549.256.317.435.745.64 5.414.695.144.965.366.925.469.089.429.599.199.329.179.19 48 13 10 8 3 2 3 2 12 23.0542.1026.683.501.972.71 28.4638.5225.205.070.002.75 13.3439.3927.4212.121.356.38 4941 3636 319 1515 2611 513 17.4914.4915.20 9.046.995.39 2.803.990.14 20.9917.8011.32 14.8727.2157.92 16.4233.1850.39 18.6621.8920.71 11.3417.1813.18 13.3814.1413.15 16.3315.6216.66 3.0468.05 24.7368.05 35.4868.05 35.5568.05 26.7768.05 40.1268.05 47.6168.05 50.9068.05 60.9268.05 62.3368.05 68.9168.05 52.2668.05 67.9468.05 67.6268.05 69.9968.05 75.5068.05 68.9268.05 75.9668.05 68.4268.05 70.5168.05 60.2268.05 71.6568.05 76.9268.05 68.5468.05 65.4668.05 62.2968.05 75.1268.05 72.0168.05 77.3168.05 86.8268.05 81.7368.05 66.8268.05 74.0268.05 85.1868.05 81.7868.05 82.2668.05 77.7568.05 100.0068.05 100.0068.05 78.3368.05 93.4268.05 82.0368.05 87.6068.05 92.5568.05 85.5468.05 83.8168.05 92.5668.05 84.3568.05 85.2968.05 67.7268.05 84.9468.05 87.7368.05 78.3568.05 76.5168.05 70.5068.05 81.4068.05 76.0768.05 43.7868.05 90.8368.05 81.4768.05 100.0068.05 93.4168.05 77.7768.05 88.2968.05 72.1968.05 70.6868.05 92.9068.05 77.0268.05 81.5168.05 70.9868.05 72.1768.05 60.1215.0715.888.92 31.4731.2124.5312.78 31.8834.0819.1414.91 253045 55639 73064 42 49 7 2 11 9 8 14