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One-Third (32%) of Canadians Plan to Spend More Than Normal, As Pent-Up Pandemic Spending Finds Outlets
Continued Variation in Pandemic Recovery -- Half (49%) Report Improvement in Debt Situation, While One-Third (30%) Report Worsening Debt Situation
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What She-cession? Canadians Point to Divisions Between Rich and Poor as Major Social Tension, Downplay Gender Divide
Seven in ten (69%) recognize tension between rich and poor, 37% note tension between men and women
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2021 Financial Confidence Index
Fifth edition of the IG Financial Confidence Index shows that Canadians are beginning to be more optimistic
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One Quarter of Canadians (26%) are Not Confident That Their Family Would Be Able to Pay for Mortgage/Rent/Housing Costs, If They Were to Pass Away
Since the pandemic, Canadians are having more frequent conversations about difficult topics
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The Housing Crisis in Canada: Three-Quarters (75%) of Canadians Who Don’t Own A Home but Want to Buy One, Say They Can’t Afford to
Three-fifths (61%) Report That Their Cost of Living Has Increased, Over the Past Year, Suggesting That Wages Might Not Be Keeping Up with Inflation
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Ipsos Canada study reports new trends in wealth, accelerated by 2020 disruption
On average, Canadians enjoyed a 14% increase in wealth in 2020. Will they be able to maintain this momentum in 2021?
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Most Canadians are unlikely to recommend their insurance companies in today’s climate
Fewer than 25% of Canadians are satisfied with level of personalized communication
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Likely Home Sellers in Ontario Anticipate 15% Higher Sales Price Amidst Stable Selling Intentions (18%, -1)
Citing Favourable Market and Timing as Main Motivations to List, More Sellers Not Willing to Go Below Asking Price (27%, +10)
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Home Buying Intentions in Ontario Hold Steady (19%), With Likely Buyers Anticipating Paying 12% More for a Home in the Next Year
Main Reasons for Home Buying Include Needing More Space (21%), Low Interest Rates (12%), and Life Changes Due to Pandemic (9%)
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Government Disservice: Most (79%) Older Canadians Think Government-Run Savings Plans, Such As RRSP, CPP & OAS, Don’t Adequately Prepare Them for Retirement
Nearly Half (45%) Believe Accessing the Equity in Their Homes Should Be a Part of Retirement Planning