Consumer Behavior


RBC Financial Group 11th Annual Housing Study

Nine In Ten Homeowners Aware Of Borrowing
One-Quarter Have Done So And Another One-Third Would Be Comfortable Doing So

Homeowners With A Mortgage:

Two thirds (64%) Do Not Plan For Renovations When Buying Home
Three Quarters (74%) Have Undertaken Renovations Or Makeovers on Their Home

Canadian Millionaires Profiled

Over Half (57%) of Canadians With $1 Million or More in Financial Assets are Retired, Almost One-Third (31%)Own a Business
Nine-in-Ten (87%) Millionaire Households Expect to Make a Donation to a Charitable or Local Community Organization, and Over Half (52%) Intend to Volunteer Their Time

The Canadian Economic Confidence Index Up 9.33 Points To 109.18

Optimistic Interest Rate Predictions, Home Purchase Intentions, Low Job Anxiety, And Personal Economic Outlook Drive Confidence