Financial Security


Retirement Survey

Living for Today, Not Tomorrow: Majority (54%) Do Not Have A Financial Plan for Retirement.

The Pandemic Has Exacerbated the Situation, Impacting the Retirement Timelines of as Many as One in Four (23%) Non-Retirees.

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
Housing Survey

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)
Housing Survey

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%)

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

Sluggish Financial Confidence in Canada Compared to US Mirrors Comparatively Slow Vaccine Rollout

Canadians Taking the Opportunity to Establish Good Financial Habits, but Many Admit to Stumbling

Over Half (53%) of Canadian Households $200 or Less Away from Insolvency, Yet Still Optimistic about Financial Future

Over Four in Ten (44%) Afraid They Will Be in Financial Trouble If Interest Rates Go Up Much More

Advice Helping Canadians Navigate Financial Uncertainty During the Pandemic

Canadians are Reassessing their Financial Priorities as a Result of COVID-19

Pandemic Prompting Majority of Canadians to Focus More on Financial Security (65%), Protecting their Financial Future (73%)

Gen Z and Millennials Most in Need of Financial Stability, Grappling with Fallout from Pandemic Job and Income Loss