{"id":1055051,"date":"2025-03-20T13:00:22","date_gmt":"2025-03-20T17:00:22","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=1055051"},"modified":"2025-05-13T18:40:50","modified_gmt":"2025-05-13T22:40:50","slug":"personal-finance-statistics","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/personal-loans\/personal-finance-statistics","title":{"rendered":"Canadian personal finance statistics for 2025"},"content":{"rendered":"<p>From trade wars to volatile markets to job uncertainties to food prices, Canadians undoubtedly have a lot on their minds these days, and many of these issues tie back to what\u2019s in\u2013or what isn\u2019t in\u2013their bank accounts.<\/p><p>If you\u2019re feeling uneasy with your finances, you\u2019re not alone. In this article, we take a closer look at Canadian attitudes towards money, including top financial issues, most stressful bills and expenses, and overall confidence levels in their financial future.<\/p><div class=\"box\"><h3>Canadian personal finance highlights: Statistics<\/h3><ul><li style=\"padding-top: 14px;\">Thirty percent of Canadians reported being in a <strong>stronger financial position<\/strong> than 12 months prior, a slight decrease from 33% the previous year. Conversely, 30% felt their financial position had <strong>weakened<\/strong>, up from 27% the previous year. \u200b<\/li><li style=\"padding-top: 14px;\">The primary financial concern for Canadians was <strong>affording everyday expenses<\/strong> (43%), followed by growing investments (35%) and increasing income (31%). \u200b<\/li><li style=\"padding-top: 14px;\"><strong>Groceries<\/strong> were the most stressful expense for Canadians (51%), with rent (27%) and utility bills (26%) also causing significant stress. \u200b<\/li><li style=\"padding-top: 14px;\">From 2020 to 2025, <strong>inflation<\/strong> in Canada rose by 17.91%. A basket of goods that cost $100 in 2020 would now cost $117.91. \u200b<\/li><li style=\"padding-top: 14px;\">When faced with a <strong>$1,000<\/strong> <strong>emergency expense<\/strong>, 53% of Canadians could cover it without needing a loan or advance. Among those who would need credit, 15% would use a credit card, 10% would borrow from a relative or friend and 8% would use a line of credit. \u200b<\/li><li style=\"padding-top: 14px;\">Fifty-four percent of Canadians planned to take out some form of <strong>credit<\/strong> in the next three months. The most popular choices were credit cards (12%) and lines of credit (11%), while business loans (3%), debt consolidation loans (3%) and payday loans (4%) were the least popular. \u200b<\/li><li style=\"padding-top: 14px;\"><strong>Confidence levels<\/strong> varied, with 30% of Canadians feeling very (20%) or extremely (10%) confident about their financial future. Another 30% felt only slightly (20%) or not at all (10%) confident, while 40% reported moderate confidence.<\/li><\/ul><\/div><h3>Are Canadians in a stronger financial position now than 12 months ago?<\/h3><p>In the <i>Finder: Consumer Sentiment Survey January 2025<\/i>, <b>30%<\/b> of Canadians said they were in a stronger financial position than 12 months ago. This was a slight decrease from last year, where 33% of Canadians said the same.<\/p><p>In contrast, <b>30% <\/b>of Canadians said they were <strong>not<\/strong> in a stronger financial position, up from 27% the previous year. This suggests that Canadians\u2019 confidence in their finances partially eroded in 2024.<\/p><iframe id=\"datawrapper-chart-Fdtwp\/1\/\" title=\"Are Canadians in a stronger financial position?\" width=\"100%\" scrolling=\"no\" src=\"https:\/\/datawrapper.dwcdn.net\/WvrwL\/1\/\" loading=\"lazy\"><\/iframe><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000000\" data-toggle=\"collapse\" data-target=\"#accordion0000000000\">\n        <span class=\"luna-accordion__title\">Table<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000000\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 40%;\" scope=\"col\">Category<\/th><th style=\"text-align: left; width: 30%;\" scope=\"col\">January 2024<\/th><th style=\"text-align: left; width: 30%;\" scope=\"col\">January 2025<\/th><\/tr><\/thead><tbody><tr><td>Yes<\/td><td>33%<\/td><td>30%<\/td><\/tr><tr><td>No<\/td><td>27%<\/td><td>30%<\/td><\/tr><tr><td>About the same<\/td><td>34%<\/td><td>38%<\/td><\/tr><tr><td>Not sure<\/td><td>5%<\/td><td>2%<\/td><\/tr><\/tbody><\/table><\/div>\n  <\/div>\n<\/li><\/ul><p>In a January 2025 financial well-being survey by the Financial Consumer Agency of Canada (FCAC), 56% of Canadians reported an increase in stress in the last 12 months.<\/p><h3>Which financial issues do Canadians think about the most?<\/h3><p>Since the peak of COVID, inflation has been a recurring topic at the table for many Canadians, and even today, it\u2019s still the most pressing issue. Affording everyday expenses was the top answer (<b>43%<\/b>) when we asked Canadians which financial issues occupied their minds the most, followed by growing their investments (35%) and increasing their income (31%).<\/p><p>The least preferred answers were expanding the family (2%) and finding a financially compatible partner (2%).<\/p><iframe id=\"datawrapper-chart-N6VYi\/4\/\" title=\"Financial issues Canadians think about the most\" width=\"100%\" scrolling=\"no\" src=\"https:\/\/datawrapper.dwcdn.net\/N6VYi\/4\/\" loading=\"lazy\"><\/iframe><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000001\" data-toggle=\"collapse\" data-target=\"#accordion0000000001\">\n        <span class=\"luna-accordion__title\">Table<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000001\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 40%;\" scope=\"col\">Category<\/th><th style=\"text-align: left; width: 30%;\" scope=\"col\">Percentage<\/th><\/tr><\/thead><tbody><tr><td>Affording everyday expenses<\/td><td>43%<\/td><\/tr><tr><td>Growing my investments<\/td><td>35%<\/td><\/tr><tr><td>Increasing my income<\/td><td>31%<\/td><\/tr><tr><td>Preparing for retirement<\/td><td>30%<\/td><\/tr><tr><td>Building up my emergency fund<\/td><td>29%<\/td><\/tr><tr><td>Managing my debt<\/td><td>18%<\/td><\/tr><tr><td>Reducing my spending<\/td><td>15%<\/td><\/tr><tr><td>Supporting family<\/td><td>14%<\/td><\/tr><tr><td>Finding a job<\/td><td>12%<\/td><\/tr><tr><td>Buying a home<\/td><td>12%<\/td><\/tr><tr><td>Increasing my knowledge of finances<\/td><td>7%<\/td><\/tr><tr><td>Keeping my job<\/td><td>6%<\/td><\/tr><tr><td>Expanding my family<\/td><td>2%<\/td><\/tr><tr><td>Finding a financially compatible partner<\/td><td>2%<\/td><\/tr><\/tbody><\/table><\/div>\n  <\/div>\n<\/li><\/ul><h3>Which bills or expenses are causing Canadians the most financial stress?<\/h3><p>Unsurprisingly, groceries topped the list (<b>51%<\/b>) for Canadians when asked which bills or expenses were causing them the most financial stress, followed by rent (27%) and utility bills (26%).<\/p><p>Canadians are also experiencing financial debt stress, placing mortgage payments and non-mortgage payments in fourth (21%) and fifth (16%), respectively.<\/p><p>Entertainment costs (e.g., eating out, social events, sports) were the least stressful, ranking last on the list (7%). According to the RBC Consumer Spending Tracker, Canadians made fewer dinner reservations in December 2024 (-0.4%) and January 2025 (-1.2%), based on seasonally adjusted data.<\/p><iframe id=\"datawrapper-chart-EqwHF\/2\/\" title=\"Bills or expenses causing Canadians stress\" width=\"100%\" scrolling=\"no\" src=\"https:\/\/datawrapper.dwcdn.net\/EqwHF\/2\/\" loading=\"lazy\"><\/iframe><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000002\" data-toggle=\"collapse\" data-target=\"#accordion0000000002\">\n        <span class=\"luna-accordion__title\">Table<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000002\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 40%;\" scope=\"col\">Category<\/th><th style=\"text-align: left; width: 30%;\" scope=\"col\">Percentage<\/th><\/tr><\/thead><tbody><tr><td>Groceries<\/td><td>51%<\/td><\/tr><tr><td>Rent<\/td><td>27%<\/td><\/tr><tr><td>Utility bills<\/td><td>26%<\/td><\/tr><tr><td>Mortgage payments<\/td><td>21%<\/td><\/tr><tr><td>Non-mortgage debt payments (e.g., credit cards, student loans, personal loans)<\/td><td>16%<\/td><\/tr><tr><td>There are no bills or expenses causing me financial stress<\/td><td>15%<\/td><\/tr><tr><td>Phone or internet bills<\/td><td>14%<\/td><\/tr><tr><td>Car or home insurance payments<\/td><td>13%<\/td><\/tr><tr><td>Medical\/dental bills<\/td><td>11%<\/td><\/tr><tr><td>Car or home repairs<\/td><td>10%<\/td><\/tr><tr><td>Travel (e.g. accommodation, fare)<\/td><td>8%<\/td><\/tr><tr><td>Entertainment costs (e.g., eating out, social events, sports)<\/td><td>7%<\/td><\/tr><\/tbody><\/table><\/div>\n  <\/div>\n<\/li><\/ul><h3>Inflation in Canada<\/h3><p><a href=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/02\/GreenShoppingBasket_Finder_500x500.png\"><img decoding=\"async\" class=\"wp-image-1053779 alignright\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/02\/GreenShoppingBasket_Finder_500x500.png\" alt=\"Green shopping basket\" width=\"125\" height=\"125\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/02\/GreenShoppingBasket_Finder_500x500.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/02\/GreenShoppingBasket_Finder_500x500.png?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/02\/GreenShoppingBasket_Finder_500x500.png?fit=375 375w\" sizes=\"(max-width: 375px) 100vw, 375px\" loading=\"lazy\"><\/a>Affording everyday expenses, grocery shopping stress, rent anxieties\u2013these can be linked to inflation in Canada, which rose by 17.91% from 2020 to 2025, according to the central bank. A basket of goods that would have cost $100 in 2020 would cost $117.91 today.<\/p><p>Below is a snapshot of average prices in Toronto in 2020 vs 2025, according to Numbeo\u2019s database on cost of living.<\/p><h4>Cost of living in Toronto in 2020 vs 2025<\/h4><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 40%;\" scope=\"col\">Item<\/th><th style=\"text-align: left; width: 20%;\" scope=\"col\">2020<\/th><th style=\"text-align: left; width: 20%;\" scope=\"col\">2025<\/th><th style=\"text-align: left; width: 20%;\" scope=\"col\">Increase or decrease<\/th><\/tr><\/thead><tbody><tr><td>Onions (1kg)<\/td><td>$2.58<\/td><td>$4.27<\/td><td><a href=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\"><img decoding=\"async\" class=\"alignnone wp-image-1055099\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\" alt=\"Picture not described\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/a> 65.50%<\/td><\/tr><tr><td>Dozen eggs (regular)<\/td><td>$3.44<\/td><td>$4.91<\/td><td><a href=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\"><img decoding=\"async\" class=\"alignnone wp-image-1055099\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\" alt=\"Picture not described\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/a> 42.73%<\/td><\/tr><tr><td>McMeal<\/td><td>$11.44<\/td><td>$15.00<\/td><td><a href=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\"><img decoding=\"async\" class=\"alignnone wp-image-1055099\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\" alt=\"Picture not described\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/a> 31.12%<\/td><\/tr><tr><td>Loaf of fresh white bread (500g)<\/td><td>$2.85<\/td><td>$3.81<\/td><td><a href=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\"><img decoding=\"async\" class=\"alignnone wp-image-1055099\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\" alt=\"Picture not described\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/a> 33.68%<\/td><\/tr><tr><td>Milk (regular, 1 litre)<\/td><td>$3.13<\/td><td>$3.98<\/td><td><a href=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\"><img decoding=\"async\" class=\"alignnone wp-image-1055099\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\" alt=\"Picture not described\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/a> 27.16%<\/td><\/tr><tr><td>Domestic beer (0.5-litre bottle)<\/td><td>$3.34<\/td><td>$8.00<\/td><td><a href=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\"><img decoding=\"async\" class=\"alignnone wp-image-1055099\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\" alt=\"Picture not described\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/a> 139.52%<\/td><\/tr><tr><td>Chicken fillets (1kg)<\/td><td>$13.55<\/td><td>$17.44<\/td><td><a href=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\"><img decoding=\"async\" class=\"alignnone wp-image-1055099\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\" alt=\"Picture not described\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/a> 28.71%<\/td><\/tr><tr><td>Basic utilities (monthly)<\/td><td>$154.72<\/td><td>$142.42<\/td><td><a href=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/DownRedArrow_Finder_100x100.png\"><img decoding=\"async\" class=\"alignnone wp-image-1055098\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/DownRedArrow_Finder_100x100.png\" alt=\"red down arrow\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/DownRedArrow_Finder_100x100.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/a> 7.95%<\/td><\/tr><tr><td>1-bedroom apartment in city centre (monthly rent)<\/td><td>$2,179.52<\/td><td>$2,525.66<\/td><td><a href=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\"><img decoding=\"async\" class=\"alignnone wp-image-1055099\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\" alt=\"Picture not described\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/a> 15.88%<\/td><\/tr><tr><td>1-bedroom apartment outside city centre (monthly rent)<\/td><td>$1,780.53<\/td><td>$2,114.48<\/td><td><a href=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\"><img decoding=\"async\" class=\"alignnone wp-image-1055099\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\" alt=\"Picture not described\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/a> 18.76%<\/td><\/tr><tr><td>3-bedroom apartment in city centre (monthly rent)<\/td><td>$3,520.65<\/td><td>$4,084.26<\/td><td><a href=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\"><img decoding=\"async\" class=\"alignnone wp-image-1055099\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\" alt=\"Picture not described\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/a> 16.01%<\/td><\/tr><tr><td>3-bedroom apartment outside city centre (monthly rent)<\/td><td>$2,710.11<\/td><td>$3,342.36<\/td><td><a href=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\"><img decoding=\"async\" class=\"alignnone wp-image-1055099\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\" alt=\"Picture not described\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/a> 23.33%<\/td><\/tr><\/tbody><\/table><h3>Real estate in Canada<\/h3><p><a href=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/HouseIcon_500x500.png\"><img decoding=\"async\" class=\"wp-image-1055077 alignright\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/HouseIcon_500x500.png\" alt=\"House icon\" width=\"105\" height=\"105\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/HouseIcon_500x500.png?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/HouseIcon_500x500.png?fit=315 315w\" sizes=\"(max-width: 315px) 100vw, 315px\" loading=\"lazy\"><\/a>For the past 20 years or so, many Canadians have shared an ambition in buying, owning and investing in property, and many stories have been shared of nerve-wracking bidding wars and significant market value gains. Since around February 2022, however, real estate prices have softened in some key markets.<\/p><p>Below is a snapshot of benchmark prices of a single family home in major cities in February 2022 vs January 2025, based on the MLS\u00ae Home Price Index\u2019s seasonally adjusted data.<\/p><h4>Real estate benchmark prices in Canada: February 2022 vs January 2025<\/h4><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 40%;\" scope=\"col\">Market<\/th><th style=\"text-align: left; width: 20%;\" scope=\"col\">February 2022<\/th><th style=\"text-align: left; width: 20%;\" scope=\"col\">January 2025<\/th><th style=\"text-align: left; width: 20%;\" scope=\"col\">Increase or decrease<\/th><\/tr><\/thead><tbody><tr><td>Greater Toronto<\/td><td>$1,549,900<\/td><td>$1,316,500<\/td><td><a href=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/DownRedArrow_Finder_100x100.png\"><img decoding=\"async\" class=\"alignnone wp-image-1055098\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/DownRedArrow_Finder_100x100.png\" alt=\"red down arrow\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/DownRedArrow_Finder_100x100.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/a> 15.06%<\/td><\/tr><tr><td>Greater Vancouver<\/td><td>$2,067,800<\/td><td>$2,054,400<\/td><td><a href=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/DownRedArrow_Finder_100x100.png\"><img decoding=\"async\" class=\"alignnone wp-image-1055098\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/DownRedArrow_Finder_100x100.png\" alt=\"red down arrow\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/DownRedArrow_Finder_100x100.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/a> 0.65%<\/td><\/tr><tr><td>Montreal<\/td><td>$621,900<\/td><td>$651,500<\/td><td><a href=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\"><img decoding=\"async\" class=\"alignnone wp-image-1055099\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\" alt=\"Picture not described\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/a> 4.76%<\/td><\/tr><tr><td>Calgary<\/td><td>$569,600<\/td><td>$695,100<\/td><td><a href=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\"><img decoding=\"async\" class=\"alignnone wp-image-1055099\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\" alt=\"Picture not described\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/a> 22.03%<\/td><\/tr><tr><td>Winnipeg<\/td><td>$379,600<\/td><td>$390,500<\/td><td><a href=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\"><img decoding=\"async\" class=\"alignnone wp-image-1055099\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\" alt=\"Picture not described\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/a> 2.87%<\/td><\/tr><tr><td>Halifax-Dartmouth<\/td><td>$558,700<\/td><td>$568,100<\/td><td><a href=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\"><img decoding=\"async\" class=\"alignnone wp-image-1055099\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png\" alt=\"Picture not described\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/UpGreenArrow_Finder_100x100.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/a> 1.68%<\/td><\/tr><tr><td>Ottawa<\/td><td>$795,400<\/td><td>$730,500<\/td><td><a href=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/DownRedArrow_Finder_100x100.png\"><img decoding=\"async\" class=\"alignnone wp-image-1055098\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/DownRedArrow_Finder_100x100.png\" alt=\"red down arrow\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/DownRedArrow_Finder_100x100.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/a> 8.16%<\/td><\/tr><tr><td>Hamilton-Burlington<\/td><td>$1,128,600<\/td><td>$905,500<\/td><td><a href=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/DownRedArrow_Finder_100x100.png\"><img decoding=\"async\" class=\"alignnone wp-image-1055098\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/DownRedArrow_Finder_100x100.png\" alt=\"red down arrow\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/DownRedArrow_Finder_100x100.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/a> 19.78%<\/td><\/tr><tr><td>Victoria<\/td><td>$1,246,900<\/td><td>$1,168,800<\/td><td><a href=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/DownRedArrow_Finder_100x100.png\"><img decoding=\"async\" class=\"alignnone wp-image-1055098\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/DownRedArrow_Finder_100x100.png\" alt=\"red down arrow\" width=\"20\" height=\"20\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/03\/DownRedArrow_Finder_100x100.png?fit=60 60w\" sizes=\"(max-width: 60px) 100vw, 60px\" loading=\"lazy\"><\/a> 6.26%<\/td><\/tr><\/tbody><\/table><h3>Where are Canadians planning to invest in the next 2 years?<\/h3><p>The appetite for real estate investing seems to have weakened alongside prices. Real estate only placed eighth as the preferred investment option (<b>11%<\/b>) among Canadians for the next two years, even trailing behind cryptocurrency (19%) and having no investment plans (18%).<\/p><p>The top five investment choices for Canadians were stocks (33%), high interest savings accounts (28%), GICs (27%), mutual funds (27%) and ETFs (20%).<\/p><iframe id=\"datawrapper-chart-9IGuB\/1\/\" title=\"Where are Canadians investing in the next 2 years?\" width=\"100%\" scrolling=\"no\" src=\"https:\/\/datawrapper.dwcdn.net\/9IGuB\/1\/\" loading=\"lazy\"><\/iframe><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000003\" data-toggle=\"collapse\" data-target=\"#accordion0000000003\">\n        <span class=\"luna-accordion__title\">Table<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000003\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 40%;\" scope=\"col\">Category<\/th><th style=\"text-align: left; width: 30%;\" scope=\"col\">Percentage<\/th><\/tr><\/thead><tbody><tr><td>Stocks<\/td><td>33%<\/td><\/tr><tr><td>High Interest Savings Accounts<\/td><td>28%<\/td><\/tr><tr><td>GICs<\/td><td>27%<\/td><\/tr><tr><td>Mutual Funds<\/td><td>27%<\/td><\/tr><tr><td>ETFs<\/td><td>20%<\/td><\/tr><tr><td>Cryptocurrency<\/td><td>19%<\/td><\/tr><tr><td>No plans to invest in the next two years<\/td><td>18%<\/td><\/tr><tr><td>Real Estate<\/td><td>11%<\/td><\/tr><tr><td>Bonds<\/td><td>10%<\/td><\/tr><tr><td>Real Estate Investment Trusts (REITs)<\/td><td>5%<\/td><\/tr><\/tbody><\/table><\/div>\n  <\/div>\n<\/li><\/ul><h3>Are Canadians on track to pay off their mortgage?<\/h3><p>More than half of Canadians (<strong>53%<\/strong>) do not have a mortgage, while 4 in 10 (<b>39%<\/b>) are meeting their mortgage commitments, saying they\u2019re on track to pay off their mortgage on time or early. Less than 1 in 10 of Canadians (<b>8%<\/b>) say they\u2019re not on track to pay off their mortgage.<\/p><p>This appears to be an improvement from the FCAC\u2019s July 2023 homeowner well-being survey, where two-thirds of mortgage holders reported having trouble meeting their financial commitments.<\/p><p>These results are unsurprising, given that the Bank of Canada carried out a series of rate hikes in 2022 and the first half of 2023 and withheld rate cuts until mid-2024. Back in January 2022, the target overnight rate was 0.25%, and by July 2023, the rate had shot up to 5.00%\u2014an increase of 475 basis points within a year and a half. Starting in June 2024, the central bank progressively lowered the rate, reaching 2.75% by March 2025.<\/p><iframe id=\"datawrapper-chart-FrQt1\/4\/\" title=\"Are Canadians on track to pay off their mortgage?\" width=\"100%\" scrolling=\"no\" src=\"https:\/\/datawrapper.dwcdn.net\/FrQt1\/4\/\" loading=\"lazy\"><\/iframe><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000004\" data-toggle=\"collapse\" data-target=\"#accordion0000000004\">\n        <span class=\"luna-accordion__title\">Table<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000004\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 40%;\" scope=\"col\">Category<\/th><th style=\"text-align: left; width: 30%;\" scope=\"col\">Percentage<\/th><\/tr><\/thead><tbody><tr><td>I am on track to pay off my mortgage on time<\/td><td>26%<\/td><\/tr><tr><td>I am on track to pay off my mortgage early<\/td><td>13%<\/td><\/tr><tr><td>I am not on track to pay off my mortgage<\/td><td>8%<\/td><\/tr><tr><td>I do not currently have a mortgage<\/td><td>53%<\/td><\/tr><\/tbody><\/table><\/div>\n  <\/div>\n<\/li><\/ul><h3>Are Canadians on track to pay off their car loan?<\/h3><p>A majority of Canadians (<b>68%<\/b>) currently do not have a car loan, while <b>27%<\/b> are on track to pay off their car loan on time or early, and <b>5%<\/b> are not on track to pay off their car loan.<\/p><iframe id=\"datawrapper-chart-cs0Gg\/2\/\" title=\"Are Canadians on track to pay off their car loan?\" width=\"100%\" scrolling=\"no\" src=\"https:\/\/datawrapper.dwcdn.net\/cs0Gg\/2\/\" loading=\"lazy\"><\/iframe><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000005\" data-toggle=\"collapse\" data-target=\"#accordion0000000005\">\n        <span class=\"luna-accordion__title\">Table<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000005\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 40%;\" scope=\"col\">Category<\/th><th style=\"text-align: left; width: 30%;\" scope=\"col\">Percentage<\/th><\/tr><\/thead><tbody><tr><td>I am on track to pay off my car loan on time<\/td><td>19%<\/td><\/tr><tr><td>I am on track to pay off my car loan early<\/td><td>8%<\/td><\/tr><tr><td>I am not on track to pay off my car loan<\/td><td>5%<\/td><\/tr><tr><td>I do not currently have a car loan in place<\/td><td>68%<\/td><\/tr><\/tbody><\/table><\/div>\n  <\/div>\n<\/li><\/ul><h3>How would Canadians pay for a $1,000 emergency expense?<\/h3><p>Financial literacy experts frequently stress the importance of having an emergency fund. Building the emergency fund was the fifth most common financial concern among Canadians in Finder\u2019s January 2025 survey.<\/p><p>When faced with a $1,000 emergency expense, more than half of Canadians (<b>53%<\/b>) said they did not need to get a loan or advance. Those who said they would need to take out some form of credit ranked credit card as their top choice (15%), followed by a relative or friend (10%) and then a line of credit (8%).<\/p><p>Personal loan (8%), payday loan (3%), wage advance (3%) and HELOC (1%) ranked at the bottom.<\/p><iframe id=\"datawrapper-chart-7akza\/1\/\" title=\"How would Canadians pay for a $1,000 emergency expense?\" width=\"100%\" scrolling=\"no\" src=\"https:\/\/datawrapper.dwcdn.net\/7akza\/1\/\" loading=\"lazy\"><\/iframe><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000006\" data-toggle=\"collapse\" data-target=\"#accordion0000000006\">\n        <span class=\"luna-accordion__title\">Table<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000006\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 40%;\" scope=\"col\">Category<\/th><th style=\"text-align: left; width: 30%;\" scope=\"col\">Percentage<\/th><\/tr><\/thead><tbody><tr><td>Dip into my emergency fund<\/td><td>28%<\/td><\/tr><tr><td>Use my disposable income<\/td><td>25%<\/td><\/tr><tr><td>Borrow from credit card<\/td><td>15%<\/td><\/tr><tr><td>Borrow from a relative or friend<\/td><td>10%<\/td><\/tr><tr><td>Borrow from personal line of credit<\/td><td>8%<\/td><\/tr><tr><td>Get a personal loan<\/td><td>5%<\/td><\/tr><tr><td>Get a payday loan<\/td><td>3%<\/td><\/tr><tr><td>Get an advance on my wages<\/td><td>3%<\/td><\/tr><tr><td>Borrow from HELOC<\/td><td>1%<\/td><\/tr><\/tbody><\/table><\/div>\n  <\/div>\n<\/li><\/ul><h3>Which loan products will Canadians use in the next 3 months?<\/h3><p>More than half of Canadians (<b>54%<\/b>) planned to take out some form of credit in the next three months. Borrowing from a credit card (12%) or <a href=\"https:\/\/www.finder.com\/ca\/personal-loans\/line-of-credit\">line of credit<\/a> (11%) were the top loan choices, followed by <a href=\"https:\/\/www.finder.com\/ca\/car-loans\">car loans<\/a> (6%).<\/p><p>Business loans (3%), debt consolidation loans (3%) and payday loans (4%) were the least popular credit options.<\/p><iframe id=\"datawrapper-chart-giYUg\/1\/\" title=\"Which loan products will Canadians use in the next 3 months?\" width=\"100%\" scrolling=\"no\" src=\"https:\/\/datawrapper.dwcdn.net\/giYUg\/1\/\" loading=\"lazy\"><\/iframe><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000007\" data-toggle=\"collapse\" data-target=\"#accordion0000000007\">\n        <span class=\"luna-accordion__title\">Table<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000007\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 40%;\" scope=\"col\">Category<\/th><th style=\"text-align: left; width: 30%;\" scope=\"col\">Percentage<\/th><\/tr><\/thead><tbody><tr><td>I have no plans to take out any form of credit<\/td><td>46%<\/td><\/tr><tr><td>Credit card, strictly to borrow money<\/td><td>12%<\/td><\/tr><tr><td>Borrow from line of credit<\/td><td>11%<\/td><\/tr><tr><td>Car\/vehicle loan<\/td><td>6%<\/td><\/tr><tr><td>Cash advance app<\/td><td>5%<\/td><\/tr><tr><td>RRSP\/investment loan<\/td><td>5%<\/td><\/tr><tr><td>Personal\/installment loan<\/td><td>5%<\/td><\/tr><tr><td>Payday loan<\/td><td>4%<\/td><\/tr><tr><td>Debt consolidation loan<\/td><td>3%<\/td><\/tr><tr><td>Business loan<\/td><td>3%<\/td><\/tr><\/tbody><\/table><\/div>\n  <\/div>\n<\/li><\/ul><h3>How confident are Canadians in their financial future?<\/h3><p>Canadians\u2019 confidence in their overall financial future varied widely. <b>Three in 10<\/b> Canadians were very confident (20%) or extremely confident (10%), while another <b>3 in 10<\/b> were only slightly confident (20%) or not confident at all (10%). <b>Four in 10<\/b> Canadians were lukewarm about their finances, reporting moderate confidence in their overall financial future.<\/p><iframe id=\"datawrapper-chart-h7FQH\/2\/\" title=\"How confident are Canadians in their financial future?\" width=\"100%\" scrolling=\"no\" src=\"https:\/\/datawrapper.dwcdn.net\/h7FQH\/2\/\" loading=\"lazy\"><\/iframe><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000008\" data-toggle=\"collapse\" data-target=\"#accordion0000000008\">\n        <span class=\"luna-accordion__title\">Table<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000008\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 40%;\" scope=\"col\">Category<\/th><th style=\"text-align: left; width: 30%;\" scope=\"col\">Percentage<\/th><\/tr><\/thead><tbody><tr><td>Not confident at all<\/td><td>10%<\/td><\/tr><tr><td>Slightly confident<\/td><td>20%<\/td><\/tr><tr><td>Moderately confident<\/td><td>40%<\/td><\/tr><tr><td>Very confident<\/td><td>20%<\/td><\/tr><tr><td>Extremely confident<\/td><td>10%<\/td><\/tr><\/tbody><\/table><\/div>\n  <\/div>\n<\/li><\/ul><div id=\"sources\" style=\"position: relative;\"><h3 style=\"position: absolute; width: 1px; height: 1px; padding: 0; margin: -1px; overflow: hidden; clip: rect(0,0,0,0); white-space: nowrap; border: 0;\">Sources<\/h3>\n<div id=\"lazy0000000000\"><\/div>\n<script type=\"application\/json\" id=\"lazyloaded-assets-json-lazy0000000000\" 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