In partnership with Environics, Genworth Canada is excited to share the results of their recent Homeownership and Financial Fitness Study.
Prior to COVID-19, Canadians and Canadian homeowners were showing their strongest financial fitness to date. Social isolation, job loss, remote work, and other sacrifices resulted in a decline on Canadians' financial fitness overall, but by less than it certainly would have been without federal government programs and mortgage deferrals. Getting Canadians back to work and reinforcing homebuyer confidence will be the critical next steps.
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