Most variable and hybrid mortgage holders in Canada say higher mortgage payments have put a financial strain on their household and more than half have decreased their discretionary spending (Royal LePage/Nanos)

Nanos Research was retained by Royal LePage to gauge the opinion among Canadian mortgage holders in response to increasing mortgage rates and how it may have affected their financial situation.

Nanos conducted an online representative panel survey of 2,004 Canadians, aged 27 to 75, between September 8th to 14th, 2023. The results presented in this report focus on the views of a subsample of 933 current residential mortgage holders.

The research was commissioned by Royal LePage and was conducted by Nanos Research.

To read the full report, click here.