Mortgages, inflation and immigration among Canadians’ top concerns in 2024: surveys

As the new year begins, Canadians’ top concerns for 2024 are the cost of living and immigration, according to a recent survey from Nanos Research.

Polls found that half of Canadians who have a mortgage are “worried” or “somewhat worried” about making payments, 35 per cent of respondents want the House of Commons to prioritize the cost of living, and even 61 percent of respondents want Canada to “accept fewer immigrants.”

More than 1,000 Canadians aged 18 and older were surveyed from December 27 to 29, 2023.

MORTGAGE PAYMENTS

Nanos found that one in two Canadians with a mortgage say they are worried (24 per cent) or somewhat worried (28 per cent) about their ability to make their mortgage payments when it comes up for renewal.

Data shows that younger Canadians aged 18 to 35 are most likely to be worried (29 per cent) or somewhat worried (34 per cent) about mortgage payments.

Canadians aged 55 and older proved noticeably less worried, with only 16 per cent expressing concern and 20 per cent saying they were somewhat worried about mortgage bills.

The data also shows a disparity of concern between men and women. Twenty-six percent of women expressed concern and 33 percent said they were somewhat concerned about mortgage payments. On the other hand, 22 percent of men expressed concern and 33 percent said they were somewhat concerned.

PRIORITY HOPE OF THE HOUSE OF COMMONS

When Canadians were asked what issues the House of Commons should prioritize in 2024, 35.4 per cent of respondents said the rising cost of living.

Among these respondents, 32 percent were men and 38 percent were women.

Nearly half (44.5 per cent) of younger Canadians aged 18 to 34 said addressing the rising cost of living was a priority for them. 41 percent of adults ages 35 to 54 maintained the same priority, and 25 percent of adults ages 55 and older also expressed that cost of living should be a major focus.

Other top priorities included healthcare, with 13.8 percent of respondents indicating it was a priority for them, housing (13.1 percent) and the environment (10.9 percent).

IMMIGRATION

Nanos also found that a growing proportion of Canadians want the country to accept fewer immigrants in 2024 compared to 2023. Sixty-one percent of respondents shared this view, an increase of eight percent from September 2023.

The data found that the proportion of Canadians who want to accept more immigrants continues to decline, from 17 per cent in 2020 to five per cent in recent surveys.

The majority of Canadians surveyed who expect Canada to accept fewer immigrants live in the Prairies (68.1 percent) and Ontario (67.1 percent).

The main reason attributed to this opinion is the housing crisis: 31 percent say it is because “there is nowhere to live.”

About 24 per cent said Canada should accept fewer immigrants because the country does not have the infrastructure, social services and resources to support them.

METHODOLOGY

Nanos conducted a hybrid random telephone and online survey of 1,006 Canadians, aged 18 and older, between December 27 and 29, 2023 as part of an overall survey.

Participants were randomly recruited by telephone using live agents and administered an online survey. The sample included land and cell lines across Canada. The results were statistically verified and weighted by age and gender using the most recent census information and the sample is geographically stratified to be representative of Canada.

Leave a Comment