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According to a recent report from Aviva Canada, 6 in 10 Canadians relocated as a result of the ongoing pandemic. As organizations call their employees back to their offices, workers are headed for longer commutes. Despite the housing market beginning to show signs of slowing down amid rising interest rates, nearly half of Canadian homeowners have not accounted for how the shift in buying behaviours will affect the value of their property.
- 60% of Canadians have relocated as a result of the pandemic, with those working from home (26%) flocking to the suburbs or small towns.
- Since the beginning of 2022, 47% of the Canadian workforce state that they had fully returned to a designated workspace, 25% say they adopted the hybrid model, while 28% are now working permanently from home. Those in Ontario are more likely to work from home full-time (32% vs. 23% for the rest of Canada).
- Older Canadians reportedly enjoy returning to the workplace more than their younger counterparts. 61% of those aged 18-34 who returned to work in-person stated they found it difficult to concentrate and adjust to normal working conditions – this is 7% higher than the average Canadian.
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