Canadians forced to adapt their routines to accommodate staying at home
For the last few months, as certain amenities have been closed, Canadians have had to adapt in order to continue to enjoy the activities they did pre-pandemic.
According to a survey from TD--whether it's going to the gym, or school, or work--Canadians have had to come up with some creative ways to continue their daily routines completely from home.
“Canadians are re-evaluating the way they live; looking for unique ways to incorporate home offices, classrooms and gyms into their existing spaces as COVID carries on,” Jared Jarman, associate vice president of Specialized Advice and Acquisition at TD, said in a news release.
“The good news is, whether you’re looking to buy a bigger home or embark on a renovation, seeking the right financial advice can help uncover ways to make those dreams of homeownership or functionality upgrades a reality," he continued.
Based on the findings, more Canadians have taken to watching TV--63 per cent--and cooking at home--54 per cent--over the last few months, while avoiding indulgences such as travelling and entertaining.
However, while many have been attempting to adapt on the fly, nearly one-quarter of Canadians--24 per cent--said their home isn't well-equipped to work from on a regular basis.
Additionally, 29 per cent said they would like to continue their workout routine from home, but they simply don't have enough space.
Further, despite the increased demands Canadians are making on their living spaces, only 3 per cent have purchased a new house, vacation home, or property since the pandemic started.
However, more than one in ten respondents said they are considering a home purchase in the near future due to the pandemic.
“COVID-19 has created a whole new set of considerations to think about when you’re looking to move, so it’s not surprising that very few have taken the plunge,” Jarman said.
“Will you continue working from home over the long-term? Are you willing to move out of the city or away from friends and family to gain more space? These aren’t easy questions to answer on your own. Understanding that everyone’s experiences are unique, TD provides tailored advice and solutions designed to meet customers’ individual needs, helping Canadians feel prepared to take on the ongoing changes COVID-19 throws their way," he added.
Moreover, with no end to the pandemic in sight, 37 per cent of Canadians are planning significant home renovations or repairs to accommodate their new lifestyle, while 45 per cent have either purchased or are considering major purchases of furniture, electronics, or appliances to accommodate their new situation.
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