Stock Rally Buoys Canada Household Net Worth, Housing Drags
- Canada household debt-service ratio little changed at 15%
- Debt-to-income ratio falls to 178.7% as debt binge slows
A home for sale in Toronto, Ontario, Canada, on Saturday, Jan. 6, 2024. A global rally in bonds and equities supported Canadians' wealth at the end of last year, offsetting continued declines in real estate values.
Photographer: Galit Rodan/BloombergThis article is for subscribers only.
A global rally in bonds and equities supported Canadians’ wealth at the end of last year, offsetting continued declines in real estate values.
Canadians’ household net worth rose 1.8% to C$16.42 trillion ($12.2 trillion) in the fourth quarter, Statistics Canada said Wednesday. The increase was driven by a 5% jump in the value of household financial assets, the biggest increase since 2010, outside the pandemic.