Indicators
Stocks, Real Estate Push Canada Household Net Worth to New High
- Net worth rose as S&P 500, TSX gained, real estate rebounded
- Household credit market debt to income fell to 176.4%
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Canadian households’ net worth rose for a second consecutive quarter, rising 3.3% to reach a record high of C$16.9 trillion ($12.3 trillion), Statistics Canada reported on Thursday.
Net worth in the first quarter of 2024 was supported by rising stock markets — the S&P 500 was up 10.2%, while the TSX rose 5.8% — as well as a rebound in residential real estate.