Young Canadians Are Seeing Their Wealth Fall While Everyone Else Is Seeing A Boom

Author: External Author | Categories: First Time Home Buyer , Mortgage Agent , Mortgage Services

Canadian households continue to see their wealth soar — as long as they aren’t young. Statistics Canada (Stat Can) released data on household wealth for Q4 2021, this week. In general, households continue to see their net worth soar, with real estate playing a big part. Canadian households under 35 years old were a notable exception, noted the agency. Young households are the only cohort to see a drop in wealth — the first drop for any cohort since the outbreak. 

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Original Article Source Credits:   Better Dwelling,

Article Written By:  Daniel Wong

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