Stock rally buoys Canada households' net worth as housing drags

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A global rally in bonds and equities supported Canadians' wealth at the end of last year, offsetting continued declines in real estate values.

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Stock Rally Buoys Canada Household Net Worth, Housing Drags(Bloomberg) -- A global rally in bonds and equities supported Canadians’ wealth at the end of last year, offsetting continued declines in real estate...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Canadians Ride Stock Market Rally to Offset Real Estate SlumpCanadians are benefiting from the recent stock market rally, which has helped to offset a decline in real estate. Household net worth increased by $290 billion in the fourth quarter, driven by a rise in financial assets and a drop in residential real estate value. However, Canadians remain cautious about taking on debt. While many are benefiting from asset diversification, not everyone is reaping the benefits.
Source: globeandmail - 🏆 5. / 92 Read more »