The Canadian Property Bubble Inflation Is Now 75% Of Net-Worth Growth
The Canadian property bubble is consuming the whole economy — and concentrating wealth creation. Household net-worth soared to a new high in the first quarter of 2021, according to Statistics Canada (Stat Can) data. Real estate represented over three-quarters of the gains in wealth, which is much higher than normal. Fanning the flames of the hot market means even more of the country now has its wealth concentrated in non-productive assets.
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