Story perspectives
Canada's Wealth Gap: Homeowners Thrive, Renters Struggle
2/1/2025
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Story summary
- The Canadian economy shows disparities, with the top 40% benefiting from increased home values.
- Median household net worth rose from $381,100 in 2019 to $519,700 in 2023, driven by inflation.
- Lower- and middle-income renters struggle the most with rising costs, while older homeowners accumulate wealth.
- Government action is needed to address these inequalities and encourage support from financially secure homeowners.
