Globe and Mail: Household wealth drops for first time since financial crisis
Sep 18, 2019, 09:13 AM
by
Rachelle Younglai
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Canadian household wealth dropped in 2018, the first annual decline since the financial crisis battered equity markets and sent real estate prices plunging nearly a decade ago.
The average household net worth fell 1.1 per cent, to $678,792, last year compared with 2017 because of the drop in the stock market, rising debt levels and higher interest rates, according to a new study by Environics Analytics.
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