XPost: van.general, can.politics   
   From: gregcarrsober@gmail.com   
      
   Canadians' average net worth up nearly 8%: report   
   Real estate   
   A real estate agent puts up a 'sold' sign in front of a house in Toronto   
   on Tuesday, April 20, 2010. (The Canadian Press/Darren Calabrese)   
      
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   Sonja Puzic, CTVNews.ca   
   Published Monday, August 11, 2014 2:20PM EDT   
   The labour market may be sluggish, but Canadians’ net worth is on the   
   rise, according to a new report.   
   The average net worth per Canadian household was $442,130 at the end of   
   2013, up 7.7 per cent from the previous year, according to Environics   
   Analytics.   
   The growth is attributed to a rise in real estate and investment values.   
   It helped that household debt increased by a modest 2.3 per cent, as   
   consumer debt remained flat.   
   RELATED STORIES   
   Canadians getting richer: Mortgage debt down, household net worth edging up   
   The numbers suggest that Canadians have bounced back from the 2008   
   global economic crisis, even though unemployment rates are   
   higher-than-normal in many regions.   
   “Overall, 2013 was an excellent year for Canadian balance sheets,” Peter   
   Miron, a senior research associate at Environics Analytics, said in a   
   news release.   
   “Many people benefitted from the strong stock market. But they also   
   saved more and didn’t take on more debt-- preparing perhaps for a rainy   
   day. This was one of the best years we’ve had since the recession.”   
   And it’s not only the rich getting richer. Canadians whose net worth was   
   less than $148,000 saw it rise by 8.7 per cent.   
   As for regional wealth, the three richest provinces in the country   
   remain the same.   
   In British Columbia, the average household net worth was $591,047. In   
   Alberta it was $531,067, and Ontario was not too far behind with $523,969.   
   Alberta, Nova Scotia and Ontario had the highest net worth growth of all   
   the provinces. Meanwhile, Saskatchewan’s economic boom may be cooling   
   off, according to Environics Analytics. The household net worth in the   
   province increased 7.4 per cent, below the national average.   
   Vancouver, Toronto and Calgary remain the wealthiest cities in the   
   country and the gap between them is narrowing, according to the wealth   
   analysis.   
   The average household net worth is $710,095 in Vancouver, $693,652 in   
   Toronto and $680,377 in Calgary. Vancouver remains on top because of its   
   pricey real estate.   
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   http://www.ctvnews.ca/business/canadians-average-net-worth-up-ne   
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