A sharp decline in Canadians’ net worth was registered during the second quarter amid sustained volatility in financial markets and the housing sector, according to Statistics Canada.
Household net worth saw a 6.1% quarterly decrease to settle at $15.2 trillion in Q2, representing a precipitous drop of $990 billion.
While household wealth remained nearly $3 trillion higher than pre-pandemic levels, the Q2 figure was also the largest decrease in at least 22 years. # SANDI HALPERN # REAL ESTATE # NET WORTH
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