Statistics Canada says median net worth of families in 2016 up 14.7% from 2012

THE CANADIAN PRESS

OTTAWA — Statistics Canada says the median net worth of Canadian families totalled $295,100 in 2016, up 14.7 per cent from 2012 the last time the survey was conducted.

Housing was both the largest asset and the largest debt for Canadians.

The total value of assets held by Canadians in 2016 was $12 trillion, up from $9.9 trillion in 2012. The median value of total assets owned by families amounted to $440,200, up from $391,700 in 2012.

Meanwhile, total debt reached $1.76 trillion in 2016, up from $1.41 trillion in 2012. The median value of total debt owed by families was $80,600 in 2016, up from $63,400 in 2012.

The report also found that 29.6 per cent of Canadian families were debt-free in 2016.

Statistics Canada says the share was highest among senior-led families with 58.0 per cent debt-free.

Just Posted

Boy, 5, dead after being hit by truck his dad was driving at Alberta landfill

LAC LA BICHE, Alta. — Police say a five-year-old boy has died… Continue reading

Coat, cash donations accepted on the side of the road in Red Deer

Fifth annual Coats for Kids and CACPC Charity Checkstop held Saturday afternoon on Taylor Drive

UPDATE: Red Deer RCMP locate missing 64-year-old woman

Red Deer RCMP have located a 64-year-old woman, who was reported missing,… Continue reading

Not a political question: Thunberg calls for climate action in Alberta

EDMONTON — Teen climate activist Greta Thunberg marched into the middle of… Continue reading

WATCH: Red Deer Citizens on Patrol monitoring downtown with new program

Volunteers will patrol downtown Red Deer to help keep the city safe.… Continue reading

Your community calendar

Tuesday The Small Business Centre at Burman University’s School of Business invites… Continue reading

Ever since I was a youngster, my life has gone to the dogs

I’ve really been going to the dogs lately. “That’s for sure,” you… Continue reading

By necessity, some stories are sad

One of the comments I received was my columns have gotten away… Continue reading

RDC Kings draw, Queens soccer fall to Kodiaks

The RDC Kings moved one step closer to securing an Alberta Colleges… Continue reading

Scheer won’t say if Conservatives hired consultant to ‘destroy’ People’s party

TORONTO — With election day less than 48 hours away, Andrew Scheer… Continue reading

Man’s death in Richmond, B.C. suspicious, not random, say investigators

RICHMOND, B.C. — The discovery of a man’s body in a Richmond,… Continue reading

Quebec man found guilty of first-degree murder in slaying of ex-wife, stranger

ST-JEROME, Que. — A Quebec man was found guilty of first-degree murder… Continue reading

Most Read