Median Wealth Per Canadian Adult Higher Than in the USA

[vc_row][vc_column][vc_column_text]Wealth for Canadians has increased over the past 18 years from 2000 to today. Even with the small dip in the economy during the global financial crisis in 2008, wealth per adult increased at an average rate of 5.4 percent. The average wealth per adult this year is at $288,260, which is close to 30 percent lower than in America. But, wealth in Canada was more evenly distributed in comparison to the United States. The median wealth per adult in the U.S. is only $61,670, and in Canada, it is $106,340. There are many benefits when living in Canada, high quality of life, many job opportunities, and free health care to name a few. Canadian Visa Professionals will help you through the entire immigration process.

Property values in Canada are high and will continue to be an important fueler of household wealth, even with a slight cool down in the housing market. Jim Davies, an economics professor t Western University said, “One of the assumptions behind the increase in the number of millionaires is that Canadians’ housing wealth will continue to rise—no collapse in that market.” The count of millionaires in Canada will increase by more than 50 percent over the next five years, which constitutes a faster growth rate than similarly developed countries like the U.S., according to a recent wealth report by Credit Suisse. In 2018 there were a total of 1.3 millionaires in the county, and that number is predicted to reach nearly two million by 2023, said the Global Wealth Report 2018.

CanadianVP has a team of experts who will walk you through the immigration process, so you can live and work in Canada.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_basic_grid post_type=”post” max_items=”3″ grid_id=”vc_gid:1543397690771-0b1edadd-25a3-2″][/vc_column][/vc_row]

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