Canadians Richer Than Americans? Yes, But Probably Not For Long

Posted by Real Estate Snatch Friday, April 19, 2013

For the first time in recent history, Canadians are richer than Americans, but a new report suggests this situation may not last long.

For the first time in recent history, Canadians are richer than Americans, but a new report suggests this situation may not last long.

Canada’s net worth has reached 648 per cent of GDP, research consultancy Capital Economics said in a new report, while U.S. net worth stands at 550 per cent of GDP.

The report backs up other recent data indicating Canadians have pulled away from their southern neighbours when it comes to wealth.

Read Full Story Courtesy of Huffington post

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REAL ESTATE SNATCH is the independent real estate blog of Samir Safadi, Sales Representative of West-100 Metro View Realty Ltd, brokerage it is dedicated to covering Real Estate News, digital culture, social media and technology, providing analysis of trends, Market Data , reviewing new development. Offering Real Estate services resources and guides. Services are provided to prospective buyers and sellers of real estate by Samir Safadi, Sales Representative, West-100 Metro View Realty Ltd, brokerage, duly registered in the province of Ontario, under Real Estate and Business Brokers Act, 2002 (REBBA 2002) and Member in good standing with

 

 

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