Canadians’ financial health showed a slight improvement in the tail end of 2013, a development that will help the Bank of Canada to maintain its low-interest-rate policy, reports CTV News.
According to a new release from Statistics Canada, nationwide household values increased by 3 per cent to $217,700 on a per capita basis in the fourth quarter of 2013, a direct result of a 5.9 per cent rise in the value of shares and other equities held by Canadians.
The average national net worth rose 2.7 per cent to $7.7 trillion to $218,500 on a per capita basis, representing a gain of 2.5 per cent gain over results from the previous quarter.
The report added that national net foreign debt showed a significant drop, falling by $98.1 billion, placing Canada into a net asset position of $26.7 billion.
However, the report also showed that household debt in the fourth quarter of last year grew at its slowest observed pace since 2001, which pushed the debt-to-disposable income ratio down to 164 per cent.
by WM
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- Jackie Goodlet, Broker
- GTA, Ontario, Canada
- A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!
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