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Canadians are now richer than Americans
- otoburb 14y agoIsn't that because our Canadian housing bubble hasn't corrected itself yet? I'm assuming that the two figures they used are denominated in the same currency, so if the housing prices across Canada decline by 13% then we'll already be equivalent in average net worth. I don't believe 13% is far fetched. At least it's a more reasonable (i.e. less scary) scenario than some of the doomsayers calling for a bursting bubble similar to the US housing bust. This assumes that a significant portion of Canadians have their net-worth tied in real estate.