Assets, debts and net worth of Canadian families,Note 1 2019

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Release date: December 22, 2020
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Infographic: Assets, debts and net worth of Canadian families, 2019
Description: Assets, debts and net worth of Canadian families, 2019

Assets, debts and net worth of Canadian families, 2019

In 2019, the median net worth* of Canadian families was $329,900.


Table 1
Table summary
This table displays the results of Table 1. The information is grouped by Provinces (appearing as row headers), Median net worth, 2019 (appearing as column headers).
Provinces Median net worth, 2019
Newfoundland and Labrador 247,300
Prince Edward Island 211,400
Nova Scotia 257,900
New Brunswick 185,000
Quebec 237,800
Ontario 434,500
Manitoba 295,700
Saskatchewan 330,500
Alberta 317,300
British Columbia 423,700

*Net worth is the amount that families would have left over if they sold all their assets and paid off all their debts.

Families in which the major income earner was aged 65 or older had the largest median net worth.


Table 2
Table summary
This table displays the results of Table 2. The information is grouped by Family Types (appearing as row headers), Median net worth (appearing as column headers).
Family Types Median net worth
Families, 65+ $840,900
Couples without children under 18 $459,400
Couples with children under 18 $435,700
Persons living alone, 65+ $322,300
Lone-parent families $83,100
Persons living alone, under 65 $51,000

Table 3
Table summary
This table displays the results of Table 3. The information is grouped by Most common types of assets (appearing as row headers), Median value (appearing as column headers).
Most common types of assets Median value
Family homes $400,000
Retirement assetsNote 2 $158,700
Vehicles $17,000
Bank deposits and other financial assetsNote 3 $14,000

Table 4
Table summary
This table displays the results of Table 4. The information is grouped by Most common types of debts (appearing as row headers), Median value (appearing as column headers).
Most common types of debts Median value
Mortgages on family homes $180,000
Vehicle loans $18,000
Student loans $12,000
Lines of credit, credit cards and instalment debtNote 4 $7,000

Source: Survey of Financial Security, 2019.

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Published by authority of the Minister responsible for Statistics Canada.

© Her Majesty the Queen in Right of Canada as represented by the Minister of Industry, 2020

Use of this publication is governed by the Statistics Canada Open Licence Agreement.

Catalogue no. 11-627-M

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