The average Canadian is now wealthier than the average American

Written by

Samantha Grossman:

Over the past five years, the average net worth of Canadian households has exceeded that of American households. So for the the first time in history, Canadians are wealthier than Americans — by more than $40,000, on average. In 2011, the average net worth of a Canadian household was $363,202, compared to $319,970 in the U.S., according to Environics Analytics WealthScapes data published in the Globe and Mail. (‘Average net worth’ measures the total combined value of a household’s liquid and real estate assets, minus debt.)

The collapse of the American housing market in 2008 is one of the major factors, according to the report.



  • No

    All that Oil Sands money. enjoy while it lasts. Americans will be moving to Canada with Central US becoming a desert. Let see if you build a wall to keep them out.

  • http://www.yourmaclifeshow.com/ Shawn King

    Non-story. The average Qatari is wealthier than the average American. The average South African isn’t.

    • Peter Cohen

      It’s the first time in history that’s the case – that’s the story.

  • http://twitter.com/Moeskido Moeskido

    Is anyone out there selling repatriation services?

  • http://twitter.com/zakmahshie Zak

    Did they factor into the average the money Canadians lost due to melting? http://mahshie.org/2012/07/melting-money/

  • http://www.BarnesFamily.com/ davebarnes

    Wait until housing prices pop in Canada. I have no idea where HGTV will go next in search of upbeat stories.