Mortgage News
Household net worth recovers from recession
<br><br>Rising stocks and home prices helped restore almost all of the value Canadians lost in household net worth during the economic downturn. Household net worth rose 1.3 per cent, or by $74 billion, to $6 trillion, as the growth in the value of assets, particularly equities and residential real estate, exceeded the increase in liabilities, Statistics Canada reported Monday.<br><br>
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Rising stocks and home prices helped restore almost all of the value Canadians lost in household net worth during the economic downturn. Household net worth rose 1.3 per cent, or by $74 billion, to $6 trillion, as the growth in the value of assets, particularly equities and residential real estate, exceeded the increase in liabilities, Statistics Canada reported Monday.