According to a study Toronto is getting richer as Canada gets poorer


Image by Claire Wollen from Pixabay

According to a recent study looking at wealth trends in Canada, the average net worth in Toronto went up over the past year, even as the national average went down. But not all of the Toronto area is getting richer.

The study, published by Environics Analytics, found that the average net worth per household — defined as assets minus debt — in the larger Toronto area grew by $518, or 0.1 per cent in 2018 to $977,698.

Continue to read on: The Star

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