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Rising housing values create more Canadian millionaires

Posted on 25 May 2011

Rising housing values are helping to create more wealthy people in Canada. A study by the Deloitte Center for Financial Services says the number of millionaire households in Canada will grow from 1.745 million to 2.413 million by 2020, an increase of 38 per cent.
As Michael Nairne of the National Post pointed out, ìThe study estimated there are 182,000 households in Canada worth between $5- and $30-million and 17,000 households in the $30-million plus cohort……………………………………….Full Article: Source


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