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Mike Milloy Planning and Development Officer
Tel: 902-424-8800Email:

September 15, 2017

In the second quarter of 2017, Canadian national net worth rose 0.4 per cent to $10,550.6 billion. Household residential real estate grew by $4.5 billion, the smallest increase since the first quarter of 2009. International assets have exceeded international liabilities in the second quarter. On a per capita basis, national net worth increased to $287,200 at the end of the quarter. 

Total assets, including financial and non-financial assets increased by 0.4 percent to $35.5 trillion at the end of the second quarter 2017. Total financial assets increased by 0.5 per cent.

Household sector

In the second quarter 2017, Canada’s household sector net worth at market value was relatively flat at $10.5 trillion total, or $285,900 per capita. The increase in net worth was mainly attributable to a 0.3 per cent gain in the value of non financial assets. Households' financial assets grew 0.1 per cent.

Households total debt to disposable income ratio rose to 169.90 per cent in the second quarter 2017, compared to 168.77 per cent in the previous quarter, as household income rose at a slower pace than credit market debt.


Government sector

At the end of the second quarter 2017, general government net debt (book value) fell to 43.06 percent of GDP, down from 43.34 per cent in the previous quarter. The federal government's net debt to GDP ratio fell from 30.83 to 30.57 per cent, while other levels of government saw a decrease in net debt to GDP to 28.64 per cent, down from 28.84 per cent in the previous quarter.



Corporate sector


The credit market debt to equity ratio of non-financial private corporations was 70.04 cents of credit market debt for every dollar of equity in the second quarter 2017, up from 68.28 cents in the previous quarter. There was lower equity issuance relative to higher debt levels this quarter. 

Statistics Canada: National Balance Sheet and financial flow accounts

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