Where Data Tells the Story
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Canada’s household wealth has grown dramatically over the last decade, rising from $7T in 2010 to $17.5T in 2024, however that growth hasn’t been shared evenly. Older Canadians now hold a much larger share of national net worth. Those 65+ control 35.8% ($6.2T), up from 28.7% in 2010. This reflects decades of home price appreciation, investment gains, and compounding over time.
Meanwhile, younger households continue to hold a relatively small slice. Canadians under 35 hold just 8.7% ($1.4T) of the country’s wealth, an improvement from 5.5% in 2010, but still far behind older cohorts. High housing costs, elevated interest rates, and slower wage growth have made it harder for younger Canadians to build assets at the pace previous generations enjoyed.
As wealth concentrates among older age groups, questions around affordability, intergenerational equity, and long-term economic stability become even more central to Canada’s policy conversation.