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Millionaire nation: Canada tops G7 rich list
Saturday, May 7th, 2011
May 6, 2011
the sustained housing boom and surging Canadian dollar have produced some very lofty housing prices relative to much of the developed world. This divide is especially stark when considering the U.S. real estate implosion following the subprime crisis… While there is a greater proportion of millionaires in Canada than any other major economy, the average millionaire household has assets of about US$1.9-million. This is pretty middle-of-the-pack compared with the United States at US$3.7-million and Switzerland, which tops the list of all counties with US$4.2-million per millionaire household.
Tags: economy, ideology, standard of living, tax
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