According to the Financial Post, data from Statistics Canada shows that Canadian household wealth continued to rise in 2024, reaching a record-breaking $17.5 trillion by the fourth quarter.

Based on the 2021 census, Canada has approximately 15.3 million households, which translates to an estimated average household wealth of $1.14 million. However, the data also indicates that wealth growth has not been evenly distributed, with the wealth gap continuing to widen.

Financial Assets Driving Wealth Growth

Statistics Canada reports that in Q4 2024, Canadian household net worth (total assets minus liabilities) increased by 1.4%, reaching $17.495 trillion. Compared to the end of 2023, household wealth grew by nearly $1.2 trillion over the year.

This growth was largely fueled by financial asset appreciation, particularly stock market performance and gains from foreign investments due to the depreciation of the Canadian dollar. The sharp decline in the Canadian dollar further boosted the value of foreign investments held directly or through pension funds and other financial instruments.

AiF’s Commitment to Wealth Growth

At AiF, we remain steadfast in our investment approach, applying our “Locomotive Theory” by directing funds toward leading enterprises in key sectors.

Historical data has proven that AiF’s strategy of investing in the U.S. market was the right choice. Looking ahead, AiF will further strengthen its focus on AI investments.

We welcome like-minded partners to join us in delivering strong investment solutions for clients and working together to improve Canada’s retirement system.