Being Canadian-born isn’t the wealth advantage many assume, according to a new study. Statistics Canada (StatCan) researchers compared Canadian-born households with established immigrants who had lived in the country for at least 10 years. They found the immigrant group came out ahead across every wealth quartile, though the gap narrowed at the top. The difference was driven almost entirely by Canada’s real estate bubble in its largest cities.
Canadian-Born Wealth Falls Behind Immigrants After Real Estate Bubble
