Household debt is on the rise, but probably not for much longer.
Canadian households got a little poorer in the fourth quarter of 2018, thanks to falling stock prices and the first annual drop in the value of real estate in records going back to 1990, Statistics Canada said Thursday.
But Statistics Canada noted that residential real estate value is falling as well, down 1.4 per cent in 2018 to mark the first annual decline in data going back to 1990.Other things that dragged down Canadians' wealth was a 23.5-per-cent drop in the value of natural resources, led by slumping oil prices.
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