![Real Estate Holdings Drop by Record $322 Billion in Canada](https://v17938.p3cdn1.secureserver.net/wp-content/uploads/2022/09/Canada-Canadian-Flag-150x150-QaEtOP.jpeg?time=1719912580)
Source: Bloomberg —
Canadian households experienced a decline of almost C$1 trillion ($775 billion) in net worth in the second quarter amid plunging prices for homes and stocks.
The value of residential real estate holdings held by households fell by C$419 billion in the three months between April and June, while financial assets dropped by C$531 billion, Statistics Canada reported Monday in Ottawa.