Latest / The Canadian Real Estate Investor
Being A Millionaire In Canada
What it means to be a millionaire in Canada in 2025, focusing on how inflation, real estate values, and wealth distribution have changed the significance of the million-dollar threshold.
Due to inflation, $1 million today has significantly less purchasing power than in previous decades, with current dollars worth less than 4% of their 1915 value.
Many Canadians are "paper millionaires" through home ownership but lack true financial freedom, as owning a $1 million home with a large mortgage doesn't equate to being wealthy.
Canada's wealth remains heavily concentrated among baby boomers who…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.