The number of millionaires in Canada leapt 7.7 per cent in 2012, according to researchers who also found the group controls more than a quarter of Canada’s wealth.
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Tag Archives: wealth
The Mysterious Difference Between Those Who Make It Rich And Those Who Don’t
Rob told me JB was dead. JB was my best friend growing up. We sat next to each other on the bus. After school we’d play ping pong or pinball or monopoly or ride bikes.
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The World’s Richest Countries
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‘Wealth Effect’ Driven More by Homes Than Stocks
One of the big questions hovering over the market highs is the ‘wealth effect.’
Normally when markets hit record highs, Americans feel wealthier because of their bursting portfolios. That paper wealth creates more confidence, which creates more spending, at least according to the theory of the wealth effect.
Read more: http://www.cnbc.com/id/100529383
Canadian luxury real estate set for a boost from the newly rich
Dramatically growing numbers of mobile, wealthy individuals around the world promise to push up demand for luxury real estate, making high-end properties in Canada’s biggest cities increasingly valuable.
Read more: http://tinyurl.com/c26xm4p
Albertans saving more money this year than rest of Canada
CALGARY — Albertans on average are planning to save the most of any region in the country this year and nearly double the Canadian average, according to a new poll released Monday by BMO.
According to the new BMO Household Savings Report, Albertans planning to save in 2013 are aiming to put away an average of $18,035 while for Canada it is $9,859.
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Calgary has healthy share of top income earners
CALGARY — The top one per cent of Canada’s 25.5 million tax filers accounted for 10.6 per cent of the nation’s total income in 2010, down from a peak of 12.1 per cent in 2006, according to Statistics Canada.
And the federal agency reported Monday that people in Calgary and in Alberta are well represented in that high income bracket.
Read more: http://tinyurl.com/bya3738
Hicks: Alberta is a fool’s paradise
There are many popular myths out there about fat-cat Alberta.
They are all true.
We do pay less income and consumption taxes than any other large Canadian province.
Our government does spend more (per-capita) than any other large province, besides debt-riddled Quebec.
Read more: http://tinyurl.com/bxxtpjv
Number of million-dollar homes hits record high in Calgary
Call it a seven-figure vote of confidence in Calgary.
The city’s 2013 property assessments reveals a record number of single-family homes valued at $1 million or more, besting the previous high set in 2008.
There are now 9,001 single-family homes assessed at $1 million or more, compared to 7,997 in 2012 — a 13-per-cent increase.
The previous record of 8,262 homes was set during the previous boom, prior to the economic collapse in 2008.
Read more: http://tinyurl.com/aq3oqqw
Job Security
An interesting email crossed my desk this past week. In this day and age, there are people who believe that if they do a good job, have solid performance reviews and get along with their co-workers that they will be at a job for as long as they like. The adage from days gone by that an employer will take care of you if you take care of them is what they believe will take them forward.
I hate to bring this reality check but that is simply not true! I believe job security is definitely something that existed 50 years ago during a different economic theme but it is very rare today. I personally have been let go or fired many times in past positions because of the economy or that I did not fit into a particular group. The longest I have ever held a job for is 25 months at a company I actually liked! To me moving on is not devastating because I am able to bounce back and my true nature is that of a business owner/investor and not employee. I am the exception and not the rule and have seen many people become emotionally disheartened because they tie their identities to their positions. Jobs come and go but what one must always focus on is increasing your own personal net worth. Your boss cannot protect you if he is told by his/her boss to fire you. If you want security look in the mirror and accept the fact that you must make your own wealth!