Canadians are making a lot more money, according to Statistics Canada

Canada’s top-earning 1% had an average income of $381,336 in 2011.

Many Canadians appear to have come through the recession making a lot more money, according to Statistics Canada’s 2011 National Household Survey, a voluntary sampling of the population that replaced the mandatory long-form census, and are benefiting increasingly from higher education and booming regional economies.

The most recent National Household Survey of the country reflects the shifting fortunes of Canadians, the top 10% of earners in 2010 netted a median income of $102,313, while the top 5% had an median income of $131,541 and the top 1% earned a median income of $264,943.

More from Statistics Canada’s 2011 National Household Survey, about how Canadians live:

  • The national median income for the 95% of Canadians who earned any type of income in 2010 was $29,900.
  • The higher your income bracket, the more likely your income came from employment income, rather than other sources.
  • 1%, More of them lived in Toronto, but Calgary had more per capita than any other city in Canada.
  • Canada’s top-earning 1% had an average income of $381,336 in 2011.
  • 4.8 million Canadians (15%) lived in low-income households in 2011. If they lived in a low-income neighbourhood they were likely living alone, a visible minority or a recent immigrant.
  • The younger you were, the more likely you dedicated more than 30% of your income to shelter costs.
  • Only 20% of Canadians who bought a home between 2006 and 2011 were able make the buy without a mortgage.
  • If you’re one of the 12% of households who lived in a condominium in 2011, you probably lived in one of Toronto, Vancouver or Montreal. Half of all condo dwellers lived in those three census areas.
  • Condos were less expensive to buy than houses, and condo owners had a lower household income than homeowners.
  • Six in 10 seniors had retirement income from private sources to supplement their Canada Pension and Old Age Security.

DOWNLOAD AND READ FULL REPORT:  Courtesy of Statistics Canada

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REAL ESTATE SNATCH is the independent real estate blog of Samir Safadi, Sales Representative of West-100 Metro View Realty Ltd, brokerage it is dedicated to covering Real Estate News, digital culture, social media and technology, providing analysis of trends, Market Data , reviewing new development. Offering Real Estate services resources and guides. Services are provided to prospective buyers and sellers of real estate by Samir Safadi, Sales Representative, West-100 Metro View Realty Ltd, brokerage, duly registered in the province of Ontario, under Real Estate and Business Brokers Act, 2002 (REBBA 2002) and Member in good standing with



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