Private Wealth And Private Client - Canada

Introduction

The current Canadian wealth situation

'Things don't work as well as they used to.' This is a common refrain voiced by many Canadians today. With the pandemic two years behind us we are dealing with the aftermath and the strains and divisions it has engendered. Canada, along with other countries, is beset with the spectre of homelessness in many urban settings across the country and with no easy solutions. As well, affordability has become a major issue as prolonged inflation has significantly increased the cost of living across the board.

The most significant issue is Canada's housing crisis. Home ownership that had always been the expectation and reality for past generations is becoming an elusive goal for younger people. While at the same time, rents have increased dramatically and vacancy rates are near-zero. The ability to construct needed housing stock will take many years. The government policy to increase immigration levels to unprecedented