VANCOUVER — Metro Vancouver households were the wealthiest in Canada in 2007. But with falling house prices, the gap between Metro and other cities is getting smaller, according to a study released Tuesday by Pitney Bowes Business Insight.
Average household net worth of those living in the Vancouver census metropolitan area (CMA) was $592,851, followed by the Toronto CMA at $562,173.
The average household wealth of those living in Victoria, the only other B.C. city on the list, was $544,542, fourth highest after third-place Calgary.
If $592,851 sounds like more than what most of us are worth, that’s not surprising.
