The wealth of immigrant families in Canada / by René Morissette, Social Analysis and Modelling Division, Statistics Canada. : CS11-0019/422E-PDF

"This study documents the evolution of the wealth of immigrant families and of their Canadian-born counterparts from 1999 to 2016. The study uses data from Statistics Canada’s Survey of Financial Security. The study finds that increases in housing equity and in the value of registered pension plan (RPP) assets were the main drivers of wealth growth from 1999 to 2016. However, the relative importance of increases in housing equity was greater for immigrant families than for Canadian-born families. This reflects the fact that compared with Canadian-born families, immigrant families generally hold a greater share of their wealth in housing but a smaller share in RPP assets. While the increases in home prices observed since the late 1990s drove much of the growth in housing equity, the lower rates of return on financial assets observed after 1999 were a key factor underlying the growth in the net present value of RPP assets"--Abstract, page 5.

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