Housing Wealth Makes Immigrants Richer Than Canadian-Born Families: Statistics Canada

By Daniel Tencer

New Canadians put more of their eggs in the real estate basket, which comes with risk.

Margolana via Getty Images

Canada's immigrants are all about real estate, and that means newcomers to the country are carrying more debt than their Canadian-born counterparts.

But the upside is that immigrant families have also accumulated more wealth, according to data released by Statistics Canada on Tuesday.

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