Spendthrifts and Savers: Are Canadians Acting Like they are “House Poor” or “House Rich”?

Summary:
Page Title:Spendthrifts and Savers: Are Canadians Acting Like they are “House Poor” or “House Rich”? – C.D. Howe Institute
Article Title:Spendthrifts and Savers: Are Canadians Acting Like they are “House Poor” or “House Rich”?
URL:https://cdhowe.org/publication/spendthrifts-and-savers-are-canadians-acting-they-are-house-poor-or-house-rich/
Published Date:June 6, 2017
Accessed Date:February 13, 2025

House rich, big-spending Canadians are taking a gamble on the risk of an economic shock in Canada, according to a new report from the C.D. Howe Institute. In Spendthrifts and Savers: Are Canadians Acting Like they are “House Poor” or “House Rich”?, author Jeremy Kronick finds Canadian household spending, apart from housing, has not dropped despite consumers taking on more housing debt and draws lessons for policymakers concerned about a hard landing. 

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