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The C.D. Howe Institute is an independent not-for-profit research institute whose mission is to raise living standards by fostering economically sound public policies. Widely considered to be Canada's most influential think tank, the Institute is a trusted source of essential policy intelligence, distinguished by research that is nonpartisan, evidence-based and subject to definitive expert review.

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

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June 6, 2017
Spendthrifts and Savers: Are Canadians Acting Like they are “House Poor” or “House Rich”?

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. 

Author(s):

Jeremy Kronick, Senior Policy Analyst
Jeremy Kronick

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© 2014 C.D. Howe Institute. All Rights Reserved.

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© 2014 C.D. Howe Institute. All Rights Reserved.