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Spendthrifts and Savers: Are Canadians Acting Like they are “House Poor” or “House Rich”?
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Summary:
| Citation | Jeremy Kronick. 2017. "Spendthrifts and Savers: Are Canadians Acting Like they are “House Poor” or “House Rich”?." ###. Toronto: C.D. Howe Institute. |
| 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: | July 15, 2025 |
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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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