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The median net worth of Canadians aged 35–44 is $234,400. Enter your details to see exactly where you rank — then let Richify build your plan to climb.
Under 35
$48,800
35–44
$234,400
45–54
$521,600
55–64
$690,200
Canada median
$519,700
Median · 35–44
$234,400
Below median
Mean · 35–44
$521,200
Skewed by top earners
A net worth of $150,000 at age 35 places you in the 38th percentile for the 35–44 group. The median is $234,400. Source: Statistics Canada SFS 2023 (CAD, incl. home equity).
$84,400 to the median.
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Median net worth in Canada 2026
The “typical” Canadian household net worth — what it is, what it isn't, and why it differs from the average.
Overall median (Canada)
$519,700
All ages, SFS 2023
Median, 35–44
$234,400
Youngest mid-career band
Median, 55–64
$690,200
Pre-retirement peak
Highest provincial median
$773,500
British Columbia
The median net worth in Canada is $519,700 (Statistics Canada Survey of Financial Security 2023, published October 2024). The median is the 50th percentile — exactly half of Canadian households have more, half have less. It's the better headline figure than the mean because a small number of very wealthy households pull the mean above $1 million in several age bands, distorting the “typical Canadian” picture.
As of June 2026, the SFS 2023 release remains the most recent Statistics Canada wealth data — the next SFS is scheduled for the 2025–2027 cycle. Median net worth by age and by province both vary widely from the $519,700 national figure: see the tables below for the full breakdown.
Net worth percentiles by age — Canada
Full distribution by age band — 25th, median (50th), 75th, and 90th percentile household net worth from Statistics Canada's Survey of Financial Security 2023 (CAD, including principal residence).
Source: Statistics Canada, Survey of Financial Security 2023 (11-627-M2024047). Overall Canadian median: $519,700. Last updated June 2026.
Net worth by age, explained
The median, average and top-tier thresholds at each key Canadian age — and what drives them.
Average net worth of a 30-year-old Canadian
The median net worth of a 30-year-old Canadian household is approximately $48,800 (Statistics Canada SFS 2023, under-35 age band). That figure understates the typical 30-year-old in two ways: family units specifically (couples and single-parent families) have a median of $159,100, and the gap between renters and homeowners is enormous — under-35 family units WITH a principal residence have a median net worth of $457,100; without one, just $44,000. At 30, TFSA and FHSA contribution discipline matter more than salary.
Average net worth of a 35-year-old Canadian
The median net worth of a 35-year-old Canadian is approximately $234,400, in the 35–44 SFS band. The mean is $521,200 — more than 2× the median — because wealthy outliers (BC and Ontario homeowners, business owners) pull the average up. The provincial medians make this concrete: BC $773,500, Ontario $665,600, both well above the national median of $519,700. Households who bought a Vancouver or GTA home in 2019–2021 captured $200K–$400K in pandemic-era equity gains.
Average net worth of a 40-year-old Canadian
The median net worth of a 40-year-old Canadian is approximately $234,400 (still in the 35–44 SFS band), with the 75th percentile at $618,000 and the 90th at $1,150,000. Age 40 is when the spread between savers and non-savers widens fastest: households maxing TFSA + RRSP + FHSA through their 30s typically clear the 75th percentile by 40, while renters with no registered-account discipline often stay near the 25th percentile of $52,600.
Average net worth of a 45-year-old Canadian
The median net worth of a 45-year-old Canadian is approximately $521,600 (45–54 SFS band) — very close to the overall national median of $519,700. The mean is over $1 million, again skewed by top earners. This is also where employer pensions begin to compound visibly: SFS 2023 shows the 55–64 cohort with home + pension at $1.40M versus neither at just $11,900 — the single largest wealth gap in the data, and it starts forming in the late 40s.
Average net worth of a 50-year-old Canadian
The median net worth of a 50-year-old Canadian is approximately $521,600 (45–54 SFS band), with the 90th percentile at $2.1 million. This is the standard retirement-planning decade — most Canadian households need roughly $1.5M–$2M in total net worth (including principal residence) to retire at 65 without lifestyle compromise. Maxing RRSP catch-up room and topping up TFSA from 50 onward is the standard playbook.
Median net worth by province
All age groups combined (SFS 2023). BC and Ontario skew highest, driven by real estate concentration in Vancouver and the GTA.
With vs without a home
For family units under 35, the median net worth with a principal residence is $457,100 — but without one, it drops to just $44,000. That ~$413,000 gap is almost entirely home equity. Many young homeowners are “house-rich, wealth-poor”: a $700,000 net worth can hide only $120,000 in investable assets when $580,000 is locked in an illiquid home.
The 179% under-35 surge
Median net worth for Canadian family units under 35 rose 179% between 2019 and 2023 — the largest jump of any age group. The driver was the pandemic-era housing boom: young families who bought in 2019–2021 saw $200,000–$400,000 in equity gains within a few years, while renters' median held near $44,000, widening the gap sharply.
The TFSA + RRSP + FHSA effect
Canadians who consistently max their registered accounts tend to land in the 75th percentile or higher for investable net worth. As of 2026, cumulative TFSA room is $95,000 for anyone 18+ since 2009; a fully-maxed TFSA at 7% real returns is worth roughly $165,000–$175,000 today. Add RRSP (18% of earned income) and FHSA ($8,000/yr, $40,000 lifetime) and you have the tax-efficient backbone of Canadian wealth outside real estate.
Pension vs no pension — the biggest divide
The sharpest wealth gap in SFS 2023 isn't between provinces or ages — it's an employer pension. For the 55–64 group:
Home + pension
$1.40M
Home, no pension
$914K
Pension, no home
$359K
Neither
$11,900
Frequently asked questions
What is the average net worth in Canada by age?+
According to Statistics Canada's Survey of Financial Security (SFS) 2023, the overall Canadian median net worth is $519,700. By age group: Under 35: $48,800 | 35–44: $234,400 | 45–54: $521,600 | 55–64: $690,200 | 65+: $643,500. For under-35 family units specifically, the SFS 2023 infographic (October 2024) reports a median of $159,100 — up 179% from 2019, driven largely by real estate gains. Mean (average) is significantly higher due to wealthy outliers; the median is the better benchmark for 'typical' Canadians.
What is the average net worth at 35 in Canada?+
At age 35–44, the median net worth in Canada is $234,400 (Statistics Canada SFS 2023). The mean is $521,200 — significantly higher because a small number of very wealthy households pull the average up. In BC (provincial median: $773,500) and Ontario ($665,600), real estate equity often accounts for the majority of a 35-year-old household's net worth. Households without real estate in those provinces fall far below the provincial median.
What is the average net worth at 40 in Canada?+
Canadians aged 35–44 (which includes age 40) have a median net worth of $234,400 and a mean of $521,200 (SFS 2023). The 90th percentile for this age group is approximately $1,150,000. Home equity is the dominant component in BC and Ontario — a 40-year-old who bought a Vancouver or GTA home a decade ago may have $500,000+ in equity alone. Nationally, 39% of Canadian families held a mortgage in 2023, with median mortgage debt of $205,000.
What is a good net worth percentile in Canada?+
The overall Canadian median is $519,700 (SFS 2023). For the 35–44 age group, the 50th percentile is $234,400, the 75th is $618,000, and the 90th is $1,150,000. Reaching the top quartile for your age group is considered strong. However, 'good' depends on your retirement goal — a household targeting $1.5M in investable (non-home) net worth for retirement needs very different savings rates depending on current age. Use the percentile tool above for your specific age group.
Why is median better than average for net worth?+
A small number of very wealthy households pull the mean dramatically upward. The mean net worth for 45–54 year olds is over $1M, but the median is $521,600 — meaning half of all households have less. The overall Canadian mean is well above the $519,700 median for the same reason. The median is the better benchmark for understanding where a 'typical' Canadian household stands.
Why is BC and Ontario net worth so much higher than other provinces?+
Real estate. SFS 2023 shows BC's median household net worth is $773,500 — the highest in Canada — followed by Ontario at $665,600. Both are far above the national median of $519,700. In Vancouver and the Greater Toronto Area, decades of real estate appreciation mean many homeowners hold $500,000–$800,000 in home equity alone, even with modest incomes. By contrast, New Brunswick's median is $286,200 — less than 40% of BC's figure.
What is the median net worth excluding primary residence in Canada?+
The SFS 2023 highlights a stark gap: for family units under 35, the median with a principal residence is $457,100 — but without one, it drops to just $44,000. The principal residence alone accounts for the vast majority of younger households' net worth. This is why financial planners distinguish between 'total net worth' (including home equity) and 'investable net worth' (liquid assets that generate retirement income). A household with $700,000 net worth may only have $150,000 in investable assets if $550,000 is home equity.
What happened to Canadian net worth from 2019 to 2023?+
According to SFS 2023, Canadian household net worth grew substantially from 2019 to 2023, primarily driven by real estate appreciation during the pandemic housing boom. The most dramatic increase was for under-35 family units, whose median net worth rose 179% from 2019 to 2023 — largely because younger households who bought homes in 2019–2021 saw massive equity gains. Provinces with the hottest real estate (BC and Ontario) saw the largest increases.
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Get Richify freeData source: Statistics Canada, Survey of Financial Security 2023 (11-627-M2024047). For education only — not financial advice. © 2026 Richify.
