Average net worth by age in Canada
Are you ahead for your age? The median net worth of Canadians aged 35–44 is $409,300. Enter your details to see exactly where you rank — then let Richify build your plan to climb.
Median net worth by age in Canada (2023): it climbs from about $159K under 35 to $409K at 35–44, peaks near $873K at 55–64, then eases in retirement. Full by-age medians (CAD, family net worth): Under 35 $159K · 35–44 $409K · 45–54 $676K · 55–64 $873K · 65+ $739K. The national median is $519,700. The median is the midpoint — half of families that age hold less. Source: Statistics Canada Survey of Financial Security 2023.
Under 35
$159,100
35–44
$409,300
45–54
$675,800
55–64
$873,400
Canada median
$519,700
Median · 35–44
$409,300
Below median
Mean · 35–44
$910,000
Skewed by top earners
A net worth of $150,000 at age 35 places you around the 30th percentile for the 35–44 group. The median is $409,300 (Statistics Canada SFS 2023). The percentile bands are Richify modelled estimates, not StatsCan figures — StatsCan publishes median by age, not percentiles (CAD, incl. home equity).
$259,300 to the median.
Richify turns your percentile into a plan — coordinating your TFSA, RRSP & FHSA to move you up, and tracking it every month.
What is the average net worth in Canada?
The median net worth in Canada 2026 — the “typical” Canadian household, 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
$409,300
Youngest mid-career band
Median, 55–64
$873,400
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.
How current is this data? As of July 2026, the Survey of Financial Security 2023 (Statistics Canada table 11-10-0016-01, published 29 October 2024) is still the most recent Canadian median wealth data. A 2025 SFS cycle was collected between September 2025 and January 2026 but has not been released yet. For more recent momentum, Statistics Canada's Distributions of Household Economic Accounts (table 36-10-0660-01, fourth quarter 2025, released 13 April 2026) tracks average rather than median household wealth, and showed net worth for the under-35 group rising 5.7% in that quarter alone. The two are not interchangeable: the average is pulled well above the median by a small number of very wealthy households, which is why the median is the figure quoted throughout this page.
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 21 July 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 an under-35 Canadian household is $159,100 (Statistics Canada SFS 2023) — up 179% from 2019, largely on real estate. The renter/owner gap 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 matters more than salary.
Average net worth of a 35-year-old Canadian
The median net worth of a 35-year-old Canadian is $409,300, in the 35–44 SFS 2023 band. The average is well above the median because wealthy outliers (BC and Ontario homeowners, business owners) pull it 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 $409,300 (still in the 35–44 SFS 2023 band); the percentile bands in the tool above (75th ≈ $1.08M, 90th ≈ $2.0M, 25th ≈ $92K) are Richify modelled estimates, not StatsCan figures. Age 40 is when the spread between savers and non-savers widens fastest: households maxing TFSA + RRSP + FHSA through their 30s pull well clear of the median, while renters with no registered-account discipline stay well below it.
Average net worth of a 45-year-old Canadian
The median net worth of a 45-year-old Canadian is $675,800 (45–54 SFS 2023 band) — above the overall national median of $519,700, because mid-career households have had longer to build home equity and registered accounts. The average is higher still, 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 $675,800 (45–54 SFS 2023 band); the 90th-percentile band in the tool (≈ $2.7M) is a Richify modelled estimate. 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.
BC → $773,500
Canada's highest median — Vancouver real estate. Free BC percentile tool.
Ontario → $665,600
#2 in Canada — GTA real estate + Bay Street. Free Ontario tool.
Alberta → $457,100
No provincial income tax, energy sector. Free Alberta tool.
Quebec → $371,000
QPP not CPP, separate tax return, lower home prices. Free Quebec tool.
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 of the main income earner: Under 35: $159,100 | 35–44: $409,300 | 45–54: $675,800 | 55–64: $873,400 | 65+: $738,900. The under-35 median rose 179% from 2019 to 2023, driven largely by pandemic-era real estate gains. Mean (average) net worth is significantly higher due to wealthy outliers; the median is the better benchmark for a 'typical' Canadian household.
What is the average net worth at 35 in Canada?+
At age 35–44, the median net worth in Canada is $409,300 (Statistics Canada SFS 2023). The average (mean) is significantly higher because a small number of very wealthy households pull it 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 $409,300 (SFS 2023). Percentile breakpoints above the median shown in the tool are Richify modelled estimates — StatsCan publishes median by age, not percentiles. 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 median (50th percentile) is $409,300 from StatsCan; the higher percentile bands in the tool (75th, 90th) are Richify modelled estimates, since StatsCan publishes median by age but not percentiles. Reaching the top quartile for your age group is considered strong. What counts as 'good' also depends on your retirement goal — a household targeting $1.5M in investable (non-home) net worth needs very different savings rates depending on current age. Use the 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. For 45–54 year olds the median net worth is $675,800 (SFS 2023), while the average (mean) sits well above it — meaning more than half of households are below the mean. The overall Canadian mean is likewise well above the $519,700 median. The median is the better benchmark for 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.
Related Canadian tools
Net Worth Percentile Calculator →
Enter your age and net worth to see your exact percentile against the SFS 2023 breakpoints for your age band.
Median Net Worth Canada →
Why median ($519,700) beats the average as a benchmark — median vs mean explained, all ten provinces ranked.
Global Net Worth Report →
How Canada compares to the US, UK, Australia and beyond — median net worth by age and country, one sourced report.
Best AI Personal Finance App →
Richify vs Copilot, Monarch, YNAB and Empower — which AI finance app fits how you actually plan.
Net Worth Calculator →
Add all your assets and liabilities — get your full net worth to check against these percentiles.
TFSA Calculator →
Project your tax-free savings growth and see your cumulative contribution room.
RRSP vs TFSA →
Which registered account moves you up the percentiles fastest? After-tax comparison.
FHSA Calculator →
First Home Savings Account — $8,000/yr, $40,000 lifetime. Model your tax-free home deposit.
Coast FIRE Calculator →
The point where compound growth alone carries your RRSP, TFSA, FHSA to your full FIRE target — zero new contributions needed.
RRSP Contribution Calculator →
Your exact RRSP room — 18% of earned income up to the 2025 $32,490 cap, with carry-forward.
CPP Calculator →
Service Canada 2026: max $1,507.65/mo at 65, average $925.35. See your breakeven age and optimal start.
Retirement Planning Canada →
Readiness score across 3 scenarios. RRSP/TFSA/FHSA + CPP/OAS together — the full retirement income plan.
Average net worth in other countries
Compare where you'd rank across the major English-speaking economies — each with its own national survey data.
See how you compare every month.
Add your TFSA, RRSP, FHSA, home equity and investments once — Richify keeps your Canadian net-worth percentile up to date as markets move. Free on iOS and Android.
Get Richify freeData source: Statistics Canada, Survey of Financial Security 2023 (11-627-M2024047). For education only — not financial advice. © 2026 Richify.
