Canadians Becoming Millionaires on the Rise

Boston Consulting Group (BCG) released a report showing that in the past year substantially more Canadian households have become millionaires. In 2016, there were 485,000 millionaires, up from 385,000 in 2015. These 2016 statistics represent 3.5 percent of all homes in Canada and 32.5 percent of the nation’s combined wealth.

The report moved the country to fifth on the list of countries with the most millionaires, up from eighth place the previous year. If you desire to relocate to Canada, contact Canadian Visa Expert to simplify the worker visa process.

The forecast for Canada is looking bright. BCG has estimated there will be 785,000 millionaire households by 2021, an increase of 5.5 percent. This would represent 5.5 percent of all Canadian households. The whole wealth of households in the country is expected to increase from $5 trillion to $5.9 trillion in the next five years.

Your financial dreams can come true in this country. Canadian Visa Expert is ready to help you apply for a Canadian worker visa to be able to live and work in Canada.