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Chart: Average household income and other info


jesseps
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Side note: they have some interesting heat maps of Toronto, Montreal, Vancouver and Calgary showing where net worth is increasing/decreasing and which areas hold the most debt per capita.

 

I live in an upper middle-class area, and am surprised to find out that average net worth dropped by more than 10% in my area, and the average household debt is between 150,000 and 200,000. A few people living beyond their means?

 

http://www.theglobeandmail.com/globe-investor/personal-finance/wealth-and-debt-distribution-across-canadas-largest-cities/article1640972/

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Of course, their fvcking maps have the legend right over Brossard, so we can't see anything there...idiots! Why didn't they put the Legend over an emplty place like Mirabel? Instead of putting it on one of the most populous cities in the Greater Montreal region!?!

 

On a different note, it's sad to see Montreal and Q.C. always at the bottom of the list. What bugs me even more is the fact that some people are actually comfortable with this situation!

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Of course, their fvcking maps have the legend right over Brossard, so we can't see anything there...idiots! Why didn't they put the Legend over an emplty place like Mirabel? Instead of putting it on one of the most populous cities in the Greater Montreal region!?!

 

On a different note, it's sad to see Montreal and Q.C. always at the bottom of the list. What bugs me even more is the fact that some people are actually comfortable with this situation!

 

Well, its not all bad. Our DTI is significantly better. We are at 1.272 while Toronto is at 1.461, Calgary at 1.545 and Vancouver a horrible 1.905. That is a pretty big difference in PITI payments annually.

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Well, its not all bad. Our DTI is significantly better. We are at 1.272 while Toronto is at 1.461, Calgary at 1.545 and Vancouver a horrible 1.905. That is a pretty big difference in PITI payments annually.

 

 

true that when you take everything into consideration, things aren't as bad as they look. we might have less money, but the cost of living is also much lower over here compared to the other provinces!

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true that when you take everything into consideration, things aren't as bad as they look. we might have less money, but the cost of living is also much lower over here compared to the other provinces!

 

Yes, plus you have to take into account that our disposable income is lower because of higher taxes but taxes pays for a few subsidised services in return. I'm particularly thinking about the 7 $/day daycare, the same service costs a fortune in other province and I wouldn't be surprise that a family with 2 or more children is actually better off in quebec. Comparison in terms of standard of living always tend to be a bit tricky.

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Yes, plus you have to take into account that our disposable income is lower because of higher taxes but taxes pays for a few subsidised services in return. I'm particularly thinking about the 7 $/day daycare, the same service costs a fortune in other province and I wouldn't be surprise that a family with 2 or more children is actually better off in quebec. Comparison in terms of standard of living always tend to be a bit tricky.

 

You're right, about $20 K per year for 2 kids here in Vancouver. Plus 40 to 50 pc of income goes to rent or mortgage when 2 parents work full time, for average earners.

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Yes, plus you have to take into account that our disposable income is lower because of higher taxes but taxes pays for a few subsidised services in return. I'm particularly thinking about the 7 $/day daycare, the same service costs a fortune in other province and I wouldn't be surprise that a family with 2 or more children is actually better off in quebec. Comparison in terms of standard of living always tend to be a bit tricky.

 

Here's a comparison chart of Alberta's tax regime compared to other provinces, from Alberta's 2010 Budget document (http://www.finance.alberta.ca/publications/budget/budget2010/tax-plan.pdf) :

 

albertatax.png

 

Note that the low-income / many kids scenario leads to big benefits in Quebec but high-income or no kids favours Albertans heavily.

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Tous les chiffres risquent en effet d'être trompeurs tant qu'on n'arrive pas à comparer des pommes avec des pommes...

 

Par exemple, les tableaux montrent les revenus, investissements, dettes des ménages. ("household") Mais rien ne nous dit quelle est la proportion des gens qui vivent seuls dans chaque ville.

 

Or, avec quatre grosses universités, il est probable que Montréal ait la plus grande proportion de jeunes adultes, étudiants et plutôt pauvres, vivant hors du foyer familial, de toutes les villes canadiennes. Voilà déjà un facteur décisif pour baisser une moyenne de revenu par ménage, une moyenne d'investissement, etc.

 

Mon exemple ne veut pas dire que ces chiffres n'ont aucune validité. Mais il invite déjà à conclure qu'on ne peut pas, à partir d'une moyenne générale, prétendre par exemple comparer le revenu disponible de membres de la classe moyenne.

 

Les remarques de Greg ajoutent un autre aspect à la question. Le revenu net des QUébécois est certainement plus bas qu'ailleurs, puisque les taxes et impôts sont plus élevés. Mais cela ne dit pas grand chose sur la qualité de vie réelle, puisque les services publics sont également plus généreux, le prix des maisons et loyers moins élevé, etc.

 

Enchaînons d'ailleurs sur le prix des maison. Le principal investissement de bien des gens est l'immobilier. Mais toutes les études montrent que les QUébécois consacrent une part moins grande de leur revenu aux "dépenses lourdes", maison et auto, et une plus grande part aux "dépenses légères", restaurant, vêtement, voyages. Il y a sans doute là un trait culturel. Mais ça joue sans doute sur le prix des maisons : la demande étant moins grande, les prix sont moins élevés.

 

Ce qui explique au moins en partie pourquoi les Montréalais semblent investir moins et semblent moins endettés que les autres Canadiens.

 

Tout ça mériterait encore des précisions et des nuances, mais l'idée générale est qu'il faut être prudent avec les chiffres et savoir poser les bonnes questions dans l'interprétation.

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