Real Estate Holdings Drop by Record $322 Billion in Canada

Source: Bloomberg — 

Canadian households experienced a decline of almost C$1 trillion ($775 billion) in net worth in the second quarter amid plunging prices for homes and stocks.

The value of residential real estate holdings held by households fell by C$419 billion in the three months between April and June, while financial assets dropped by C$531 billion, Statistics Canada reported Monday in Ottawa.