Concordance measures for estimates of household wealth: Distributions of Household Economic Accounts, Survey of Financial Security and Equifax Canada

Table 1
Concordance between the Survey of Financial Security (SFS) and the National Balance Sheet Accounts (NBSA), 2012, 2016 and 2019
Table summary
This table displays the results of Concordance between the Survey of Financial Security (SFS) and the National Balance Sheet Accounts (NBSA) SFS, NBSA and Coverage (SFS/NBSA), calculated using millions of dollars and percent units of measure (appearing as column headers).
  SFS NBSA Coverage(SFS/NBSA)
millions of dollars Percent
2019
Total assets 13,556,182 14,686,028 92.3
Financial assets 6,613,501 7,961,751 83.1
Life insurance and pensions 2,513,121 2,844,582 88.3
Other financial assets 4,100,380 5,117,169 80.1
Non-financial assets 6,942,681 6,724,277 103.2
Real estate 6,264,424 5,954,552 105.2
Other non-financial assets 678,257 769,725 88.1
Total liabilities 1,866,265 2,403,411 77.7
Mortgage liabilities 1,507,421 1,648,717 91.4
Other liabilities 358,844 754,694 47.5
Net worth (wealth) 11,689,917 12,282,617 95.2
2016
Total assets 11,980,597 12,697,639 94.4
Financial assets 5,838,388 6,764,083 86.3
Life insurance and pensions 2,317,797 2,454,571 94.4
Other financial assets 3,520,591 4,309,512 81.7
Non-financial assets 6,142,209 5,933,556 103.5
Real estate 5,537,216 5,237,839 105.7
Other non-financial assets 604,993 695,717 87.0
Total liabilities 1,755,045 2,119,898 82.8
Mortgage liabilities 1,416,565 1,427,752 99.2
Other liabilities 338,481 692,146 48.9
Net worth (wealth) 10,225,552 10,577,741 96.7
2012
Total assets 9,367,532 9,667,747 96.9
Financial assets 4,666,076 5,071,707 92.0
Life insurance and pensions 1,871,134 1,914,428 97.7
Other financial assets 2,794,942 3,157,279 88.5
Non-financial assets 4,701,456 4,596,040 102.3
Real estate 4,186,037 4,020,480 104.1
Other non-financial assets 515,418 575,560 89.6
Total liabilities 1,337,071 1,750,587 76.4
Mortgage liabilities 1,029,811 1,136,022 90.7
Other liabilities 307,261 614,565 50.0
Net worth (wealth) 8,030,461 7,917,160 101.4
Note: NBSA estimates include the territories.
Source: Statistics Canada, Distributions of Household Economic Accounts, 2021.
Table 2
Concordance between Equifax and Distributions of Household Economic Accounts (DHEA) estimates for household mortgages and other liabilities, by distribution category, fourth quarter of 2019
Table summary
This table displays the results of Concordance between Equifax and Distributions of Household Economic Accounts (DHEA) estimates for household mortgages and other liabilities Total liabilities, Mortgage liabilities and Other liabilities, calculated using percent units of measure (appearing as column headers).
  Total liabilities Mortgage liabilities Other liabilities
percent
All households 80.8 79.0 84.9
Province
Newfoundland and Labrador 80.1 81.0 78.8
Prince Edward Island 82.5 74.0 94.0
Nova Scotia 84.5 91.0 77.4
New Brunswick 80.3 79.0 81.6
Quebec 85.1 81.1 93.8
Ontario 82.0 78.8 89.4
Manitoba 70.5 66.7 78.5
Saskatchewan 73.6 75.2 71.1
Alberta 77.0 75.3 80.6
British Columbia 80.0 82.0 75.4
Age group of major income earner
Under 35 years 61.2 59.8 64.6
35 to 44 years 78.4 76.0 86.3
45 to 54 years 80.8 78.0 87.9
55 to 64 years 93.6 99.9 85.3
65 years and over 106.4 110.9 101.9
Generation of major income earner
Millennials 67.9 66.4 72.5
Generation X 80.9 78.2 88.1
Baby boom 94.4 99.4 88.2
Pre-1946 97.7 95.6 99.5
Household type
One-person household 146.2 138.1 162.8
Multiple-person household 71.8 71.0 73.6
Source: Statistics Canada, Distributions of Household Economic Accounts, 2021; Equifax.
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