Own property? What you may not know is…
…You’re probably over-invested in Canada
In the last few years, Canadians have become more excited about real estate, with some saying “if I can get in, it’s the best investment I can make.” There’s no question that many have seen the value of their property increase.
1. An imbalance of real estate compared to overall net wealth:
Source: Stats Canada, Survey of Financial Security, 2016. Released in The Daily, Thursday, December 7, 2017.
2. Your financial well-being is already tied to the Canadian economy – and your local market.
Consider the situation of many Canadians who were impacted when the price of oil declined. It may have affected more than just the value of your investments in the financial markets.
3. Your investments may also demonstrate “home-country bias”
The Canadian market represents less than 4% of the world’s market capitalization, while the average Canadian holds more than 70% in Canadian investments…
WHAT CAN YOU DO TO REDUCE YOUR OVER-INVESTMENT IN CANADA?
For many, selling your house or changing careers isn’t realistic – but you can adjust where you invest. Talk to your financial advisor today about how investing globally can diversify your portfolio.