Quebec’s regions close GDP gap with Ontario
The report ties part of Toronto’s lead to its finance and insurance base, a sector where wealth management firms operate.
The report does not measure household net worth. Nationally, Statistics Canada data show the top 20% of households held 65.7% of net worth at the end of 2025, BNN Bloomberg reported. The bottom 40% held 3%, averaging $81,650 per household. The wealth gap between the top 20% and bottom 40% was 62.7 percentage points, up 0.6 points from a year earlier. The income gap, measured between the top 40% and bottom 40% of households, reached 46.7 percentage points in 2025.
Household net worth had topped $18.6 trillion in the first quarter, Wealth Professional reported. It rose 2.9% to $19.1 trillion in the second quarter of 2026, supported by strong equity market performance, MPA reported. Household debt also eased to about $1.76 per dollar of disposable income, its lowest level relative to income in nearly two years.
Advisors with clients in Montreal, Toronto or Quebec’s regions may find the findings useful context for discussions on local job markets and housing costs.
