According to a survey by Statistics Canada, there are some 202,200 cooks and 131,000 carpenters in Canada. How comes? It is simple. Real estate prices are soaring. And the gap between income level and real estate prices has widened over the last years, which explains why many Canadians are in a lot of debt. But there is hope on the horizon. Debt to disposable income, which is a major indicator, has improved slightly, showing that Canadians are making financial baby steps toward prudent debt management. It seems that we are getting better at exerting self-control to get the bonus marshmallow from the famous Stanford study of the 60s. And national net worth has increased.
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