Globalization, Technology and Inclusive Growth Canada-Australia Public Policy Initiative April 13, 2018 Paul Rochon, Deputy Minister of Finance Government of Canada
Ratio of top 10% to bottom 40% average market income, Canada, 1976-2016 Ratio 10.5 9.5 8.5 7.5 6.5 5.5 1976 1981 1986 1991 1996 2001 2006 2011 2016 Notes: In order to take into account the economies of scale present in larger households, market income is adjusted by dividing the household income by the square root of the household size. Sources: Statistics Canada: Survey of Consumer Finance, Survey of Labour and Income Dynamics, Canadian Income Survey.
Share of uninsured mortgage origination with loan- Home price index in major cities, to-income ratios greater than 450% , by income Canada and Australia, 2012-2017 groups, Canada, 2016 2012:Q1 = 100 Per cent 190 Income Groups 50 Toronto 45 180 44 40 170 Sydney 35 160 30 150 28 25 140 Melbourne 20 21 130 15 120 14 10 Vancouver 110 5 7 100 0 90 1st (lowest) 2nd 3rd 4th 5th (highest) 2012:Q1 2013:Q1 2014:Q1 2015:Q1 2016:Q1 2017:Q1 Sources: Canadian Real Estate Association (MLS Home Price Index); Australian Note: Low-ratio mortgages are defined as mortgages with loan-to-value ratios Bureau of Statistics (Residential Property Price Index); Department of Finance ≤80%. Sources: Bank of Canada: November 2017 Financial System Review. It may Canada calculations. include some mortgages that are portfolio insured after origination.
Trends in working age employment by educational attainment, United States Millions From 2007 to 2017: 45 +6.4 M Bachelor's degree and higher 40 35 -6.8 M High school diploma or less 30 -1.2 M 25 Some college or associate degree 20 Notes: Education groups are not fully comparable across countries; Cover workers aged 25 to 54 years. Sources: U.S. Bureau of Labor Statistics; Department of Finance calculations.
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