Income inequality in Canada's biggest cities

Rising inequality in Canada is an urban phenomenon, primarily affecting our largest cities. Francis Fong, CPA Canada’s chief economist, looks at this issue and shares his research in The Globe and Mail.

Canada has one of the highest rates of urbanization in the advanced world, with more than four out of five Canadians living in an urban area. Though there are certainly benefits to urban living, the rapid pace of urban growth has led to concerns that it is also unsustainable.

Sky-high housing prices have outpaced income growth in many of Canada’s largest cities, including Toronto, Montreal, Vancouver and Calgary. In fact, and not surprisingly, our research shows that income inequality is rising fastest in Canada’s four largest cities.

Francis Fong, CPA Canada’s chief economist, takes a deeper look at this issue in The Globe and Mail.