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April 13, 2026HOUSEHOLD WEALTH, Q4 2025 Household Assets, Liabilities and Net Worth
Canada’s average assets were $1,268,248 in Q4 2025. Nova Scotia’s assets were well below the national average at $856,210. Nova Scotia's household liabilities were $122,753 per household. As a result, Nova Scotia's net worth came to $733,458 per household, the third lowest among the provinces. British Columbia and Ontario had the highest per household wealth among all provinces while New Brunswick had the lowest net worth per household.
Nova Scotia's net worth increased by 5.7% from Q4 2024 to Q4 2025, faster than the national average (+5.3%). All provinces reported gains over the same quarter the previous year. Saskatchewan reported the fastest gain in net worth, while British Columbia reported the slowest gain.
Compared to Q4 2024, national assets per household increased by $60,912 while liabilities increased by $7,020, bringing national net worth up by $53,892. Nova Scotia’s assets increased by $45,649 per household while liabilities grew by $5,923 from Q4 2024 to Q4 2025, increasing Nova Scotia's net worth per household by $39,727, the third-smallest increase among provinces.
In detailed assets and liabilities Nova Scotians continued to have the highest life insurance and pension assets per household. British Columbia and Ontario had real estate assets far above the national average of $514,104.
The national level for mortgage liabilities in Q4 2025 was $139,907. Nova Scotia mortgage liabilities per household were the third lowest among provinces at $78,484. Other non-mortgage liabilities for Nova Scotia were below national average at $44,269 per household.
Nova Scotia's per household life insurance and pension assets increased by $19,727 from Q4 2024 to Q4 2025, the fastest gain among provinces. Nova Scotia’s other financial assets increased by $24,598 over this period. National life insurance/pension assets were up $14,942 per household with gains in all provinces, while other national financial assets were up by $47,477 per household with gains in all provinces (led by Ontario).
Nova Scotia’s real estate asset values declined by $443 per household from Q4 2024 to Q4 2025. Nationally, average real estate assets per household fell by $3,486 per household with declines in all provinces except in New Brunswick and Québec, led by Ontario.
Nova Scotia's mortgage liabilities rose by $4,795. The national average mortgage liability per household increased by $5,694. Nova Scotia's other liabilities increased by $1,129 while the national average over the four quarters increased by $1,326.
Household net worth grew in all provinces from Q3 to Q4 2025.
Source: Statistics Canada. Table 36-10-0661-01 Distributions of household economic accounts, wealth, Canada, regions and provinces, quarterly (x 1,000,000)
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