Australia is among the richest countries in the world, ranked fifth in terms of household wealth on a country-by-country basis, with average wealth per capita rising above US$50,000, according to a Credit Suisse report. Australia, which accounts for just 0.5 percent of the global population, ranked fourth in the world for the number of millionaires as…

Australia is among the richest countries in the world, ranked fifth in terms of household wealth on a country-by-country basis, with average wealth per capita rising above US$50,000, according to a Credit Suisse report. Australia, which accounts for just 0.33 percent of the global population, ranked fourth in the world for the number of millionaires as…

Canada’s average home price hit a record high of $816,720 last month, says the Canadian Real Estate Association (CREA). The group, which represents over 150,000 realtors across Canada, said in a March 15 release that sales were up in roughly 60 percent of markets in February, with the largest jumps in Calgary and Edmonton. CREA attributed the…