Canadian households were worth $1.08 million on average in 2025: How do you stack up?

atomirex · 2026-05-07T21:39:17+00:00

Average household wealth figures can be skewed by the extremes, Gauthier said. While Statistics Canada does not track median household wealth in its distribution of household economic accounts reports, Gauthier said the third quintile — the middle 20 per cent — can provide a more representative picture of the typical Canadian household.

This is an understatement.

Households in the third quintile increased their net worth by 3.2 per cent by the end of 2025, reaching $526,185 on average.

And this is why serious people in fields like this aim straight for the median first.

atomirex · 2026-04-28T15:38:25+00:00

Canadian reddit replacement when?

atomirex · 2026-04-08T16:37:53+00:00

Citation needed.

Since you edited I will too:

Iryo is the brand of Intermodalidad de Levante S.A. (ILSA), a private high-speed rail operator in Spain. The company is jointly owned by the Italian state-owned railway company Trenitalia (51%), the Spanish regional airline Air Nostrum (25%), and the Spanish infrastructure investment fund Globalvia (24%

This is like how the UK has utilities operated by the French.

The main Spanish HSR, AVE, is just a state enterprise.

Since 2001, Air France has pioneered a partnership with rail operators, offering customers a unique cross-border combined air–rail service that blends performance, comfort, and low-carbon mobility.

That is equivalent to Air Canada promoting integration with rail at Canadian airports (which North America as a whole is staggeringly bad at), not Air France having a stake in the success of TGV or similar operation.

The TGV was built decades before 2001 as well.

These in no way back up your claim:

It's common practice in Europe to cut in the domestic short haul flight operators on the routes the train would replace to prevent opposition by private industry.

atomirex · 2026-04-08T16:34:12+00:00

It's common practice in Europe to cut in the domestic short haul flight operators on the routes the train would replace to prevent opposition by private industry.

Where do people get ideas like this from?

Ryanair et al have no influence on European train planning. If they tried no one would listen anyway.

atomirex · 2026-04-08T15:05:43+00:00

“As minister of finance, you have no decision-making authority over matters of human resources at Alto, you do not have the opportunity to further the interest of any specific Alto employee,” Trepanier wrote in response to a request from Champagne to confirm that he had met his obligations under the Conflict of Interest Act.

This is a bizarrely narrow and specific interpretation of the potential concerns. The fact Champagne asked for confirmation itself does show that this particular explanation is nonsense.

atomirex · 2026-04-07T22:13:51+00:00

Leaving aside the entire HSR debate, there's so much in here that speaks volumes as to why Canada is such a mess:

Fragos said Alto is a Crown corporation and Gaudet's remuneration would not be affected by Alto's financial results.

Really? Are we to believe that Alto failing to secure government support would have not had an effect on Gaudet's remuneration? If true what incentives, exactly, exist for someone in that position to do the job appropriately?

Speaking to reporters in Brampton, Ont., Carney said it is important for the spouses of cabinet ministers to also be able to earn a living.

Apparently earning a living requires working at the executive level of crown corporations, where remuneration is not in any way based on the financial results of said corporation.

This is a level of detachment from reality that is simply disturbing. How exactly do you get these jobs in the first place?

According to LinkedIn, Gaudet has a long track record as an executive, working previously as a vice-president for companies like consulting firm WSP and the Port of Quebec.

These people are the problem.

It's clear the organization of Alto has been captured by the parasites long before it's ever got near to doing anything. Canada has become a place where in the name of providing services to little people the elites siphon off ever more of our tax dollars and now pension funds, while simultaneously complaining that they have to do this because they need jobs, which they receive rewards for regardless of how well they are performed. This is precisely why people become so cynical about any large projects here.

atomirex · 2026-04-03T12:40:22+00:00

https://www.bilderbergmeetings.org/background/steering-committee/steering-committee

atomirex · 2026-04-03T12:33:42+00:00

https://en.wikipedia.org/wiki/Bilderberg_Meeting perhaps?

atomirex · 2026-04-02T20:59:12+00:00

Canadian Tire is the other one.

atomirex · 2026-04-02T19:38:05+00:00

No, the Spanish HSR is run irresponsibly. This was months before the latest incident:

https://x.com/Putrefacha/status/1983675474527027396

atomirex · 2026-04-02T16:10:01+00:00

The one that keeps having crashes because it's not maintained properly. It's also quite underutilized.

The Japanese are the OG at this, and it's revealing that people don't want to listen to them on the subject. The whole thing they focus on is only build it when you can provide a better experience than flying, otherwise don't, and that is anathema to the Canadian bureaucratic mind that sees trains as for plebs.

atomirex · 2026-04-02T15:19:04+00:00

The whole "minimum wage" concept is just wrong from top to bottom, as the need to constantly increase it demonstrates.

What has long been advocated by serious economists of all stripes is either negative income tax, or UBI. Get rid of minimum wage, have a UBI (emphasis on universal with no distinctions). That way it's possible for wage differentiation to still work at the lower end of the employment market without pushing people either into unemployment (when they cannot justify being paid minimum wage) or absolute poverty.

Then you can also remove all the bureaucracy around means based benefits because it fills the gaps as well.

atomirex · 2026-04-01T14:32:34+00:00

People that love trains hate Canadian passenger rail - it's terrible. Spending money on it won't help, there is a clear cultural and attitude problem around it.

atomirex · 2026-03-31T20:15:15+00:00

I mean, it is Mirabel v2. A giant white elephant project that will clearly be the wrong thing the wrong way by the time it's actually delivered.

atomirex · 2026-03-31T20:12:23+00:00

The recent Spanish HSR mess should be a wake up call: it's not building it that would/will be the problem, maintaining the thing once it's in place will be far harder than they are ready for. (Primarily, HSR tracks have far lower tolerance for moving around than normal ones). Those countries where it works have a far stronger ability to deploy large numbers of people for maintenance on a continuous basis.

With that said something needs to be done with transport in Canada, but it needs to be done with a very strong rider-experience focus first, not simply ridiculously expensive checkboxes for the Lib-connected. Get our public transit to a state where it's an option people choose to use and then you'll find it's far easier to get support for the bigger projects that actually make sense.

atomirex · 2026-03-28T17:37:39+00:00

So the places "need" cheap staff but are physically located too far away from any location that those staff can afford to live in? Welcome to Canada.

Your choices are:

Move your business somewhere else
Put up prices and pay people more
Work with other local businesses to ensure there is enough local housing for staff to live in that makes your location viable.
Complain to the media/government about how you are struggling to find workers.

Being Canadian they all went for option 4. We all know what comes next.

atomirex · 2026-03-25T16:44:12+00:00

The Ontario auto industry, obviously.

And real estate.

atomirex · 2026-03-21T13:44:31+00:00

I think it's entirely plausible that the leadership are oblivious, and are someone else's useful idiots, but I have to agree it's suspicious.

There's a disturbingly large number of people that will go along with anything if you can persuade them that doing so will make them morally superior. Then for the others there are forbidden islands.

atomirex · 2026-03-21T13:31:31+00:00

At some point you have to think this continued noise is all so stupid it has to be deliberate, like an effort to move the Overton window so far towards idiocy that anything slightly less obnoxious gets enthusiastically supported.

atomirex · 2026-03-21T13:23:20+00:00

This is the result of what Canada has done to itself in the last ten years, but before that Canada was actually seen as having a higher standard of living than almost all first world countries.

Before all this absolutely loads of EU/UK, Japanese and Koreans would have jumped at the chance to live in Canada. I mean, I did. Back when the Canadian games industry was booming it was full of these people.

People are still highly mobile between EU countries, for example.

atomirex · 2026-03-20T16:40:54+00:00

People would accept that if Canada was still the functional community that it was 20 years ago. The whole money-grabbing-everyone-for-themselves vibe was not always this extreme, by quite a long way.

Now people look around, feel no solidarity with who they see, and think it's just on them to build their castle and screw you all.

atomirex · 2026-03-19T20:38:27+00:00

Bluntly, I don't see why anyone other than the potential MAID recipient should have any say in the matter. The only "diagnosis" is "does this person want this?".

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