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Wealthy and worried: Why Canada’s millionaires feel financially behind

Lifestyle inflation and a social pressure to keep up with the Joneses play a role

Sartorial Wealth’s Shiraz Ahmed, at Scotia Plaza in Toronto, says that high-net-worth Canadians may feel financially strapped because their wealth is tied up in assets that aren’t easily accessible, like homes and investment portfolios.

Sartorial Wealth’s Shiraz Ahmed, at Scotia Plaza in Toronto, says that high-net-worth Canadians may feel financially strapped because their wealth is tied up in assets that aren’t easily accessible, like homes and investment portfolios.

5 min read

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July 15, 2026

Sartorial Wealth’s Shiraz Ahmed, at Scotia Plaza in Toronto, says that high-net-worth Canadians may feel financially strapped because their wealth is tied up in assets that aren’t easily accessible, like homes and investment portfolios.

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