Table:
1999
2005
2012
2016

2016 dollars

median wealth

a) 1999 cohort of recent immigrant families
27,263
170,400
325,800
504,009

b) 1999 cohort of canadian-by-birth families
88,733
182,917
395,645
520,163

relative wealth differences
3.25
1.07
1.21
1.03

percent

percentage of families with a principal residence

1999 cohort of recent immigrant families
31.2
60.3
68.1
78.7

1999 cohort of canadian-by-birth families
56.4
72.1
73.5
74.0

percentage of families with rpp assets

1999 cohort of recent immigrant families
20.8
29.6
33.2
46.6

1999 cohort of canadian-by-birth families
45.7
52.2
57.9
61.2

number of observations

sample sizes

1999 cohort of recent immigrant families
390
119
206
255

1999 cohort of canadian-by-birth families
5,454
1,700
3,752
3,701

Statement: in 2016, the median wealth of the 1999 cohort of canadian-born families was 1.03 times higher than that of the 1999 cohort of recent immigrant families.
Question: how many times was the median wealth of the 1999 cohort of canadian-born families higher than that of the 1999 cohort of recent immigrant families in 2016?
Answer: [1.03]