Ottawa number one, Waterloo 10th best city to live in Canada
Posted Jun 8, 2016 08:21:08 AM.
This article is more than 5 years old.
Waterloo is the 10th best city in Canada to live according an annual survey by MoneySense Magazine.
The median household income is $87,662.
Guelph is ranked 32nd, Kitchener is 64th and Cambridge was 96th.
Ottawa, Burlington and Oakville are the top three cities on the MoneySense list.
The city with the cheapest homes is Bathurst. That’s in New Brunswick, where the average home price is $108,846. And the best city to retire is Rimouski, Que., with its low property taxes, museums and golf courses.
Toronto, with its multicultural makeup and international reputation, isn’t even the best city for newcomers: that honour goes to Ottawa with its technology and government jobs, and cultural diversity.
The best city to raise kids is Blainville, Que., where costs are capped at $8 a day.
The richest city in Canada is West Vancouver, where the average household net worth is $3.5 million. However, the city with the highest household income is Wood Buffalo, where the median income is $191,631.
In Toronto, the average household net worth is $707,462, and median household income is $60,209.
While Toronto real-estate prices are routinely described as ‘sky-rocketing,’ with the average home costing $1.28 million, the city with the fastest-growing home prices in percentage terms is Alma, Que. Home prices in Alma grew by 14 per cent year-over-year, MoneySense reported.
The fastest-growing city in the country is Okotoks, Alta., where the annualized population growth rate between 2011 and 2016 was 3.63 per cent. The population is now 30,267, MoneySense reported. For comparison, the population of Toronto is 2,849,222. So keep reaching for that rainbow, Okotoks!
The city with the most cyclists is Victoria, British Columbia, where 6.15 per cent of the population cycles to work.
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