190 Canadian cities and towns have been ranked by Moneysense magazine and you may find some of the cities you’d have expected in the top 10, lower in the rankings.
Canada’s capital, Ottawa, has been ranked the number one place in Canada for the third year in a row, due to the combination of having affordable home prices relative to other major Canadian cities, a low crime-rate and, thanks to a large number of federal government jobs, a high average income.
Burlington, Ontario, a city in the Greater Toronto Area with a population of 175,000, took the number two spot in the ranking due to its high average income, extremely low crime rate and excellent weather, while Victoria, BC, was pushed down from last year’s second place showing to 35th place.
Canada’s most populated cities, Toronto, Montreal and Vancouver have been ranked 47th, 149th and 56th respectively. This is a bit surprising since Vancouver, for example, was ranked tied for 4th as the world’s best city to live by Mercer.
The methodology by Moneysense has received much attention with both praise and criticism. It works by ranking the cities by 22 categories, for example culture, weather, unemployment, childcare spaces, and crime. However, some of these categories, sub-categories and the scoring system have been criticized.
All in all, we’d recommend that you take a look at the rankings list and see where cities stand in each category.
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