Best Place to Live in Canada...

Canada's Best Places to Live: Different Again

MoneySense Magazine - a Canadian personal finance publication - has revealed its Top 10 Best Places to Live in Canada in 2010:

  1. Ottawa-Gatineau, ON
  2. Kingston, ON
  3. Burlington, ON
  4. Fredericton, NB
  5. Moncton, NB
  6. Repentigny, QC
  7. Brandon, MN
  8. Victoria, BC
  9. Winnipeg, MN
  10. Levis, QC

The magazine used data compiled from 179 Canadian cities and towns with populations over 10,000 people. They rated cities based on the following (with sub-categories in each):

  • Home Affordability, based on
    • Average house price
    • Time to buy a house
  •  Healthcare
  • Crime rates
  • Lifestyle

Lowest "Average" Home Prices in Canada

The Top 10 cities/towns in the Housing category had the following data for "average home price":

  1. Portage la Prairie, MB: $99,521
  2. Yorkton, SK: $109,408
  3. Cape Breton, NS: $110,981 (which also ranked #1 in affordable housing out of 34 Canadian markets last year)
  4. Elliot Lake, ON: $114,068
  5. Bathurst, NB: $116,289
  6. Fredericton, NB: $125,987
  7. Timmins, ON: $127,883
  8. Thunder Bay, ON: $128,513
  9. La Tuque, QC: $129,510
  10. Baie-Comeau, QC: $134,022

Of course, I've blogged here before about what we think of "average home price" as a statistical benchmark, as have other members of the CENTURY 21 System.

And we've reported on past surveys that rate different cities/towns as the "best" - such as two very different rankings put out in February of this year: by the Conference Board of Canada and by CIBC World Markets. We titled our blog post summing up those studies, "Calgary or Halifax: Who's Number One?"

So, my advice: take these reports/surveys with a large grain of salt. Know that your city/town, and your neighbourhood is "hot" for many reasons the pollsters didn't take into account; and that your home likely isn't "average." (Whose is?)

There is some great feedback - from across this land - on the cities chosen as "best places to live." Check out the comments, and why not leave your own - here at our blog and/or on the MoneySense site.

Shireen Preksta

Shireen Preksta

Broker of Record
CENTURY 21 Dreams Inc., Brokerage*
Contact Me