Canada's Best Places to Live 2018: Top 100 richest cities

Canada’s Richest Places 2018: Top 100

A B.C. city tops the list with an average household net worth of $4.5 million

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Dundarave Park in West Vancouver. (Shutterstock)

Canada’s hottest housing markets may have cooled down over the past year, but the list of Canada’s wealthiest cities shows household net worth is still linked to property prices.

Once again, West Vancouver tops the list with an average household net worth of $4.5 million. The city’s average household income may be the fourth highest in the country at $210,000, but West Vancouver’s average housing price of $2.9 million — the highest in the country — is the major force behind the size of its residents’ nest eggs.


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The numbers highlight the scale of wealth inequality in Canada, despite our international image as a land of soft hearts and social safety nets. The city with the lowest average household net worth in the country is Thompson, Man., at $152,000. The average West Vancouver household is worth 19 times that — and the members of that household could buy 13 houses in Thompson if they cashed out their house and investments and decided to move.

Wealthy bedroom communities surrounding Canada’s major cities dominated the top of the list. Despite what you might think about the deep pockets of someone who can afford to live in the Vancouver or Toronto core, those cities had the 35th and 63rd highest average household net worths in the country, respectively. At $1.2 million, the average net worth of a Vancouverite is just one-quarter of the value of the nest egg of the average neighbour in West Vancouver.

West Vancouver is one of four B.C. cities among the top 10 wealthiest in the country. Ontario (north-of-Toronto suburbs King and Whitchurch-Stouffville), Quebec (Westmount and Mont-Royal) and Alberta (Rocky View County and Foothills 31, a municipal district south of Calgary) each boast two cities in the top 10.

Oakville, Ont., this year’s winning city in the Best Places to Live ranking, barely missed making the top 10 wealthiest cities. Its average household net worth of $1.7 million landed it in 11th place.

Average household net worth is part of the wealth and economy category of the main Best Places to Live ranking. The category is worth 20 per cent of the final score. For more information, please see the methodology page.


The Top 100

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Rank City Province Average household net worth
1 West Vancouver BC $4,536,269
2 Westmount QC $3,953,205
3 Rocky View County AB $3,324,565
4 King ON $2,655,435
5 Mont-Royal QC $2,392,238
6 Oak Bay BC $2,269,821
7 Foothills No. 31 AB $2,200,516
8 Whitchurch-Stouffville ON $2,150,564
9 North Saanich BC $1,919,655
10 North Vancouver BC $1,869,495
11 Oakville ON $1,742,036
12 Greater Vancouver BC $1,737,120
13 Beaconsfield QC $1,686,729
14 Vaughan ON $1,667,910
15 Markham ON $1,558,876
16 Aurora ON $1,532,968
17 Richmond Hill ON $1,506,729
18 Canmore AB $1,478,315
19 Whistler BC $1,460,422
20 Caledon ON $1,321,060
21 East Gwillimbury ON $1,297,341
22 Uxbridge ON $1,239,068
23 Guelph ON $1,238,885
24 Erin ON $1,227,807
25 Adjala-Tosorontio ON $1,222,657
26 Salt Spring Island BC $1,215,726
27 Leduc County AB $1,209,819
28 Richmond BC $1,204,103
29 Sturgeon County AB $1,190,977
30 Halton Hills ON $1,190,923
31 Strathcona County AB $1,171,105
32 Red Deer County AB $1,164,171
33 Delta BC $1,159,633
34 Niagara-on-the-Lake ON $1,158,477
35 Vancouver BC $1,157,164
36 Kirkland QC $1,155,315
37 Langley BC $1,151,960
38 C™te-Saint-Luc QC $1,145,920
39 Woolwich ON $1,138,679
40 Milton ON $1,129,276
41 Coldstream BC $1,118,086
42 Central Saanich BC $1,114,604
43 Parkland County AB $1,099,697
44 Pelham ON $1,076,665
45 Springwater ON $1,076,378
46 Middlesex Centre ON $1,070,186
47 Chestermere AB $1,058,807
48 Burlington ON $1,054,536
49 Port Moody BC $1,043,799
50 Saanich BC $1,029,461
51 White Rock BC $1,012,789
52 Lacombe County AB $1,011,062
53 Oro-Medonte ON $995,684
54 Grande Prairie County No. 1 AB $988,373
55 Rosemère QC $984,506
56 Sidney BC $952,710
57 Newmarket ON $947,429
58 Rothesay NB $944,683
59 West Kelowna BC $944,206
60 Lake Country BC $943,283
61 Burnaby BC $926,533
62 Okotoks AB $907,079
63 Toronto ON $906,663
64 Surrey BC $901,133
65 St. Albert AB $900,192
66 Pickering ON $899,725
67 Scugog ON $898,962
68 Lincoln ON $894,324
69 Mont-Saint-Hilaire QC $890,806
70 Cochrane AB $885,205
71 Wellesley ON $882,827
72 Saint-Lambert QC $881,272
73 Coquitlam BC $878,780
74 Weyburn SK $871,306
75 Clearwater County AB $869,801
76 St. Andrews MB $869,091
77 Saint-Bruno-de-Montarville QC $864,221
78 Calgary AB $861,346
79 Mississauga ON $850,977
80 Kelowna BC $842,929
81 Boucherville QC $841,621
82 Lloydminster AB $841,349
83 Waterloo ON $834,766
84 Bradford West Gwillimbury ON $828,688
85 Ajax ON $828,684
86 Beaumont AB $819,895
87 Whitby ON $817,453
88 Wilmot ON $810,640
89 Maple Ridge BC $803,882
90 Grimsby ON $794,933
91 West Lincoln ON $794,884
92 Bonnyville No. 87 AB $789,157
93 Brant ON $787,951
94 Mapleton ON $787,116
95 Smith-Ennismore-Lakefield ON $783,661
96 Saint-Augustin-de-Desmaures QC $782,240
97 Meaford ON $782,162
98 Summerland BC $780,416
99 Georgian Bluffs ON $779,256
100 Perth East ON $778,419