Which city is rich in Canada?

There isn't one single "richest city," as it depends on metrics, but Toronto often leads in overall economic power (GDP) and number of millionaires, while affluent communities within or near major cities, like West Vancouver, Westmount, and Rocky View County (AB), often top lists for average household wealth. Wood Buffalo (AB) has also been cited for extremely high median household incomes due to the oil industry, showing wealth concentrated in specific regions, says Derek Leippi.

What is the richest city in Canada?

1. Toronto, Ontario - $430.9B GDP. As Canada's largest city and financial hub, Toronto led the country with a total GDP of $430.9B in 2020. The finance sector, driven by the Toronto Stock Exchange, is a key contributor.

Which city do rich people live in Canada?

Toronto and Vancouver Lead Canada's Millionaire Boom

The West Coast hub shares the 37th spot with Austin, Texas. Known for its tech startups, thriving real estate, and wealthy immigrants, Vancouver continues to attract top-tier global wealth.

Is Vancouver or Toronto richer?

Toronto is the highest-ranking Canadian city, in 15th place. According to the report, 108,400 millionaires, 184 centi-millionaires, and 20 billionaires live in Ontario's capital. From 2014 to 2024, the city saw an 18 per cent growth in millionaires. Vancouver took the 29th spot on the list.

What are the top 3 cities in Canada?

Canada's top 3 cities, consistently ranked by population and influence, are Toronto, Montreal, and Vancouver, forming the country's largest metropolitan areas known for finance, culture, and natural beauty, respectively. Calgary and Ottawa often follow, rounding out the top five most populous cities. 

Driving through a wealthy neighbourhood in Toronto. What expensive houses in Toronto look like

Which city in Canada is best to live in?

The "best" city in Canada depends on your priorities, but Calgary often tops lists for quality of life, affordability (low taxes, high purchasing power), safety, and proximity to nature (Rockies). Other top contenders include Ottawa (stability, culture), Vancouver (natural beauty, mild climate, but expensive), Edmonton (affordability, economic opportunities), and Montreal (culture, nightlife, affordability). Smaller cities like Quebec City, Halifax, and Kelowna offer great balance and charm. 

What is safer, Toronto or Vancouver?

While overall crime rates have decreased in recent years, Toronto experiences higher rates of violent crimes compared to Vancouver. The city's Crime Severity Index (CSI) has fluctuated, but generally sits above Vancouver's, indicating a higher volume and/or severity of reported crimes.

Which city has the most money in Canada?

1. New York City, New York. New York remains unmatched as the wealthiest city in America in 2025. As the country's financial capital, it houses more millionaires and billionaires than any other U.S. city.

Which city has the highest cost of living in Canada?

Vancouver is consistently ranked as Canada's most expensive city, primarily driven by its extremely high housing costs, though Toronto also ranks very high, often competing for the top spot in overall living expenses. Victoria, British Columbia, and Calgary, Alberta, frequently appear in the top five alongside Vancouver and Toronto.
 

Who owns 90% of Canada?

The majority of all lands in Canada are held by governments as public land and are known as Crown lands. About 89% of Canada's land area (8,886,356 km2) is Crown land, which may either be federal (41%) or provincial (48%); the remaining 11% is privately owned.

What is the top 10 richest city?

Rank City State Total Private Wealth 1 New York City New York $4 trillion 2 San Francisco Bay Area California $2.7 trillion 3 Los Angeles California $1.5 trillion 4 Houston Texas $975 billion 5 Washington D.C. D.C.

What is the most expensive country in Canada?

British Columbia is Canada's most expensive province.

Which city is best to earn money in Canada?

Top Cities in Canada for Job Opportunities

• Toronto. As Canada's financial and cultural heart, Toronto remains a powerhouse when it comes to career opportunities. ...
• Vancouver. ...
• Calgary. ...
• Montreal. ...
• Ottawa.

Is Canada rich than the USA?

No, the United States is significantly richer than Canada in terms of overall economic output (total GDP) and average income (GDP per capita), though Canada often shows better results in wealth distribution, with lower income inequality making the poor relatively better off than their U.S. counterparts, but the U.S. still has a much larger total economy and higher average wealth per person. 

Where do billionaire live in Canada?

Lake Joseph is a sparkling jewel within Ontario's renowned Muskoka Lakes region, celebrated for its serene waters, forested shores, and prestigious real estate. Among its most famous areas is Billionaire's Row, a secluded yet distinguished stretch of shoreline known for its magnificent luxury cottages and estates.

Where are most millionaires in Canada?

According to Henley and Partners' 2025 World's Wealthiest Cities Report, Toronto stands as Canada's top city for millionaires, ranking 15th globally. The city is home to 108,400 millionaires, 184 centi-millionaires, and 20 billionaires.

In which city do most billionaires live?

New York City consistently ranks as the city with the most billionaires in the world, leading lists from sources like Forbes and Visual Capitalist for 2024-2025, followed by major financial hubs like London, Shanghai, Beijing, and Mumbai, though exact numbers vary slightly by report.
 

Which city is colder, Toronto or Vancouver?

No, Vancouver is generally not colder than Toronto; Toronto experiences much harsher, colder winters with significant snow, while Vancouver has milder, wetter winters with less extreme cold and infrequent snow, making Toronto's winters feel significantly colder. Toronto has more extreme temperature swings, with hot, humid summers and frigid winters, compared to Vancouver's temperate, less varied climate. 

Is it safe to walk in Vancouver at night?

It is generally safe to walk in Vancouver at night. But be mindful of your surroundings, stick to crowded, well-lit areas, and always carry a cell phone. Know where you are going and walk with purpose. Try to avoid walking in Gastown, Chinatown, and the Downtown Eastside late at night.

Where do most Americans live in Canada?

Where do most Americans live in Canada? Most Americans settle in Ontario and British Columbia, especially in Toronto and Vancouver, while others choose Montreal, Calgary, or Ottawa.

What is the highest crime city in Canada?

Quick Summary / Key Takeaways

• Surrey, BC leads Canada's 2025 crime index at 64.7.
• Winnipeg records the country's highest violent crime rate.
• Vancouver's DTES remains Canada's most concentrated crime zone.
• Ottawa's ByWard Market and Lower Town face triple the city average in violent incidents.

What is the nicest city in Canada to live in?

Top 15 Best Places to Live in Canada

• Vancouver, British Columbia. ...
• Winnipeg, Manitoba. ...
• Waterloo, Ontario. ...
• Toronto, Ontario. ...
• Saskatoon, Saskatchewan. ...
• Charlottetown, Prince Edward Island. ...
• Fredericton, New Brunswick. ...
• Quebec City, Québec.