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The Richest Cities And Towns In Canada


The Huffington Post Canada | By Daniel Tencer Posted: 06/27/2012 3:55 pm Updated: 06/27/2012 3:55 pm


The home of the oil sands is the richest municipality in Canada, according to new data from Statistics Canada.

The median family in Fort McMurray, Alberta -- officially known as the Regional Municipality of Wood Buffalo -- had an income of $169,790 in 2010, StatsCan reported Wednesday. That means there are as many families or households in Fort McMurray that have an income above that number as there are below.

It’s a stunningly high number, some 32 per cent higher than the second-wealthiest municipality in Canada -- Yellowknife, Northwest Territories, with a median family income of $128,810.

Much of this phenomenon can be attributed to the resource wealth boom in western and northern Canada, and the fact few people are willing to relocate to remote places -- which drives up salaries for the professionals needed in those communities.

Notably, all 10 of the wealthiest small towns are in western Canada, a reflection of the growing imbalance between regional economies across the country.

By comparison, Canada’s large cities aren’t nearly as wealthy. The wealthiest of them, the Ottawa-Gatineau region, had a median family income of $90,790. Although Calgary and Edmonton made the list, the country’s three largest metropolitan areas -- Toronto, Montreal and Vancouver -- did not.

Among larger cities, the biggest gains in family income were found in Guelph, Ontario (up 2.1 per cent from the previous year), while Vancouver saw the biggest drop -- down 2.5 per cent.

Among smaller towns and cities, Sept-Iles, Quebec saw the biggest jump (up 5.8 per cent) and Kitimat, B.C., saw the biggest decline (down 7.3 per cent).


THE 10 RICHEST BIG CITIES IN CANADA

10. Kingston, Ont. - $77,140
9. Victoria, B.C. - $77,820
8. St. John's, Newfoundland - $78,210
7. Saskatoon, Sask. - $80,570
6. Oshawa, Ont. - $82,270
5. Guelph, Ont. - $82,560
4. Regina, Sask. - $84,890
3. Edmonton, Alta. - $87,930
2. Calgary, Alta. - $89,490
1. Ottawa, Ont. - $90,790




THE 10 RICHEST SMALL CITIES AND TOWNS IN CANADA

10. Whitehorse, Yukon - $92,690
9. Cold Lake, Alta. - $94,980
8. Thompson, Man. - $95,580
7. Grande Prairie, Alta. - $95,620
6. Lloydminster, Sask. - $96,280
5. Fort St, John, B.C. - $96,510
4. Okotoks, Alta. - $101,670
3. Estevan, Sask. - $106,680
2. Yellowknife, N.W.T. - $128,810
1. Fort McMurray (Wood Buffalo), Alta. - $169,970

Number represents median family income for 2010.

Source: StatsCan

http://www.huffingtonpost.ca/2012/0...p_ref=canada&ir=Canada+Business#slide=1153312
 
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