The Richest Cities And Towns In Canada

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CANADAS RICHEST CITIES
Edmonton, Alberta at dusk. Canada's richest cities and towns are disproportionately located in western Canada, new data from StatsCan reveals. (Alamy photo) | Alamy

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.

PHOTOS: THE 10 RICHEST BIG CITIES IN CANADA

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.

PHOTOS: THE 10 RICHEST SMALL CITIES AND TOWNS IN CANADA

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

Canada's Richest Cities
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THE 10 RICHEST SMALL CITIES AND TOWNS IN CANADA

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