Canada is one of the largest countries in the world, with ample resources and a very high standard of living. While it s often overshadowed by the United States, there is a lot to do and see in Canada. Their best cities are some of the most livable in the world, but also some of the most expensive ones. If you want to know what the richest cities in Canada are, keep on reading:
Calgary is the largest city in the oil-rich province of Alberta, with 1.5 million people living here. As you can imagine, the local economy is closely tied to gas and oil, which has been a booming business for decades, even despite the green transition that is taking place. The energy industry provides a lot of very well-paid blue-collar jobs, as well as plenty of corporate positions, and pays taxes. Beyond that, the city has many offices, of large companies like Canada Safeway Limited, WestJet, and Telus. Overall, Calgary has seen some of the fastest growth of any of the larger Canadian cities, but it relies heavily on the petrochemical industry.
Vancouver is located in the southwest of Canada, on the border with the US, and a short drive away from Seattle. The city is one of the most expensive in the world and the real estate market is a huge source of wealth for those that are lucky enough to own some. Due to its location on the Pacific and the good highway connectivity, Vancouver Port is the largest in Cannada and one of the largest in the Americas. On top of that, there is a lot of mining and forestry done in the vicinity, which also brings in a lot of revenue to the city and the inhabitants. Vancouver is also a major movie industry hotspot, due to favorable tax rebates and visual similarity with American cities, which generate a lot of well-paying jobs and help promote the city. Millions of people visit Vancouver every year, so tourism is another important factor in the local economy.
Many people are surprised to learn that Toronto isn’t the capital of Canada, that would be Ottawa, but it is the most populous city and also the richest one. With 6.7 million people living in the greater Toronto area, this is an economic powerhouse. All of the large Canadian financial institutions have headquarters here and the Toronto stock exchange is one of the most important ones in the world. There are countless large multinational companies with offices here, all of them paying good wages and providing opportunity and employment to the citizens of Toronto. The movie industry is also successful here, in large part due to the low cost of doing business and the similarity between Toronto and New York or Chicago. Another major force in the local economy is real estate, which is some of the most valuable in the world.