Quebec City said top city for Millennials. Again
May 31, 2021
Quebec is again the most desirable city in Canada for Millennials, according to a new national survey by Point2Homes, an online real estate marketing firm. Point2Homes’ 2021 poll looked at the best place for younger Canadians to work, buy a home and raise a family.
When compared to a similar survey done in 2018, only Quebec City retained its position in 2021—remaining the top city for Millennials. Conversely, Victoria and Guelph lost their advantage. Victoria slid all the way to No. 8, while Guelph exited the top 10 altogether.
This year Ottawa snatched the second spot and Kingston rounded out the top three. Vancouver fell to No. 13 in the survey, just below Toronto, while New Westminster, at No. 6, and Victoria were the only B.C. cities to crack the top 10.
Point2Homes analyzed nine factors when ranking the largest Canadian cities. Aside from income and housing, it also weighed seven other criteria it considered important to Millennials: unemployment rate, life satisfaction, crime rate, healthcare, climate, level of education (the percentage of the population with a bachelor’s degree or higher) and the percentage of Millennials in the total population.
The study found Vancouver has the third-highest percentage of Millennials in Canada and the fifth-highest share of young people with higher education diplomas, but fell back in the ranking because of “sky-high home prices.”
Compared to Toronto, Vancouver features a lower unemployment rate and scores better when it comes to the life satisfaction index, according to Point2Homes.