West Vancouver, in the province of British Columbia, is the richest place in Canada at the moment, according to a new ranking. The average household net worth is at a record of $3,510,201. By comparison, the national household net worth is around $400,000. The second in line is Canmore, situated in Alberta. The town has about 12,000 residents, but size doesn’t matter in this case. The average household net worth is $1,281,182. North Vancouver is the third richest place in Canada, with a household net worth of $1,274,341. Oakville, Ontario is closely behind with $1,137,987.
Also in Ontario, Vaughan has a household net worth of $1,068,540. According to Statistics Canada, Vaughan was the fastest-growing municipality in Canada between 1996 and 2006, with a population growth rate of 80.2 percent. Ontario has four other cities among the richest places: Whitchurch-Stouffville ($1,026,485), Richmond Hill ($993,258), Markham ($980,611), and Aurora ($965,813). Whistler, in British Columbia, completes the top ten richest places in Canada with an average household net worth of $988,792.
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