MoneySense names Ottawa best place to live

Canadian magazine MoneySense names Ottawa the best place to live in Canada. It's the third year in a row the nation's capital has taken the top spot in the personal finance magazine's ranking.

Nation's capital tops ranking of 190 for 3rd year in a row

The Peace Tower and a Canadian flag are seen on Parliament Hill in Ottawa, which was named the country's best place to live for a third year in a row. (Sean Kilpatrick/Canadian Press)

For the third year running, MoneySense magazine has named Ottawa as Canada's best place to live, citing its "cultural offerings" and "family-friendly lifestyle" as some of the nation's capital's best attributes.

Canada's Best Places to Live 2012 - Top 10
Burlington, Ont.
Kingston, Ont.
Brandon, Man.
Red Deer, Alta.
Source: MoneySense

MoneySense considered factors such as climate, ease of travel, affordable housing and population growth. It included 190 Canadian cities or towns with a population of at least 10,000 people and ranked them in 22 categories.

Canada's biggest cities were also the bigger movers in the standings. Vancouver dropped to 56th place from 29th, largely due to the high cost of housing, the magazine said. Montreal dropped to 149th place  from 123rd.

Toronto, on the other hand, jumped to 47th from 88th.

Regina, Red Deer, Alta., and Halifax each jumped into the top 10, thanks to factors such as low unemployment, high incomes and population growth.

Burlington, Ont., also jumped to the second spot thanks to a low crime rate, high incomes and mild weather.

Across the river from Ottawa, Gatineau, Que., was ranked 28th on the list, while other area cities ranked included:

  • Pembroke, Ont. - 124th
  • Hawkesbury, Ont. - 153rd
  • Brockville, Ont. - 165th
  • Cornwall, Ont. - 167th

The personal finance magazine also deemed Kingston, Ont., to be the best place to retire to in Canada. Strathcona County, Alta., was given the title of the best place to raise children and Wood Buffalo, Alta., was named the wealthiest place in Canada, due to workers at the oilsands.