Of 85 cities across Canada, Millennials rated Vancouver the 13th best place to live, three places behind a previous ranking.
The analysis was conducted by Point2, a Canadian real estate news blog. Point2 used various criteria that were attractive to people born between 1981 and 1996, such as annual income, average selling price of a house, unemployment rate, life satisfaction, crime rate, health care, climate and level of education. The data was collected from Statistics Canada, Numbeo and the Canadian Real Estate Association.
What three years and a global pandemic can change
It’s obvious that three years and a global pandemic have had a very real impact on what millennials want from a perfect home, a great city to live in, a great place to work and raise a family. . In 2018, Point2’s analysis revealed that Quebec, Victoria and Guelph were the most sought after urban centers by young people at the time. Three years later, only Quebec City retains its number. 1st place with Victoria slipping to eighth place and Guelph being knocked out of the top 10 overall. In 2021, Ottawa took second place, followed by Kingston, Ontario.
Point2’s analysis postulates that this shift could be due to older millennials turning 40 this year.
Life satisfaction and climate more important
âThis new milestone brings new challenges and perhaps a new perspective on life,â the blog post states. âSome have just started their own families, while many are considering buying their own homes or moving to a new city. And while affordable housing, reliable incomes and good health care are the mainstays, factors like life satisfaction and climate could start to become more important as well. “
As for Vancouver, the city was mentioned only twice in the list of the most attractive city attributes. Specifically, North Vancouver was one of the three cities with the highest proportion of people with higher education. However, due to other factors, none of these cities made it into the top 10.
Vancouver’s Saving Grace: Climate
Vancouver had an ace in the hole, however: the weather on the west coast. Moderate temperatures, low humidity and many sunny days contributed to the climatic category in which Vancouver was mentioned along with North Vancouver.
For more information about the scan, you can check the Point2 website.