A new published report has revealed that Canada's cities are expensive places to go. The data is from Henly and Partners (H&P), a migration and investment consulting firm that surveyed the richest cities in the world in 2023. Basically, you will need to become a millionaire to be able to attend and live in these cities.
The list includes 97 places that are considered the most expensive in the world and four cities in Canada stood out in the ranking. It is a real meeting place for the richest people. Toronto, the Canadian capital, gained the 12th position in the listing and was considered in 5th place as the access of the richest people in North America.
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Surrounded by a stable economy, direct contact with nature and great beauties, Canada appeared as an option for millionaires and billionaires to live.
Both #Toyoko and #London have fallen down the ranks of the World's Wealthiest Cities in 2023.
Find out who else makes it into the Top 10 by watching our video, and access the full report here: https://t.co/N9lwrouNwhpic.twitter.com/1kOnxhNGvL
— Henley & Partners (@HenleyPartners) April 18, 2023
Canada is the biggest cradle of millionaires
The organizer of the report attributed this data to the population that lives in the capital and really are people with very high monthly income. These are usually people who have the option of easily investing $1 million or more.
These people are the majority in the city, accounting for about 105,200 high society people. with investment potential, approximately 193 people earning $100 million or more and 18 billionaires.
In addition to Toronto, Vancouver also appeared on the list at 29th as a point of millionaires. To the west of the city, there are about 37,000 people who can easily invest US$ 1 million. The other city is Montreal, ranked 48th as the richest city in the world, with a population of almost 18 thousand people who have high financial income, with 1 billionaire.
In position 55, one more city: Calgary has 14,700 people with high financial status, with 1 billionaire living in the city.
The report shows that Canadian cities are comfortable for millionaires to live in, as the country encourages investment and business ventures.
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