In Canada, Discussions, Money, Taxes, Wealth

Where do the richest people in Canada live?

In Ontario apparently.



Here are the numbers.. with my tongue-in-cheek commentary:

  • Ontario: $86.75 billion — Proximity to U.S.A., Toronto is also very dynamic
  • Quebec: $30.35 billion — Because of the Mafia? Just kidding… sort of.
  • Outside Canada: $23.21 billion — Haha! Of course. Ex-pats…
  • British Columbia: $21.64 billion — Retirees in the sweetest weather in Canada
  • Alberta: $19 billion — Oil and cows. Moo!
  • New Brunswick: $11.28 billion — Seafood
  • Nova Scotia: $5.94 billion — More seafood
  • Manitoba: $3.4 billion — No one likes having to spray for mosquitos each summer

You may have also noticed the Canadian Territories (yes, we have more land!) did not make it on the rich list (poor Territories, they’re always left out of all the reindeer games), but that’s probably because the answer is: 0.

No one lives there unless they have to (and a few who actually want to), and I think the number speaks for itself.

And there you have it.



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Sherry of Save. Spend. Splurge.

Millionaire at 36 after getting out of $60K of student debt in 18 months, a little over a decade earlier, using Since then, I have paid my $600K home in cash (my half was $300K), my $180K casr in cash, worked 50% of my career (taking 1-2 year breaks), and quadrupled my income within 2 years of graduating, going from $65K to $260K with an average lifetime savings rate of 50%. I could retire today if I wanted, but love my work-life balance as a freelancing consultant in STEM (Science, Technology, Engineering, Math). I am all about balance - between time and money, and also enjoying my money. I also post daily on Instagram @saverspender.

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  1. fabulously frugirl

    I took a drive down the Bridle Path, and my mind was blown… Beautiful real estate with gigantic houses and wrought iron gates!

    1. Mochi & Macarons

      Amazing, right?!

  2. Anne @ Unique Gifter

    Oh, that’s fun! I’m not shocked that the bulk is in TO. There tends to be more “older” money in Ontario, plus it’s where Bay St etc happen to be.

    1. Mochi & Macarons

      Toronto is full of rich people. You can see it if you take a drive around the old neighborhoods.

  3. Liquid_Independence

    Cool, I’m in BC. We don’t make a whole lot of money here, but the climate is really nice most of the year 😀

    1. Mochi & Macarons

      BC is an excellent province to live in.

      Ontario hasn’t been so bad with their winters lately. I’m thrilled!


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