Dundarave Park in West Vancouver. (Shutterstock)

Canada’s hottest housing markets may have cooled down over the past year, but the list of Canada’s wealthiest cities shows household net worth is still linked to property prices.

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Once again, West Vancouver tops the list with an average household net worth of $4.5 million. The city’s average household income may be the fourth highest in the country at $210,000, but West Vancouver’s average housing price of $2.9 million — the highest in the country — is the major force behind the size of its residents’ nest eggs.

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The numbers highlight the scale of wealth inequality in Canada, despite our international image as a land of soft hearts and social safety nets. The city with the lowest average household net worth in the country is Thompson, Man., at $152,000. The average West Vancouver household is worth 19 times that — and the members of that household could buy 13 houses in Thompson if they cashed out their house and investments and decided to move. Wealthy bedroom communities surrounding Canada’s major cities dominated the top of the list. Despite what you might think about the deep pockets of someone who can afford to live in the Vancouver or Toronto core, those cities had the 35th and 63rd highest average household net worths in the country, respectively. At $1.2 million, the average net worth of a Vancouverite is just one-quarter of the value of the nest egg of the average neighbour in West Vancouver. West Vancouver is one of four B.C. cities among the top 10 wealthiest in the country. Ontario (north-of-Toronto suburbs King and Whitchurch-Stouffville), Quebec (Westmount and Mont-Royal) and Alberta (Rocky View County and Foothills 31, a municipal district south of Calgary) each boast two cities in the top 10. Oakville, Ont., this year’s winning city in the Best Places to Live ranking, barely missed making the top 10 wealthiest cities. Its average household net worth of $1.7 million landed it in 11th place. Average household net worth is part of the wealth and economy category of the main Best Places to Live ranking. The category is worth 20 per cent of the final score. For more information, please see the methodology page.

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The Top 100

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Rank	City	Province	Average household net worth
1	West Vancouver	BC	$4,536,269
2	Westmount	QC	$3,953,205
3	Rocky View County	AB	$3,324,565
4	King	ON	$2,655,435
5	Mont-Royal	QC	$2,392,238
6	Oak Bay	BC	$2,269,821
7	Foothills No. 31	AB	$2,200,516
8	Whitchurch-Stouffville	ON	$2,150,564
9	North Saanich	BC	$1,919,655
10	North Vancouver	BC	$1,869,495
11	Oakville	ON	$1,742,036
12	Greater Vancouver	BC	$1,737,120
13	Beaconsfield	QC	$1,686,729
14	Vaughan	ON	$1,667,910
15	Markham	ON	$1,558,876
16	Aurora	ON	$1,532,968
17	Richmond Hill	ON	$1,506,729
18	Canmore	AB	$1,478,315
19	Whistler	BC	$1,460,422
20	Caledon	ON	$1,321,060
21	East Gwillimbury	ON	$1,297,341
22	Uxbridge	ON	$1,239,068
23	Guelph	ON	$1,238,885
24	Erin	ON	$1,227,807
25	Adjala-Tosorontio	ON	$1,222,657
26	Salt Spring Island	BC	$1,215,726
27	Leduc County	AB	$1,209,819
28	Richmond	BC	$1,204,103
29	Sturgeon County	AB	$1,190,977
30	Halton Hills	ON	$1,190,923
31	Strathcona County	AB	$1,171,105
32	Red Deer County	AB	$1,164,171
33	Delta	BC	$1,159,633
34	Niagara-on-the-Lake	ON	$1,158,477
35	Vancouver	BC	$1,157,164
36	Kirkland	QC	$1,155,315
37	Langley	BC	$1,151,960
38	C™te-Saint-Luc	QC	$1,145,920
39	Woolwich	ON	$1,138,679
40	Milton	ON	$1,129,276
41	Coldstream	BC	$1,118,086
42	Central Saanich	BC	$1,114,604
43	Parkland County	AB	$1,099,697
44	Pelham	ON	$1,076,665
45	Springwater	ON	$1,076,378
46	Middlesex Centre	ON	$1,070,186
47	Chestermere	AB	$1,058,807
48	Burlington	ON	$1,054,536
49	Port Moody	BC	$1,043,799
50	Saanich	BC	$1,029,461
51	White Rock	BC	$1,012,789
52	Lacombe County	AB	$1,011,062
53	Oro-Medonte	ON	$995,684
54	Grande Prairie County No. 1	AB	$988,373
55	Rosemère	QC	$984,506
56	Sidney	BC	$952,710
57	Newmarket	ON	$947,429
58	Rothesay	NB	$944,683
59	West Kelowna	BC	$944,206
60	Lake Country	BC	$943,283
61	Burnaby	BC	$926,533
62	Okotoks	AB	$907,079
63	Toronto	ON	$906,663
64	Surrey	BC	$901,133
65	St. Albert	AB	$900,192
66	Pickering	ON	$899,725
67	Scugog	ON	$898,962
68	Lincoln	ON	$894,324
69	Mont-Saint-Hilaire	QC	$890,806
70	Cochrane	AB	$885,205
71	Wellesley	ON	$882,827
72	Saint-Lambert	QC	$881,272
73	Coquitlam	BC	$878,780
74	Weyburn	SK	$871,306
75	Clearwater County	AB	$869,801
76	St. Andrews	MB	$869,091
77	Saint-Bruno-de-Montarville	QC	$864,221
78	Calgary	AB	$861,346
79	Mississauga	ON	$850,977
80	Kelowna	BC	$842,929
81	Boucherville	QC	$841,621
82	Lloydminster	AB	$841,349
83	Waterloo	ON	$834,766
84	Bradford West Gwillimbury	ON	$828,688
85	Ajax	ON	$828,684
86	Beaumont	AB	$819,895
87	Whitby	ON	$817,453
88	Wilmot	ON	$810,640
89	Maple Ridge	BC	$803,882
90	Grimsby	ON	$794,933
91	West Lincoln	ON	$794,884
92	Bonnyville No. 87	AB	$789,157
93	Brant	ON	$787,951
94	Mapleton	ON	$787,116
95	Smith-Ennismore-Lakefield	ON	$783,661
96	Saint-Augustin-de-Desmaures	QC	$782,240
97	Meaford	ON	$782,162
98	Summerland	BC	$780,416
99	Georgian Bluffs	ON	$779,256
100	Perth East	ON	$778,419