Crime rates can affect markets’ housing prices and overall appeal, study suggests
Toronto is the safest place to live in Canada, according to a new survey by Money.ca.
The analysis – which looked at the prevalence of incidents involving arson, burglary, robbery, and impaired driving – culled data from the Canadian Crime Index.
The study found that based on the number of offenses per 100,000 people, Toronto ranked the safest with only 286.9 offenses. This was roughly a fifth that of Lethbridge (1,190 offenses), which was found to be the Canadian city most affected by crime.
Money.ca outlined the 10 safest Canadian cities as follows:
1. Toronto - 286.9 offenses per 100,000 people
2. Quebec - 301 offenses per 100,000 people
3. Ottawa-Gatineau, QC - 318.8 offenses per 100,000 people
4. Sherbrooke - 327.4 offenses per 100,000 people
5. Ottawa-Gatineau, ON - 333.9 offenses per 100,000 people
6. Montreal - 356.7 offenses per 100,000 people
7. Barrie - 356.7 offenses per 100,000 people
8. Trois-Rivières - 366.2 offenses per 100,000 people
9. Saguenay - 396.3 offenses per 100,000 people
10. Hamilton - 420.6 offenses per 100,000 people
James Laird, co-CEO of Ratehub, observed fluctuating monthly home prices in Canadian cities due to rising mortgage rates and the stress test, reducing affordability in many regions.
— Canadian Mortgage Professional Magazine (@CMPmagazine) September 19, 2023
Read more: https://t.co/uHD9Ytfqdt#mortgageindustry #housingmarket #affordability
“The rates of safety can affect housing prices and appeal of various areas when looking to move or raise a family, with investment from individuals and government bodies alike needed to ensure more comfortable living among neighbourhoods,” Money.ca said.
“For those looking to invest in real estate in Canada, this study offers an interesting look into where may be the most appropriate place to put their money into, and what this in turn, might mean for the housing market long term.”
