Incidences of crime can significantly affect markets’ housing values and appeal, survey suggests
Toronto was deemed the safest city to reside in within Canada, according to the latest Canadian Crime Index survey conducted by Money.ca.
Taking into account occurrences of arson, burglary, robbery, and impaired driving, the poll gauged the safety levels of various Canadian cities.
The study found that Toronto sees only a minimal 286.9 offenses per 100,000 people. This figure is markedly lower than that of Lethbridge, which was determined as the city most affected by crime (1,190 offenses per 100,000 people).
Money.ca’s compilation of the top 10 safest Canadian cities was as follows:
- Toronto - 286.9 offenses per 100,000 people
- Quebec - 301 offenses per 100,000 people
- Ottawa-Gatineau, QC - 318.8 offenses per 100,000 people
- Sherbrooke - 327.4 offenses per 100,000 people
- Ottawa-Gatineau, ON - 333.9 offenses per 100,000 people
- Montreal - 356.7 offenses per 100,000 people
- Barrie - 356.7 offenses per 100,000 people
- Trois-Rivières - 366.2 offenses per 100,000 people
- Saguenay - 396.3 offenses per 100,000 people
- Hamilton - 420.6 offenses per 100,000 people
Despite recent market slowdowns, the income needed to buy a home in major cities remains staggeringly high. 📈
— Canadian Mortgage Professional Magazine (@CMPmagazine) October 27, 2023
Read more: https://t.co/KIcVrHiZ1m#Affordability #HousingMarket #MortgageIndustry #MortgageBroker
Money.ca said that these safety ratings can significantly mirror housing values and the attractiveness of different areas for individuals and families.
“The rates of safety can affect housing prices and the 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.”
