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Cornwall's rank changes little in 2013 MoneySense listing

Cornwall

Cornwall

Published on March 20, 2013
Published on March 20, 2013
Topics :
Seaway News , Statistics Canada , Cornwall , Ontario , Canada

CORNWALL, Ontario - Another year, another subpar listing for Cornwall on MoneySense's rankings of the top places to live in Canada.

Cornwall did move up five spots this year, to 162 from 167 - but given that the influential Canadian business magazine expanded the number of cities it included on its list to 200 from 190, it essentialy means the Seaway City has remained in the same spot.

Don Sutton, MoneySense's managing editor of online service, told Seaway News in an interview the big factor in its decision on where to place Cornwall dealt specifically with income levels in the city and employment.

And let's not forget the all-important weather factor - it rains in Cornwall about 111 days a year, according to the MoneySense rankings.

"Cornwall is a little but rainier than some other cities," he said. "But employment is a big determining factor too.

"When you compare smaller cities with smaller cities then things like that stand out."

MoneySense suggests our unemployment rate sits at about 7.29 per cent and the avegrage household income barely cracks $61,000.

Our houses are also worth close to $141,000.

"A lot of the smaller cities have similar challenges," said Sutton, who added the magazine doesn't actually visit the communities it is ranking.

MoneySense collects its data from Statistics Canada.

The city can take some solace in the fact that is bested Lachute, Que, which came dead last. Calgary was ranked number one.

To consult the rankings, check out: http://www.moneysense.ca/best-places-2013/

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