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Richmond’s a Millennial hot spot

By Don Fennell

Published 12:51 PDT, Mon June 7, 2021

Richmond ranks fifth on a list of Canadian cities when it comes to life satisfaction.

And it boasts the seventh-best climate and ninth lowest unemployment rate in the country to boot.

Those are among the findings of a team of analysts at Point 2, an international real estate search portal, which ranked the 85 largest Canadian cities by looking at nine criteria deemed important for millennials including home prices, income, and well being.

Though Richmond fared poorly when it comes to home price (70th), it still ranks 25th overall on the list, a significant move up of 12 spots from 37th in Point 2’s report in 2018.

The 2021 report notes the oldest millennials are turning 40 this year and suggests that “while affordable housing, reliable incomes and good healthcare are mainstays, factors such as life satisfaction and climate might also start becoming more important for those millennials who are looking for the ideal place to call home.”

Aside from income and housing, areas such as crime rate, healthcare, level of education and the percentage of millennials among the total population were also considered.

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