Got a couple million dollars lying around, and looking to move somewhere in Canada where the winters are not terrible? Have a look at this spot

Here's Canada's first-ever 'city of millionaires'

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Daniel Martins

Digital Reporter

Wednesday, September 7, 2016, 2:54 PM - Got a couple million dollars lying around, and looking to move somewhere in Canada where the winters are not terrible?

If that sounds like you, Vancouver might be in your price range. According to Environics Analytics, Vancouver is Canada's first 'city of millionaires', where household net worth reached $1,036,202 in 2015, up 7.1 per cent from the year previous.

Those are the findings of Environics' Wealthscapes 2016 survey, released this week.

Vancouver's real estate market is famously booming, although Environics says it doesn't directly factor climate into its Wealthscapes surveys, it's not unreasonable to think the city's proverbially mild weather might be upping its attractiveness.

Image: Ashley Hyshka

Average winter daytime highs are comfortably above zero even in January, and though the winters are a bit on the rainy side, significant snowfalls are very rare (Vancouver recently went more than entire year with no accumulating snow), and the rain tapers off considerably in the summer months, which are warm, but not too.

"While we expect real estate in Vancouver to continue to rise overall in 2016, the introduction of the recent land transfer tax on foreign nationals may dampen demand for real estate in the future," said Peter Miron, Environics' vice president of economic data and lead developer of WealthScapes 2016.

But while the city's star is on the rise, oil boomtown Calgary's is on the wane.

Calgary skyline. Image: Christy Turner

Calgary slipped from second to fourth place in the rankings, with its 2015 average household net worth of $898,240 representing a 2.5 per cent fall over the previous year.

Environics attributes Calgary's two-rung fall to a 4.7 per cent fall in real estate values, and Miron says the global oil downturn was a big factor.

"Direct and indirectly, almost 100 per cent," he told The Weather Network. "There really isn’t anything going on there that can’t be indirectly brought back to the decline in oil prices..."

The data are taken from 2015, so it's unclear if the city's indicators will decline further once the oil sector damage of the Fort McMurray fire is taken into account.

"The rebuilding of Fort McMurray will be an economic shot-in-the-arm for the region as the construction industry picks up but this might be a little bit too far removed to affect Calgary," Miron says.

Toronto takes Calgary's second-place spot, with a net worth of $962,993 (up 5.4 per cent). Victoria makes its first appearance in the top three, at $912,362 (up 3.4 per cent).

SEE BELOW: Seven shots of Canada's new 'millionaire city' from Weather Network viewers

2. 'I can see when I fly', Terry Dale Hughes

3. 'Sunrise over Vancouver', Marvin Salvail

5. 'Vancouver downtown skyline', Boben

6. 'Vancouver skyline under wildfire smoke', Jay Black

SOURCE: Environics Analytics