The magazine, cites the township’s diverse demographics, wealth and economy, and arts and community as the main reasons for placing the township on the top of the list in York Region.
King also beats last year's winner in York Region, Aurora.
“I’m absolutely ecstatic and proud,” said King Township Mayor Steve Pellegrini. “I think King has been flying under the radar for many years.”
Newmarket named best place to live in York Region, 23rd in Canada
King Township, often referred to as a “community of communities,” is known for its idyllic countryside and community lifestyles.
With a population of 26,697, King stands out in many areas in York Region.
“It has so much to offer,” Pellegrini said. “We have many parks and trails, award-winning facilities and many restaurants.”
The average household income in King stood at around $191,000, and the average value of primary real estate was close to $1.5 million, according to MoneySense.
This year, King moved up by 50 places, from being the 68th best place to live in Canada in 2017.
Most of the other places in York Region have also improved their rankings on the list this year.
MoneySense ranks Newmarket 23rd of best places to live in the country this year, owing to its health-care accessibility, demographics, as well as wealth. It ranked 56th last year.
While Aurora is no longer the best place to live in York Region, it ranks 36th in Canada this year, only one place behind Markham.
Richmond Hill is also among the top places on the list, ranking 37th this year. Another good place to live in York Region is Whitchurch-Stouffville, which ranked 48th.
Meanwhile, two other places in York Region rank relatively low on the list: East Gwillimbury, at 82nd, and Georgina, at 133rd.
The MoneySense annual ranking measured 415 cities across Canada in 10 categories this year: wealth and economy, affordability, population growth, taxes, commute, crime, weather, access to health care, amenities and culture.
Visit the MoneySense website for more information.