According to Moneysense, and our Mayor, the best city in Canada to buy a home is Guelph. While I agree that Guelph is a nice place to live, I think that it is silly to make that claim.
More importantly, should I believe anybody who says that they know? Moneysense’s ranking uses public information and massages it in some way. Lots of people do this kind of exercise for many reasons (best country to live in (Canada is #2 in 2017, best country for business (Canada is #10 in 2016), …). It would be better to know if information is relevant. In other words, understanding the methodology is critical. Professional statisticians and high quality data sources talk about methodology a lot. If a methodology is not given, as was true of this exercise, attempting to reverse engineer it can raise important questions.
Based on the information provided by Moneysense, it appears that Continue reading