This paper presents the first hedonic general-equilibrium estimates of quality-of-life and firm productivity differences across Canadian cities, using data on local wages and housing costs. These estimates account for the unobservability of land rents and geographic differences in federal and provincial tax burdens. Qualityof- life estimates are generally higher in Canada’s larger cities: Victoria and Vancouver are the nicest overall, particularly for Anglophones, while Montreal is the nicest for Francophones. These estimates are positively correlated with estimates in the popular literature and may be predicted by differences in climate and culture. Toronto is Canada’s most productive city; Vancouver, the overall most valued city.