Guelph is a top destination for millennials looking to plant their roots, according to a report from a real estate trends website.

Point 2 Homes, which develops studies for local, national and international real estate trends according to its website, ranked Guelph as the third top Canadian city for millennials.

According to a post on its website, Point 2 Homes says the study weighed several factors, including housing affordability, unemployment rate, life satisfaction, low crime rate, health care, climate, level of education (the percentage of the population with a bachelor’s degree or higher) and the percentage of millennials of the total population.

“Compared to neighbouring Toronto, Guelph presents itself as a great alternative for millennials looking to settle down,” the study reads.

“While in Toronto the yearly income for millennials is only $67,880 and a home sells for $818,201, in Guelph a house costs less than half that ($406,800), and the yearly income ($82,910) is considerably higher — even higher than the Canadian benchmark of $79,660.”

Guelph was outdone in the rankings by Victoria, B.C., and the top-ranked Quebec City.