It turns out that there is a price on happiness, and in Edmonton, it’s well into the six figures. And yes, money buys happiness, according to the study, but only up to a point. In Edmonton, that point sits at CAD 153,624, which is 12th place among Canada’s major cities, according to the report. On the other end, the major Canadian city with the lowest price of happiness is Kingston (CAD 140,513/USD 102,560). Remitly got its numbers by reverse-engineering figures obtained from Purdue University’s study into the relationship between happiness and income.