Vancouver “outran” Toronto20.07.2017
… as the most expensive city in Canada, according to the latest study of well-being standards.
Vancouver (107) outran Toronto (119) by thirty-five points as compared to the last year, thus becoming the most expensive Canadian city in Mercer 2017 ranking of the Cost of Living Survey. Montreal and Calgary are 129th and 143rd in the ranking. Ottawa is the least expensive major city in Canada.
The survey covers 209 cities on five continents and measures comparative cost of more than 200 items in each city, including housing, transportation, food, clothing, household goods and entertainment.
Governments and large companies use data from the Mercer’s survey to plan cost of living expenses for their employees when traveling abroad.
In general, Asian and European cities, especially Hong Kong (2), Tokyo (3), Zurich (4) and Singapore (5), are the most expensive cities for expatriates. The most expensive city, as of goods and security, is Luanda (1), the capital of Angola.
According to Mercer’s ratings for expatriates, other cities from the top ten of the most expensive cities are Seoul (6), Geneva (7), Shanghai (8), New York (9), and Bern (10).
According to Mercer’s survey, the least expensive cities in the world for expatriates are Tunis (209), Bishkek (208), Skopje (206).
Residents of Vancouver, who are experiencing crisis of housing purchase, can hardly believe that the city is lagging behind and is cheaper than 17 US cities, including Seattle, Minneapolis and Detroit.