Canada’s third largest city outclasses New York City, London, Singapore, Berlin, and even San Francisco in a new study that ranks the best cities in the world for startups.
According to PeoplePerHour, a UK-based company that links businesses with freelancers, Vancouver tops the list of 25 international cities. Surprisingly, no other Canadian city – not even Toronto – made the ranking.
In compiling its evaluation and ranking of the cities, the company examined data to determine a wide variety of factors such as quality of life, cost of living, housing rent, cost of office space, salaries, and the ease of getting a company started.
Vancouver beat the competition with its high quality of life, good access to office space, and ease of starting a business.
Cities at the bottom of the ranking – Tokyo, Paris, and Rome – struggle from factors like being expensive places to live.
While Vancouver has gained notoriety amongst locals for its high housing costs, it only ranks as the 39th most expensive city in the world – tied with Barcelona, Brussels, and Dusseldorf – based on this year’s Economist Intelligence Unit’s Worldwide Cost of Living survey.
And just this week, another Economist Intelligence Unit report on global livability gave Vancouver its latest consecutive high livability ranking – a third place ranking behind Melbourne and Vienna.
Vancouver has typically punched above its weight in most studies and reports on the world’s best tech and startup cities. For instance, earlier this year, Startup Genome ranked Vancouver and Toronto at 15th and 16th, respectively, in a list of the world’s best startup ecosystems.