Tell us something we don't know: Vancouver is Canada's most expensive city
Jun 22 2016, 10:54 pm
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Stop the presses…A new survey has named Vancouver as Canada’s most expensive city for locals.
The report from Mercer, a company that provides data on global costs of living, bases their findings on factors that include inflation of goods and services, currency fluctuations, and instability of accommodation prices.
See also
- How Vancouver got so expensive and what you can do about it
- Vancouver has the most expensive rentals in Canada: report
On a global scale, Vancouver ranks as the 142nd most expensive city, followed by Toronto at 143. Indeed, all Canadian cities have fallen in the rankings due to the weak dollar.
“While the cost of living continues to rise in Vancouver and Toronto for locals, the weak Canadian dollar has made these cities compelling for expatriates from organizations outside the country,” says Gordon Frost, Talent Leader for Mercer Canada. “However, the depressed dollar provides a challenge to Canadian organizations looking to place employees in cities around the world.”
Hong Kong tops the list as the world’s most expensive city, followed by Luanda, Zurich, Singapore, and Tokyo.
Here are the top 10 most expensive cities in the world:
- Hong Kong, Hong Kong
- Luanda, Angloa
- Zurich, Switzerland
- Singapore, Singapore
- Tokyo, Japan
- Kinhasa, Democratic Republic of the Congo
- Shanghai, China
- Geneva, Switzerland
- Ndjamena, Chad
- Beijing, China
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