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.
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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.
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