Vancouver surpassed by Toronto as most expensive city in Canada: survey
Vancouver is no longer the most expensive city in Canada, according to a new survey.
Mercer's 2022 Cost of Living ranking puts Toronto as the 89th most expensive city in the world, while Vancouver came in at 108th.
Vancouver’s spot on the list dropped from 93 last year, while Toronto’s jumped up from 98.
Overall, Hong Kong was listed as the world’s most expensive city, followed by Zurich and Geneva.
In a news release, Nicole Stewart of Mercer Canada said, “Although Canada continues to be a relatively affordable place to live and an attractive destination for remote workers, like other advanced economies, it is seeing significant price increases in goods and services.”
The results were calculated based on Mercer’s Cost of Living data research - a survey carried out twice a year “to help multinational companies and governments around the world determine compensation strategies for their expatriate employees.” It looks at more than 400 cities around the world.
To calculate the cost of living index, the company looks at prices of items such as housing, utilities, food, transportation and entertainment.
Top 5 most expensive cities in Canada:
- Toronto
- Vancouver
- Montréal
- Ottawa
- Calgary
Top 10 most expensive cities in the world:
- Hong Kong
- Zurich, Switzerland
- Geneva, Switzerland
- Basel, Switzerland
- Bern, Switzerland
- Tel Aviv, Israel
- New York City, United States
- Singapore, Singapore
- Tokyo, Japan
- Beijing, China
Top 10 least expensive cities in the world:
- Ankara, Turkey (least expensive)
- Bishkek, Kyrgyzstan
- Dushanbe, Tajikistan
- Islamabad, Pakistan
- Karachi, Pakistan
- Istanbul, Turkey
- Tashkent, Uzbekistan
- Tunis, Tunisia
- Almaty, Kazakhstan
- Algiers, Algeria
CTVNews.ca Top Stories
'My family doctor just fired me': Ontario patients frustrated with de-rostering
Dozens of Ontarians are expressing frustration in the province’s health-care system after their family doctors either dropped them as patients or threatened to after they sought urgent care elsewhere.
Canada Post cracks down on Nunavut loophole to get free Amazon Prime shipping
Amazon's paid subscription service provides free delivery for online shopping across Canada except for remote locations, the company said in an email. While customers in Iqaluit qualify for the offer, all other communities in Nunavut are excluded.
Millions of Canadians have been exposed to potentially toxic chemicals, and they're not going anywhere
For decades, North Bay, Ontario's water supply has harboured chemicals associated with liver and developmental issues, cancer and complications with pregnancy. It's far from the only city with that problem.
German men with the strongest fingers compete in Bavaria's 'Fingerhakeln' wrestling championship
Despite the threat of dislocated fingers and strained muscles, over 150 Bavarian men came together Sunday to compete in Germany’s unique national championship of “Fingerhakeln,” or finger wrestling.
Flash floods in northern Afghanistan sweep away livelihoods, leaving hundreds dead and missing
The UN food agency estimated that unusually heavy seasonal rains in Afghanistan have left more than 300 people dead and thousands of houses destroyed, most of them in the northern province of Baghlan, which bore the brunt of the deluges Friday.
Adopted daughter in the Netherlands reunited with sister in Montreal and mother in Colombia, 40 years later
Two daughters and a mother were reunited online 40 years later thanks to a DNA kit and a Zoom connection despite living on three separate continents and speaking different languages.
Michael Cohen: A challenging star witness in Donald Trump's hush money trial
He once said he would take a bullet for Donald Trump. Now Michael Cohen is prosecutors' biggest piece of legal ammunition in the former president's hush money trial.
4th Indian national arrested, charged with murder of Hardeep Singh Nijjar
Homicide investigators in B.C. say murder charges have been laid against a fourth Indian national in connection to the killing of Sikh activist Hardeep Singh Nijjar outside a Surrey gurdwara last year.
RCMP boss expresses desire for new law to deal with threats against politicians
RCMP commissioner Mike Duheme says he wants the government to look at drafting a new law that would make it easier for police to pursue charges against people who threaten elected officials.