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
McGill University seeks emergency injunction to dismantle pro-Palestinian encampment
McGill University has filed a request for an injunction to have the pro-Palestinian encampment removed from its campus.
'State or state-sponsored actor' believed to be behind B.C. government hacks
The head of British Columbia’s civil service has revealed that a “state or state-sponsored actor” is behind multiple cyber-security incidents against provincial government networks.
Spectacular aurora light show to be seen across Canada Friday night
A rare and severe solar storm is expected to bring spectacular displays of the northern lights, also known as aurora borealis, across much of Canada and parts of the United States on Friday night.
Which Canadian cities have the highest and lowest grocery prices?
Where you live plays a big factor in what you pay at the grocery store. And while it's no secret the same item may have a different price depending on the store, city or province, we wanted to see just how big the differences are, and why.
Swarm of 20,000 bees gather around woman’s car west of Toronto
A swarm of roughly 20,000 bees gathered around a woman’s car in the parking lot of Burlington Centre.
U.S. says Israel's use of U.S. arms likely violated international law, but evidence is incomplete
The Biden administration said Israel's use of U.S.-provided weapons in Gaza likely violated international humanitarian law but wartime conditions prevented U.S. officials from determining that for certain in specific airstrikes.
Barron Trump declines to serve as an RNC delegate
Former U.S. President Donald Trump's youngest son, Barron Trump, has declined to serve as a delegate at this summer’s Republican National Convention, according to a senior Trump campaign adviser and a statement from Melania Trump's office.
Mother assaulted by stranger while breastfeeding baby in her car: Vancouver police
A person was arrested in East Vancouver Thursday after allegedly entering a car while a mother was breastfeeding her four-month-old boy.
'We have laws': Premier Smith says police action justified in Calgary
The actions, including the decision to use non-lethal force, to disperse pro-Palestinian protesters from the University of Calgary campus were justified, Alberta Premier Danielle Smith said Friday.