Vancouver is at the number one spot for the most expensive city to live in within Canada according to a survey conducted by Mercer regarding the annual cost of living.
Globally Vancouver ranks 93rd in the world.
Toronto claimed the number 2 spot in Canada, standing 98th in the global rankings.
The annual Cost of Living Survey looked at areas such as affordability around housing markets, inflation rates, and prices of goods and services to figure out the rankings.
Apart from Vancouver, according to Mercer most Canadian cities stayed where they were from previous surveys. Toronto came in at 98 just like last year, Montreal moved up 8 spots to 129, Calgary moved up to 145, and Ottawa came in as the least expensive city at 156th overall.
The most expensive city in the world is Ashgabat, Turkmenistan. It overthrew Hong Kong which was ranked by Mercer as the most expensive city in the world for 3 years in a row.
Globally the least expensive places to reside are Tbilisi, Lusaka, or Bishkek.
Top 5 most expensive cities in the world:
- Vancouver, BC
- Toronto, ON
- Montréal, QC
- Calgary, AB
- Ottawa, ON
Top 10 most expensive cities in the world:
- Ashgabat, Turkmenistan
- Hong Kong
- Beirut, Lebanon
- Tokyo, Japan
- Zurich, Switzerland
- Shanghai, China
- Singapore
- Geneva, Switzerland
- Beijing, China
- Bern, Switzerland
Top 10 least expensive cities in the world
- Banjul, Gamia
- Karachi, Pakistan
- Gaborone, Botswana
- Tashkent, Uzbekistan
- Windhoek, Namibia
- Brasilia, Brazil
- Tunis, Tunisia
- Tbilisi, Georgia
- Lusaka, Zambia
- Bishkek, Kyrgyzstan (least expensive)
