Toronto is expensive.
And the sky is blue. We know you already know this. But now it's official.
An annual cost-of-living survey has revealed Toronto and Vancouver are Canada's most expensive cities. In fact, it's worse than last year.
This year's ranking had Toronto rise 10 spots to the 109th spot. Vancouver fell two spots to tie with Toronto.
READ: Toronto Has 6th Worst Commute In The World: Here Are The 10 Best And Worst Cities Ranked
The survey, by Mercer, ranks more than 375 cities around the world. It takes into consideration things like the cost of housing, transportation, food, clothing and other expenses, comparing them to New York City, its base.
Mercer says most Canadian cities dropped down the list in this year's ranking, including Montreal.
Montreal fell 18 spots to 147, while Calgary went down 11 spots to 154.
The survey always placed Hong Kong, Tokyo, Zurich, Singapore and Seoul as the five most expensive cities in the world.
