Personal Finance

Personal Finance

Toronto And Vancouver Are Officially Canada’s Most Expensive Cities [SURVEY]



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.

Mercer Cost of Living Survey – Worldwide Ranking 2018


3 2 TOKYO Japan
4 3 ZURICH Switzerland
5 4 SINGAPORE Singapore
6 5 SEOUL South Korea
1 6 LUANDA Angola
8 7 SHANGHAI China
15 8 NDJAMENA Chad
11 9 BEIJING China
10 10 BERN Switzerland

Never Miss the Next Big Story

Stay in the loop with STOREYS' weekly newsletter.

You may also like