Vancouver is the most expensive place to live in Canada

A new report by Mercer’s Annual Cost of Living Survey reveals that Vancouver is the most expensive place to live in Canada, followed by Toronto and Montreal.

To determine its rankings, the Cost of Living Survey examined factors such as the instability of housing markets, low inflation, and fluctuating prices of goods and services.

Globally, Vancouver is ranked 94th, with Toronto being 98th and Montreal following at 137th in the world for being the most expensive city to live.

Top 5 most expensive cities in Canada:

  1. Vancouver, BC
  2. Toronto, ON
  3. Montréal, QC
  4. Calgary, AB
  5. Ottawa, ON

Top 10 most expensive cities in the world:

  1. Ashgabat, Turkmenistan
  2. Hong Kong
  3. Beirut, Lebanon
  4. Tokyo, Japan
  5. Zurich, Switzerland
  6. Shanghai, China
  7. Singapore
  8. Geneva, Switzerland
  9. Beijing, China
  10. Bern, Switzerland

Top 10 least expensive cities in the world

  1. Banjul, Gamia
  2. Karachi, Pakistan
  3. Gaborone, Botswana
  4. Tashkent, Uzbekistan
  5. Windhoek, Namibia
  6. Brasilia, Brazil
  7. Tunis, Tunisia
  8. Tbilisi, Georgia
  9. Lusaka, Zambia
  10. Bishkek, Kyrgyzstan
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