Categories: Vancouver Real Estate

Vancouver ranked one of North America’s most-expensive cities

OTTAWA — A new global survey rates Toronto and Vancouver as among the most expensive cities in North America for expatriates locating there.

The new Mercer cost of living survey places Toronto at No. 61 and Vancouver at No. 63 among 214 world cities assessed in cost of living for expatriates.

Only New York at No. 33 is more expensive in North America.

But North America remains relatively cheap by world standards, beaten by cities in Japan, Asia, Europe, Russia, South America, Australia and Africa.

The top three spots went to Tokyo, Luanda, Angola and Osaka, Japan. The least expensive city is Karachi, Pakistan, assessed as less than one-third as expensive as Tokyo.

Other Canadian cities to make the list were Montreal at 87, Calgary at 92 and Ottawa, the least expensive of the group, at 115.

The survey, conducted annually, measures the comparative costs of over 200 items, including housing, transport, food, clothing, household goods and entertainment.

Source: The Vancouver Sun

Chris Stepchuk

Recent Posts

What to do with your operating fund surplus???

The Dangers of carrying over your Strata Operating Fund Surplus It’s budget planning season, and…

17 hours ago

The days of $400 strata fees are over!

As you can imagine, as a Managing Broker for a Vancouver Strata Management Company, we…

8 months ago

Why you should shop your strata property insurance around

With the sharp increase in strata property insurance over the past 5 years, Strata Insurance…

8 months ago

Why strata management companies fire their clients

Perhaps you've just been fired by your Strata management company, or you've been told by…

8 months ago

Why your budget meeting is more important than your AGM

The AGM is your most important meeting of the year, correct? While most people would…

9 months ago

Why the current education system for Strata Agents is grossly inadequate

Inadequate is a strong word, but I only use this word because it's true! The…

9 months ago