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Toronto Ranked most Expensive City in Canada according to Worldwide Survey!

Written by Muneel Ali Published On : July 03, 2018 2318
Toronto Ranked most Expensive City in Canada according to Worldwide Survey!


Toronto has formally joined with Vancouver to become the classiest place to live in Canada per the Mercer’s annual Cost of Living Survey.

The city reached 109th place next to Vancouver as the most expensive city to live in Canada.






The ranking has been determined by examining factors such as inflation at a lower side, changing prices of goods and services and uncertainty of housing marketing.

Mercer has taken in that many cities of Canada had their rankings dropped whereas Toronto moved up by 10 stops majorly because of “increase in expatriate rental accommodation costs.”

“While Toronto’s cost of living ranking has risen, this year’s results —combined with the results of Mercer’s annual Quality of Living Survey released earlier this year – show that Canadian cities provide a world-class quality of living at a relatively moderate cost,” stated Gordon Frost in a submission, Partner and Career Business Leader for Mercer Canada.

He also said, “This is a significant strength for Canada and Canadian companies as we compete for top talent in a highly competitive global economy and prepare for the workforce of the future.”

Though Vancouver is on the top priciest places to live in Canada, it also has went 2 places down in the rankings to reach 109 with Toronto, whereas Montreal is at 147 and Calgary at 154 dropping 18 and 11 place one-to-one.

Worldwide, Hong Kong has been ranked as the priciest place in the world to live. On the other hand, Uzbekistan is the cheapest, many should consider moving there!

Top 10 most expensive cities – Worldwide

Source: Mercer Cost of Living Survey 2018

·         Hong Kong (most expensive)

·         Tokyo, Japan

·         Zurich, Switzerland

·         Singapore

·         Seoul, South Korea

·         Luanda, Angola

·         Shanghai, China

·         Ndjamena, Chad

·         Beijing, China

·         Bern, Switzerland

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