Toronto, Vancouver top list of most expensive Canadian cities: new survey
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For a second year in a row, Toronto and Vancouver have been named by a survey as the two most expensive cities in Canada.
For a second year in a row, Toronto and Vancouver have been named the two most expensive cities in Canada, according to the 2023 Mercer Cost of Living survey.
The survey published Wednesday ranked Toronto 90th globally out of 227 cities that were included in the analysis, falling one position from last year.
Vancouver has maintained its position as the second-most expensive city in Canada but dropped by eight places to 116th worldwide.
Montreal ranked third-most expensive city in Canada and 135th globally. The city dropped 10 spots in the global ranking from last year.
The nation’s capital, Ottawa, came in at No. 4 as most expensive in the country, moving down five spots globally to 137. And Calgary, the last Canadian city on the list, was ranked fifth in Canada and 145th globally, having moved down four spots, according to the survey.
To determine the ranking, the platform measured the cost of more than 200 items including housing, transportation, food, clothing, household goods and entertainment in 227 countries in five continents.
During the current period of economic slowdown, Canadian cities have become slightly more affordable compared to other cities in the world, including in the U.S., those behind the analysis said, but cost of living has increased more year over year.
