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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