Toronto is the city with the highest cost of living in Canada for the second year in a row, according to Mercer’s annual rankings released Thursday.
Of the 227 cities on five continents that were ranked, Queen City ranked 90thH World ranking, down one place from last year.
Vancouver is the second most expensive city in the country and dropped eight places to 116th in the ranking.
Montreal and Ottawa ranked 135th and 137th, respectively, down ten and five places in one year, and Calgary, Canada’s least expensive city, fell four places to 145th.H rank.
Mercer’s annual survey counts 227 cities around the world and compares prices for more than 200 products and services, such as housing, transportation, food, and clothing.
Canadian cities, the cheapest in North America
Canadian cities remain the least expensive in North America, according to the ranking, all down from last year.
The most expensive city in North America is New York (sixth globally), followed by Los Angeles (11th) and San Francisco (14th). All US cities also gained ground since last year, notably Detroit (+27) and Houston and Cleveland (+24 each).
Other expensive cities in Europe include London (17th in the world), Vienna (25th), Amsterdam (28th), Prague (33rd) (which has climbed 27 places in the world ranking since last year) and Helsinki (34th).
Top 10 most expensive cities in the world in 2023
1- Hong Kong
3 – Zurich (Switzerland)
4 – Geneva (Switzerland)
5 – Basel (Switzerland)
6- New York (USA)
7. Bern (Switzerland)
8- Tel Aviv (Israel)
9 – Copenhagen (Denmark)
10 – Nassau (Bahamas)
The 10 cheapest cities in the world in 2023
218 – Tashkent (Uzbekistan)
219- Tunis (Tunisia).
220 – Durban (South Africa)
221 – Ankara (South Africa)
222 – Windhoek (Namibia).
223 – Dushanbe (Tajikistan)
224 – Bishkek (Kyrgyzstan)
225 – Havana (Cuba)
226 – Karachi (Pakistan)
227 – Islamabad (Pakistan)
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