Economy and Finance

Vancouver more expensive than Manhattan: study


Wed Dec 19, 2012 10:00am PST

For the second year in a row, Vancouver has the dubious honour of being ranked as the most expensive city in North America in terms of cost of goods and services, according to a new ECA International report.

Of the top 50 most expensive cities, four are in Canada and only three are in the U.S.

The most expensive North American cities are:

  • Vancouver: overall number 35 (last year: 43);
  • Manhattan: 36 (last year: 46);
  • Ottawa: 37 (last year: 50);
  • Toronto: 40 (last year: 57);
  • Montreal: 43 (last year: 63);
  • New York: 49 (last year: 79); and
  • Honolulu: 50 (last year: 74).

The most expensive cities in the world are Tokyo, Japan; Nagoya, Japan and Oslo, Norway.

ECA carries out its cost of living survey twice a year and compares cities by looking at the cost of a basket of commonly purchased goods and services. The survey does not include accommodation rental or real estate, utilities, car purchases or school fees.

The complete survey can be read here.

ecrawford@biv.com

@EmmaCrawfordBIV

Tags: Japan, Norway, Montreal, Ottawa, Tokyo, New York, prices



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