Vancouver more expensive than Manhattan: study

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 ...

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

comments powered by Disqus

More from Economy

Insider trading: September 27, 2016

The following is a list of stock trades made by corporate executives, directors and other company insiders of B.C.’s public companies filed in the week  ...

Read Article

Businesses need to be more ‘courageous’ to stimulate economy: Deloitte

Read Article

BIV on Global BC September 26, 2016: CPI; Foreign buyers tax

Tyler Orton discusses a 1.1% increase in the consumer price index. Plus: The effects of the foreign buyers tax

Read Article

Canada one of top three destinations for expats: HSBC (with infographic)

A culture of diversity and tolerance is one of the...

Read Article

Lenders bank on business from Vancouver’s Chinese community

Wealth One joins other financial institutions aiming for increase in Asian business 

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
×