Toronto ranks 109 of 209 most expensive world city according to Mercer’s 24th annual Cost of Living Survey. The Mercer survey reviews cost of living and housing for employees that are sent on international assignments, and includes factors such as the stability of the housing market, inflation rates, and prices of goods and services. Toronto’s position, tied with Vancouver, increased by ten places due to an increase in rental accommodation costs for expatriates.
Note, this is a listing of the most expensive major world cities to live for expatriates, thus a lower ranking is desirable. The most expensive city for expatriates is Hong Kong (ranked 1st), while the least expensive city is Tashkent (ranked 209th).