Wednesday, August 17, 2011

Montreal Among Most Expensive Cities

Toronto, Montreal Ranked As Pricey. What, No Vancouver? -- Globe And Mail

Toronto and Montreal rank among the world's 20 priciest cities, according to a new study. But, for Toronto, at least, buying power lags, suggesting Torontonians have to stretch a bit more to make their way in Canada's financial capital.

The study by UBS AG examines price levels, including and excluding rent, wages and buying power. In rankings of price levels excluding rent, Toronto ranks ninth and Montreal 17th.

My Comment: I must confess that I am surprised by this ranking.

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