Canadian Banks | Forums | Terms of Use

Welcome to the Canadian Financial Forums forums.

You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact contact us.

Go Back   Canadian Financial Forums > Canadian Financial Forums > Canadian Economy

Reply
 
Thread Tools Display Modes
  #1  
Old 07-30-2008, 04:30 PM
Jason Jason is offline
Member
 
Join Date: Jul 2008
Posts: 64
Default Toronto is the 2nd most expensive city to live in in North America

The annual Mercer's cost of living survey published in the UK, ranked Toronto the 2nd most expensive city to live in North America.

I have a friend of mine who always maintained that Toronto is ridiculously overpriced, but I never took this seriously. Obviously he was right .

I don't understand why is Toronto so expensive though - the weather is terrible, taxes are high, real estate is overpriced, the city doesn't have enough highways for the high number of cars on the road,...
Reply With Quote
  #2  
Old 07-30-2008, 04:57 PM
trent trent is offline
Senior Member
 
Join Date: Jun 2008
Posts: 387
Default

Well this is hardly a surprise, and it's good that somebody finally admitted it. You can eat/drink cheaper in New York, Los Angeles and London. Frankly I like Toronto, but the city is nothing special. I guess the high prices are largely due to the many monopolies we Canadians are very fond of (think Rogers) and the lack of real competition.
__________________
No debt
Reply With Quote
  #3  
Old 07-31-2008, 02:29 PM
Steven Steven is offline
Senior Member
 
Join Date: Jul 2008
Posts: 139
Default

What is the most expensive city in the world according to this report? Is it Tokyo?
Reply With Quote
  #4  
Old 07-31-2008, 04:15 PM
investor investor is offline
Junior Member
 
Join Date: Jul 2008
Posts: 29
Default

Quote:
Originally Posted by Steven View Post
What is the most expensive city in the world according to this report? Is it Tokyo?
Probably Tokyo or Moscow or some Scandinavian city.
Anyway I am really surprised by this survey. I always thought that Vancouver is the most expensive Canadian city. I'm moving to Vancouver then. The weather is nicer, the Rockies are closer, the ocen is at your doorstep

And I agree that Toronto is very expensive comparing to L.A.
Well the real estate in L.A. is pricey but look at the weather.
Reply With Quote
  #5  
Old 07-31-2008, 05:59 PM
trent trent is offline
Senior Member
 
Join Date: Jun 2008
Posts: 387
Default

Moscow is the most expensive city according to the survey.

Yeah, Vancouver is a really nice place to live, if only properties were cheaper
__________________
No debt
Reply With Quote
  #6  
Old 08-01-2008, 02:30 PM
annof annof is offline
Junior Member
 
Join Date: Jul 2008
Posts: 14
Default

I don't think Toronto is sooo expensive. What do they take into account to formulate this survey?
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT. The time now is 11:16 PM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2020, vBulletin Solutions, Inc.