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Montreal Was Just Ranked The Third Most Expensive City In Canada

It moved up 8 spots in the global ranking.
Contributing Writer
Montreal Was Just Ranked The Third Most Expensive City In Canada

Montreal is the third most expensive city in Canada for expats, according to a new ranking.

Vancouver is still the most expensive, Toronto is second, Calgary is fourth and Ottawa comes in fifth, but overall, Montreal still a comparably affordable place to live for overseas workers, according to this year's Mercer Cost of Living Survey.

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Despite the loonie gaining strength relative to the U.S. dollar, "globally, Canada remains a relatively affordable place to live and an attractive destination for remote workers," Gordon Frost, partner at Mercer Canada, stated in a news release.

Using New York City as a baseline, the survey ranks 209 cities according to the cost of necessities such as transportation, housing, clothing, food, and entertainment.

The world's most expensive cities for expatriates are Ashgabat, Turkmenistan; Hong Kong, and Beirut, Lebanon, which climbed 42 spots this year thanks to economic turmoil compounded by the pandemic and the Port of Beirut explosion, according to the report.

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