Vancouver beats NYC as most expensive city in North America

New York City

According to ECA International, Vancouver is North America’s most expensive location for the second year in a row. The city ranks 35th globally and is followed by Manhattan – Yes, followed by New York City! The strengthening of the US dollar against major currencies has led to all of the US locations surveyed moving up the ranking in the past 12 months – despite the cost of items in the cost of living basket increasing at a slower rate than many other parts of the world.

The skyrocketing cost of living in Vancouver is largely the result of investment in the local economy (primarily in real estate) from Chinese investors.

Via Hong Kong overtakes Manhattan in list of world’s most expensive cities – ECA International.

More in City

Years after homeless man's death, new sobering centre planned in Vancouver

VANCOUVER — Health officials in Vancouver are planning a new "sobering centre" seven years after it was recommended by an inquiry into the death of a severely intoxicated homeless man, but some...

At Science of Cocktails, partygoers enjoy oddball alcoholic drinks for a good cause

Alcohol combined with educational games makes for a party like no other. At Science of Cocktails, a thousand people packed into the TELUS World of Science for an evening of drinking, experimenting...

Vancouver woman inspires petition to save Japan elephant from 'concrete prison'

VANCOUVER — A Vancouver woman's impassioned blog post about an elderly elephant living in a Japanese zoo has inspired an online petition that has garnered nearly 380,000 signature urging better care...
Speak up about this article on Facebook or Twitter. Do this by liking Vancouver Observer on Facebook or following us @Vanobserver on Twitter. We'd love to hear from you.