After 11 years of bringing you local reporting, the team behind the Vancouver Observer has moved on to Canada's National Observer. You can follow Vancouver culture reporting over there from now on. Thank you for all your support over the years!
Vancouver beats NYC as most expensive city in North America
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.
Read More:
More in City
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.