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

Millennials drive Vancouver’s transportation revolution

Get in on the revolution – exclusively for Observer readers join Evo Car Share now for Free and get 30 free minutes.

Free things to do to celebrate New Year's 2017 in Vancouver

Celebrating New Year's Eve isn't only for the shimmery-evening-gown, top-hat-and-champagne crowd. If fact, those of us looking to do it up this New Year's without breaking the bank will be more...

Syrian refugees to hold multicultural dinner for community on December 3

Asmaa Qawas and Manar Alsaid Ahmed didn’t know what to expect when they came to Canada as Syrian refugees 11 months ago, but to their surprise, they were welcomed with open arms. Through their...
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.
//-->