Here's where Toronto ranks among the world's most expensive cities

Here's where Toronto ranks among the world's most expensive cities Toronto

But for all the talk of declining affordability and, it may come as a surprise to learn that the famously-expensive metropolis doesn't rank particularly high on the Cost of Living Survey's list of 227 global cities across five continents.

Trailing Toronto , Vancouver slid eight spots down the list but holds onto its position as Canada's second-most expensive city at 116th place. Montreal dropped ten spots to 135th place, Ottawa fell five spots to 137th, and Calgary moved down four spots to 145th place. "Extensive remote work flexibility is causing many employees to re-shift their priorities and think differently about where they want to work and live, and this will continue to force organizations to develop effective compensation strategies for their globally distributed workforces," added Stewart.

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