Calgary 4th most expensive city in Canada to live in

Vancouver tops the list of most expensive Canadian cities to live in, surpassing Toronto for the second year in a row, according to an annual cost of living survey.

But life is still expensive in Toronto, as well as Montreal and Calgary, which round out the top four costly cities in the country, according to Mercer’s 2014 Cost of Living Survey.

Overall, however, Canadian cities have dropped down the list significantly in this year’s ranking compared with other places worldwide, because of the weakened Canadian dollar and slower pace of price increases compared with New York, the survey’s base city.

Vancouver fell thirty-two places since last year, for a new ranking at 96, while Toronto stood at 101, down thirty-three spots, Montreal fell twenty-eight spots to 123 and Calgary dropped to rank 125.

– See more at: http://www.nanaimodailynews.com/business/life-is-most-expensive-in-vancouver-but-cdian-cities-drop-in-worldwide-ranking-1.1200860#sthash.VLKjU4BU.dpuf