Top Canadian cities more affordable than the U.S. & the U.K.

As per a recently published report – Mercer 2021 Cost of Living City Ranking – the most expensive city for an expatriate is Ashgabat in Turkmenistan.

Mercer is a prominent asset management firm of America.

While Hong Kong comes in at the second position, Beirut, Tokyo and Zurich are the other cities in the Top 5.

Top 20 Most Expensive Cities in the World for an Expat [As per Mercer 2021 Cost of Living City Ranking]
Rank in 2021	City	Country
#1	Ashgabat	Turkmenistan
#2	Hong Kong	Hong Kong [SAR]
#3	Beirut	Lebanon
#4	Tokyo	Japan
#5	Zurich	Switzerland
#6	Shanghai	China
#7	Singapore	Singapore
#8	Geneva	Switzerland
#9	Beijing	China
#10	Bern	Switzerland
#11	Seoul	South Korea
#12	Shenzhen	China
#13	N’Djamena	Chad
#14	New York City	United States
#15	Tel Aviv	Israel
#16	Copenhagen	Denmark
#17	Guangzhou	China
#18	London	United Kingdom
#19	Libreville	Gabon
#20	Los Angeles	United States

There are a total of 209 cities on the Mercer 2021 Cost of Living City Ranking.

5 Canadian cities have found their place on the list.

Canadian Cities on Mercer 2021 Cost of Living City Ranking
Rank in 2021	City
#93	Vancouver
#98	Toronto
#129	Montreal
#145	Calgary
#156	Ottawa

As per Mercer, “The Canadian dollar has appreciated in value in relation to the USD, triggering jumps in this year’s ranking.”

As countries grapple with the political, economic and health fall-out of the COVID-19 pandemic, the coronavirus pandemic has shaken up Mercer’s 2021 Cost of Living City ranking.

According to an official News Release by Mercer, COVID-19 Disruptions Compel Companies to Re-evaluate Their Approach to Mobility, “organizations are beginning to implement alternate forms of international assignments and cross-border working arrangements to sustain their overseas operations and workforces”.

While cost of living has always been an integral factor for international mobility planning, the COVID-19 pandemic has led to the addition of another layer of complexity, including long-term implications related to certain other factors.

Factors such as – health and safety of employees, flexibility options, remote working etc.

International mobility has evolved much from the traditional long-term assignment for a skilled worker. Today, mobility encompasses much more and beyond. Moves such as permanent transfers, short-term assignees, international foreign hires, international freelances, as well as international remote workers are all included among mobility moves for a worker.

With 5 cities making it to the list, Canadian cities have been found to be comparatively much cheaper as compared to cities in the U.S. & the U.K.

Canada leads among the most popular countries for migrate overseas. Canada is also one of the Top 3 countries for immigration post COVID-19.

If you are looking to Work, Study, Invest, Visit, or Migrate to Canada, talk to Y-Axis, the World’s No. 1 Immigration & Visa Company.

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