A recent Toronto Star article ranks Toronto as the 8th most expensive city in the world! That's up from 28th in 2009.
The report by UBS AG is called "Prices and Earnings: a global purchasing power comparison" and takes into account prices for a broad basket of good and services as well as wages.
Much of Toronto's rise is attributed to the rise of the Canadian dollar against the Euro.
The list is as follows:
1) Oslo
2) Zurich
3) Geneva
4) Tokyo
5) Copenhagen
6) New York
7) Stockholm
8) Toronto
9) Montreal
10) London
So basically, if you can make ends meet in Toronto, you'll be fine almost everywhere else in the world too!
Geneva charges 6 bux fior water in places
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