Toronto has been named the most expensive city in Canada for international employees for the third consecutive year, according to Mercer’s 2024 Cost of Living City Ranking.
The annual ranking, which assesses the living costs of 226 global cities, offers insights to multinational employers in planning compensation strategies for their international assignees.
Of the Canadian cities included in the ranking, Toronto is the only one to improve in affordability, moving to 92nd place globally from 90th in 2023.
