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Top 5 Real Estate Investments in Canada

 

For many years, Vancouver has been rated as one of the best places to live in the world. It has one of the most expensive neighbourhoods and is a hot stop for real estate investment.

Being open to so many alluring options, it becomes difficult for an investor to shortlist his/her potential deals and come to a sound decision. If you too are confused about which property to buy in Canada, check out this list of top 5 real estate investments to make a sound decision.

 

Guelph, ON

Guelph tops the list as the city with the most attractive real estate in Canada. Undoubtedly, there are a number of buyers ready to grab onto the best buys offered by this location. Homes in Guelph go for about $441,000. This is more than over four times the average household income. The location is on stable footing with a low unemployment rate. Guelph is home to advanced manufacturing companies, green tech firms, and supports several high paying government jobs.

 

Victoria, BC

This location has immense potential at the moment. The absence of foreign buyer tax along with low Canadian dollar rates add to the pros for Victoria as a location or property investments. With 26,000 people working in technology, it is an emerging high-tech hub. Victoria has the ocean along with great climate and scenery. People have the opportunity to buy great condos for under $250k. The rental vacancy rates and rental prices are just about the same as Vancouver, making it an excellent bet.

Brampton, ON

It may come as a surprise to many, but Brampton is one of the best places to invest in the real estate market. This conclusion can easily be drawn by people who have been closely analysing the market in the last few years. Brampton has the ranking in the top 10 vacancy rates and offers strong employment and population growth. Coca-Cola, Air Canada and Canon Canada are a few of the many blue chip employers that relocated here. 23-km Hurontario LRT line will also undergo improvements in its infrastructure.

 

North & West Vancouver, BC

North & West Vancouver have become favourites when it comes to growing real estate locations. The areas have lots of special amenities, great schools and amazing views. Port Moody’s continued investment in development and the completion of the SkyTrain stop have converted this area into a high-value neighbourhood. It offers a balance between lifestyle, travel distance and house size. New Westminster is another real estate hotspot. Factors such as growing employment and population have led to an increased demand in the area.

Barrie, ON

DCIM100MEDIA

Barrie has a beautiful waterfront location on Lake Simcoe. It has been on the radar for investors for years. A designated Urban Growth Centre, Barrie has benefitted from job growth, transportation improvements and economic diversification. It is about 90 km away from Toronto. It offers all of the ideal amenities for future resale. What’s more? Good schools, beautiful parks and safe neighbourhoods make Barrie one of the best choices for residents and investors.

As an investor, you must be patient and calm while looking for potential real estate investment buys. There are major housing issues in Vancouver at present, but the rates of the properties may rise sharply. This is because Yaletown condominium property is one of the most desirable properties in all of Canada. Factor in every aspect to make a profitable purchase.

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Behind The Property Rate Craze In Vancouver

Vancouver presents a paradox for Canadians, and those looking to shift from foreign shores. A nice mix of the best modern urban provisions close to residences, and stunning natural beauty, Vancouver has frequently been rated as one of the best places to live in the world. It has also been rated one of the most expensive neighborhoods.

This leads to acute homelessness issues. City folk have taken to sleeping on pavements at night in wake of the increasing difficulty for any but the rich to put a roof over their heads.

Government Speculation on Property Speculators

The government has its own angle on the issue. Legislations as recent as August 2016 reveal that they believe – or at least want the common home buyer to believe – that those responsible for the current crisis in Vancouver housing live off the shore in global metropolises. They believe that Canada’s famously low interest rates in general – and Vancouver’s quality of life and superior recreational provisions in particular – made the city a natural spot for investments.

These legislations include the introduction of 10-15% tax for foreign buyers, and the Empty Homes Tax, which penalises under-utilization of residential spaces that have a current owner. This latter is aimed at investors who primarily buy houses as security or assets. The government also incentivizes native home owners through state grants.

Of these, the foreign buyers’ tax has been panned by experts and academics. They say that if foreign buyers are behind the spike at all, they’re likely to be able to adjust easily to the extra expenditure.

The Counter-View

Investigators like Geoff Dembicki don’t agree with assessments such as those implicitly sponsored by the government.

According to proponents of alternate viewpoints like Geoff, much of the housing crisis is due to domestic speculators, not foreign ones. They argue that the main problem is gentrification. The fact that property rates in Vancouver increased to epic proportions to begin with – probably due to the famously low interest rates mentioned earlier – accords them an odd prestige status. The demand for such spaces increases manifold. Since the rich can catch up most easily, they lap up these properties quickly, and come to attract the attention of investors thereafter. Luxury retailers, of course, bask in the glory of these trends.

The fallout of these trends is not just in terms of luxury housing. The people who miss out on property in cities such as Vancouver do not just miss out on elegant facades. They miss out on opportunities. Studies like Geoff’s reveal that most new jobs in urban Canada were created in about three or four cities like Vancouver with inaccessible property rates.

All in all, trends suggest that economists and experts were right, and that foreign buyer tax is useless. The other implication is that foreign buyers were only a small part of the problem. The real issue is with wealthy domestic speculators cashing in on the effects of gentrification and buying homes as investment – to rent them out sooner or later, or to sell them off later rather than sooner to avail higher returns. The best way out is to put more power into the hands of a broader range of home-buyers.

 

Housing Statstics in Greater Vancouver

 

greater vancouver real estate july 2017
greater vancouver real estate july 2017 – source: GVREB

 

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The Brave New World of Pre-Sales Condos in Yaletown

Image source: HiBusiness

The condo craze is still current in Vancouver, and especially so in Yaletown, erstwhile warehouse district that blends its heritage status with all the paraphernalia of the new lifestyle that, regardless of actual inventory, is still driving speculative money exchanges for those willing to avail of impressively high going values. It doesn’t hurt that Yaletown has a matchless transportation system in place and is a beautiful locale with a lot to offer. From the amazing Seawall to the many lush and expansive parks that dot the area, such as the George Wainborn Park, which is 2.5 hectares in size!

It should be noted that all of these spaces make good use of the city’s existing infrastructure and contribute to it, with the focus on sprawling green spaces and public recreation facilities leading to a happy circle that helps sustain those natural loci and quality recreation facilities with their focus on community living.

1121 Seymour + Davie

The nine-storey 1121 Seymour across from the Emily Barnes Park is slated to have 38 units.  For those with sophisticated taste buds, it will be pleasant to know that the property is 474 restaurants away from residents and a lack of choice for cuisine satisfaction. And over all of this, the building has been given a silver certification by the LEED Canada, which means that one can avail of all the luxuries of this space without the attending green conscience scare that so many other metropolises are ridden with.

1121 Seymour + Davie
1121 Seymour + Davie

Arc Vancouver

The Arc Vancouver is perhaps one of the most ambitious and conspicuous developments of the area, despite the fact that it is, well, a development, and not a finished project. True to its name, The Arc carries forward the tradition of triumphal arcs built on steppes and sand and asphalt since time immemorial, just that this one is built of two separate towers! The concrete-and-glass behemoths will be connected by two- or three-storey sky-bridges. In addition to the wealth of Yaletown around it, The Arc will provide special pedestrian plazas for their residents.

Developments like the Smithe, Viva tower, and 498 Drake Street focus on the region’s marriage of the urban and the traditional – based on its historical mix of older commercial and newer residential living – while designing condos, which is why it has a floor of retail and three floors of official space reserved from its twenty-six storeys of spotless and elegant boutique property living.

498 Drake St
498 Drake St in Yaletown. Image source: Skyrise Cities

All in all, condo property in Yaletown focuses on bringing a new sort of urban living into this new heart of Vancouver, one blending sophisticated private living with active community lifestyles.

 

See other Yaletown Developments

1335 Howe -Sales from $1,769,900

The Charleson – Sales from$3,600,000

902 Davie Street

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Condominium Culture in Yaletown Real Estate Riding High

Presented by some as Vancouver’s challenge to the Manhattan’s Soho, Yaletown is a thriving district which is emerging as an area for hot property deals thanks to its enthusiastic start-up culture and increased number of popular recreational service providers.

New Condominium Boom in Yelowtown

This is also due in no small part to its new immersion in condominium culture. With many new condo projects like, 1335 How (Onni)The Charleston(Onni) and 8X On The Park, both pre-sale condos, the emphasis is on uber-urban living spaces that provide proximity to social watering holes, new-age entertainment and recreational facilities, while also granting aesthetics of residence as high a priority as luxury. Yaletown, in other words, wants to live beautifully and busily, nudging its social spaces to rise up to the challenge.

1335 Howe by Onni
1335 Howe by Onni – customizable home near Yelwtown district. Image source: Onni Group

This emphasis on aesthetics is by no means superficial and transient. Yaletown has always been a district careful of appearances and the impressions they generate. Real estate developments just prior to the current phase would focus on maintaining the old logic of stepping, adhering to the natural slope of the region and aligning heritage cornices with newer structures. For instance, Amacon’s project, the 118-150 Robson, proposes to rework the Northern Electric Company Building, a structure from Yaletown’s ‘heritage’ period as a warehouse district, into a new high-end structure offering above four thousand acres of commercial space, apart from 125 condominiums and a hotel.

Rise in Price/Square Feet

As for hard figures, the average cost for condos in Yaletown was last recorded in the range of $800 to $ 1000 per square foot, with one bedroom condos starting at $340,000, while the price of the average condo hovers around $555,000. After reaching an April ’17 peak of $890.000 in median price for condos, recent figures have stabilized in the sub-$830,000 region. And the fact of the neighborhood’s immersion is reflected in the fact that these figures are only slightly higher than the median figures for all housing in the same period.

A boom-buyer shift is imminent in Vancouver in general, and in sites such as the condo-rich Yaletown in particular, with millennial residents likely to stay while most of the residents who are older are planning moving out into smaller, even rural, areas, so long as they offer certain securities, such as focus on healthcare. Again, the millennial urge to stay on in Yaletown is down to its thriving youth culture, centered around new enterprises and the choicest varieties of recreational services. All of this, nonetheless, is leading to an alarming gap between sky-rocketing estate costs and relatively sluggish incomes.

But none of this stops the average millennial from either retaining condominium property in the area or purchasing new condo estate: listings for one- and two-bedroom condos dropped between April and June, while new listings for three bedroom condos increased by more than 50%. indicating both the relish with which customers lapped up relatively affordable condos, depleting demand, as well as the aspirational tendency for higher buys speculated by home-owners and property agents. All of which leads to a number of new pre-sale condos all with unique features: 1121 Seymour Residences, the Arc Vancouver, and 498 Drake Street, among others.

The condo wave, in other words, is still riding high.

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Discover Yaletown – The most Happening Place in Vancouver!

At some coffee shop, you will find out from the tables around you, students discussing the sky-high costs of the city’s rent, girlfriends searching for ketchup to go with their cheese and ham croissants, and a trio of briefcase-toting experts comparing caterers for their office party. Yes! This is Yaletown life. You’ve got things to do, places to go, and people to know around Yaletown, Vancouver. It offers a very active lifestyle, beautiful condos, and the people here are really kind. Despite being a big city, it gives a great neighbourhood feel. Placed in between some of the city’s busiest lanes, Yaletown is small but crowded. Among the most patios in all over Vancouver, Yaletown is perfect for people – watching, eating, and travelling around some remarkable boutiques that aren’t found in another place. Here, you will feel like a Vancouver inhabitant. This little corner is one of the best places to live in the world.

Get a Look at a Few of the Great Things Yaletown Life Offers:

What to see and do in Yaletown?

The waterfront parks in Yaletown are a big attraction. The biggest green spaces: David Lam Park and George Wainborn Park get connected through the city’s Seawall, which runs right along the water. From walking and jogging to biking and inline skating along the Seawall, you can enjoy to the core; along with the excellent public art sprinkled along the waterfront. The neighbourhood’s chronological roots are also apparent in the form of Engine 374, pulled the foremost transcontinental traveller train into the city in 1887, on show at the Roundhouse Community Centre.

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How to Satiate your Appetite?

The platforms of old redbrick warehouses, which were once built to allow for simple loading of textiles onto trains to be sent back east are now redesigned as luminous, metropolitan patios for the ideal brunch, afternoon drinks, and great dinners. Yaletown is a wonderful place for a festive seafood dinner, a tranquil bistro meal or a comfortable family feast. You can stroll the area to choose from a bunch of dining options to have sumptuous food in Yaletown. You just need some time to discover the area’s cocktail scene and nightlife after that – with elegant lounges, sparkling and vivacious neighbourhood pubs, and clubs with lively dance floor-filling. Now, you must be craving to get the flight to spend the evening in this amazing and sparkling place!

Treat for shopaholics:

Yaletown has worth mentioning local shopping options for shopaholics as well as window shoppers. You will definitely love the stylish boutiques, gracious service, and exclusive items that the typically locally-owned shops offer. From fashionable to designer home-wares, the stores in this vicinity are peculiar, trendy, modish, and a lot of fun. You can explore Yaletown’s chic dog clothing, contemporary bathtubs, and historic chapeaus. No doubt it is the one place for the entire expert and sophisticated shopping, the most professional beauty services, and the on-trend fashions.

Excited Shopping Woman isolated on white

To conclude, let us tell you that Rogers Arena, BC Place, and QE Theatre are only a short walk away from Yaletown. Just get the tickets to experience the best concerts and sporting events there!

 

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Yaletown – A Perfect Cocktail for the Travellers

yaletown
Yaletown

Yaletown, once an unknown land has now become as vital as the fluffiness of a cake to the city of Vancouver. It is now a high-end district with a combination of richness, beauty, art galleries, classy restaurants, cafes, expensive boutiques, high-rise commercial buildings, and latest residential developments.

Today, Yaletown is the warehouse district of Vancouver. It is vibrant, lively and walkable, making the gleaming residential buildings some of the most coveted in the Vancouver city.

This is the present of Yaletown, but for every present, there is a past.

During the early 80s, Yaletown was a flourishing industrial heart of the city of Vancouver. Also, in the year 1886, Yaletown was a western terminus of the Canadian Pacific Railway. Yaletown has been named after the town of Yale that moved its settlement as the Canadian Pacific Railway established its works yards alongside the Northern edge of False Creek.

Though Yaletown may look small on the map, it is surely a denser and important part of the Vancouver city. The perfect region for indulging in food, exploring beautiful sights and enjoying a night life.

Unravelling Days and Nights of Yaletown


When heritage dated modern, a historic district called Yaletown was born. Yaletown is a stylish district that is an incredible combination of a sophisticated and cosmopolitan atmosphere and the friendly attitude found at boutique stores and local restaurants.

Yaletown life has lots in store for everyone. Whether you are a traveller, wanderer or looking for a family getaway or romantic evening, Yaletown allows all articulate their lives in the best forms.

The tranquillity of an oceanfront seawall, sidewalk cafes, trendy and fashionable patios, out of the box shopping options and green leafy parks have made Yaletown and the life in the district the chicest place to hang out in Vancouver.

This is not all, if one wants to get lost in a maze, explore the much-admired restaurants and eclectic shops set along heritage brick walkways. Yaletown is believed to be Vancouver’s premier dining district. Would you believe us if we say, it is home to almost 80 food and beverage eating joints within a 3-block radius?

If the next destination on your itinerary is Yaletown, here are some of the things that you should know to experience the best of Yaletown life:

Spring time in Vancouver???????? PS. New blogpost will be up later this week!

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  •    Satiate your palate! Yaletown has award winning world-class restaurants with covered patios and inevitably requires a stopover.
  •    Take that much-loved ride to or from Yaletown district on Aquabus or False Creek Ferries.
  •    Get indulged and pampered at Blo, Noir Lash Lounge, Pure Nail Bar and Bombay Brow Bar.
  •    Delight in locally brewed beer at Yaletown Brewing Co. and Prohibition Tasting Room.
  •    Go high! The most happening part of Yaletown is its nightlife. There is always something exciting taking place in the district.

Wait until the sun goes down we gon make this bitch light up… #lightupthenight #aceofspades Photo: @justjash

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The list is infinite!

There’s an old saying: “When in Rome be like a Roman.” The saying implies if you want to enjoy the very essence of a place, you have to be in sync with its style. We’ll say, if you want to relish the Yaletown life – do how the people in Yaletown do. After all, this is one place that allows you to actually live like a Vancouverite.    

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The Story of the Last Month – Low Supply and Tumbling Sales

Justin trudeau in Vancouver
Justin trudeau in Vancouver

The month of February has limited days and so was the housing supply and home sales across Vancouver in the month – Limited! What a coincidence!

The residential sales in Vancouver dropped dramatically in February 2017 juxtaposed to last year’s record-breaking leap. According to The Real Estate Board of Greater Vancouver, the reason for such a low housing sale is a limitation in the supply of listings and an abnormally snowy start to the year that had an effect on the Vancouver housing market.

There were 3,666 new listings in the February month; this is an almost 37 % fall from February 2016 and an 11 percent decline from the month of January. According to the board, this is the lowest number of new listings registered in February since 2003.

condosinyaletown.com
Vancouver listing February 2017 vs February 2016

The Board mentioned that the housing sales amounted to 2,425 in February, which is approximately a 42% drop from the same month last year. Nevertheless, the residential sales went up an almost 59%, compared to the month of January 2017.

The board further shared more information about the market drop in February. It said that the number of housing properties that got transferred in the month was 7.7%, which is just below the 10-year sales average for February.

The President of the Board, Dan Morrison remarked, “If you go to the store and there’s no bread on the shelf, you don’t buy it.” He further said, “While home sales are not happening at the pace we experienced last year, home seller supply is still struggling to keep up with today’s demand. This is why we’ve seen little downward pressure on home prices, particularly in the condominium and townhome markets.”

Morrison indicated that for months individuals had held a “wait and see” approach towards the housing market that had already begin to cool off before the foreign buyer’s tax was announced by the British Columbia government in Metro Vancouver in August 2016.

Although, Morrison has hope for he mentioned that the signs indicating the return of confidence in the Vancouver real estate market have surfaced. The sales-to-active listings ratio in February was 31.9%, a 10 percentage point surge from the first month of 2017.

Greater Vancouver Condo Values Rise & Benchmark Prices for Properties

The price of condos and townhouses in Greater Vancouver is rising despite of the sinking sales. As discussed above, the sales fell to a considerable extent as compared to last year.

The MLS® Home Price Index composite benchmark price is a representation of the cost of a typical property in the city. The present benchmark price in Metro Vancouver is $906,700, low by 2.8% over the previous six months.

The Real Estate Board said that the benchmark price for detached housing properties is $1.47 million. This figure showcases a 6.5 percent drop over the preceding six months, and there has been no change in the numbers compared to January 2017. On the other hand, the benchmark price for condominiums was $526,300. The price has taken a 2.3 jump over the previous six months.

Let’s sign off by using a statement by Tom Davidoff regarding the matter, “Certainly; I don’t think we’re done with the downward pressures. They still exist.”

Now, let’s see how the coming months for Metro Vancouver’s real estate market unfurl.

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Snowfall warning in effect for Metro Vancouver

Drive Safe everyone!

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The Ups And Downs of Vancouver Real Estate Market

Past Scenario

Housing in Vancouver was one of the biggest stories of 2016. A year ago, the Vancouver real estate market was described as a hot and sizzling market. The housing prices in Vancouver took a great leap and mushroomed over the year. These high rates were considered to be a boon for some and bane for others since after the evaluation, the cost of properties increased by double digits; in a few cases, the costs were raised by 40%.

In March 2016, the yearly homelessness count in Vancouver showed the highest number of people sleeping outside in ten years. Further, in June, the value of single detached houses and condos shot up by 40 and 25 percent respectively. The Finance Minister, Mike de Jong made an announcement of imposing 15 percent tax on foreign nationals. Along with this tax, the Vancouver city was also introduced to empty homes tax and new policies concerning the rental markets. The drastic increase in real estate prices affected the rental market as well.

The Present Situation

In the words of Dan Morrison, Real Estate Board of Greater Vancouver (REBGV) president, “It (2016) was an eventful year for real estate in Metro Vancouver. Escalating prices caused by low supply and strong home buyer demand brought more attention to the market than ever before.” Moreover, the Metro Vancouver real estate market experienced its third highest selling year on record in 2016, behind only 2015 and 2005.

Though, the recent updates have shown that the total number of houses vended in Greater Vancouver dropped more than 22 % in December in contrast with the preceding month. President Dan Morrison said that sales might have slowly risen, but the property costs have not dropped significantly.

According to the calculation, made by the real estate board, the benchmark price for apartments has escalated by 27 % from July 2015 to July 2016.  On the other hand, the price for townhomes has hiked by 29 percent, which is equal to the upper range from B.C. Assessment. Morrison said that it would take a little while for the market to familiarise with the changes that are taking place, and that the limited supply is the reason for a rise in the prices.

Future Forecast

According to Royal LePage, CEO Phil Soper and the latest predictions by real estate groups and financial institutions, the long-awaited corrections required in Vancouver’s inflamed housing market may be just around the corner. It has been forecasted that prices are headed for a double-digit decline in 2017 as the purchasers are dropping out of the housing market.

A report released last month by the B.C. Real Estate Association anticipated an 8.7% fall in housing costs in the area for 2017 with the average MLS value dipping from $1.03 million in 2016 to $940,000 next year. Similarly, in the month of October, the National Bank foretold a 20% drop in the rate of detached houses in Vancouver, a 9% drop for attached houses, and a 5 % decline in the prices of condos.

To these predictions, the economist at University of B.C., Tom Davidoff stated that ‘There’s no question the market is getting buffeted by headwinds.’ He also said that these mid-range conjectures are targeting on a modest correction after months of sinking sales in the Greater Vancouver market.

Besides, for Davidoff, Canada will always remain a prized destination and haven in a tumultuous world. “Having a stable democracy with a beautiful environment, over time, is going to be a real strength of Vancouver,” he said.

 

December Vancouver Real Estate pricing
December Vancouver Real Estate pricing. Source: REBGV

 

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Most Expensive Cities to Live In 2016

All are aware of the fact that the sun rises in the east and night falls in the west. Now, whichever part of the world you live in, this fact doesn’t change, but the aura, taste and stories of every city differ all over the world. Hence, every city has its own philosophy and certainly different ways of philosophizing.

Now, to look at the pragmatic side of the picture, the cost of living in a particular city has divided the cities into various segments. The most expensive cities to live in 2016 will be explored here.

According to the latest annual Cost of Living survey, conducted by the investment consultancy firm Mercer, the below-listed cities are the world’s most expensive cities.

1. Singapore

Marina Barrage in Singapore
Marina Barrage in Singapore. Credit to Jason Goh

With beautiful locations and the largest business centre in the world, Singapore, the only island city-state has become one of the most expensive cities in the world to live. With high-rise price tags,

With beautiful locations and the largest business centre in the world, Singapore, the only island city-state has become one of the most expensive cities in the world to live. With high-rise price tags, the cost per square metre of buying an apartment in Singapore is about 23,426.05 S$.

2. Zürich , Switzerland

Zürich , Switzerland
Zürich , Switzerland. source: Tourist Destinations

Zurich is a global city that has the world’s largest banks and financial institutes. According to the survey, Zurich has the best standard of living life. The current price to afford an apartment in City Centre, Zurich is 13,071.43 Fr. per square metre.

 

3. Hong Kong, China

Hong Kong Skyline
Hong Kong Skyline. Credit to Unsplash

Hong Kong is officially known as a special administrative region of the People’s Republic of China. The city boasts of modern architecture. Hong Kong has sky-high prices to match the sky-high setting. In Hong Kong, the present price of an apartment per square metre is 185,282.05 HK$.

4. Geneva, Switzerland

Geneva,Switzerland
Geneva, Switzerland. Credit to http://www.iises.net/current-conferences/academic/32nd-international-academic-conference-genevaIISES

For living in Geneva, you have to spend some extravagant prices for entertainment and pleasure, yet a falling currency has compensated its cost of living for emigrants. To buy an apartment in Geneva, the price you will have to pay is 12,500.00 Fr. per square metre.

5. New York, U.S.A.

New York, USA
New York, USA. Credit to A.H.


Economic Intelligence Unit stated in its report that
“a stronger dollar and localised inflation mean that New York continues to become more expensive relative to its global peers”. 13, 131.47 $ per square metre is the price that you will have to pay to purchase a property in City Centre, New York.

There are other cities including Los Angeles, Tokyo, Shanghai, Seoul, Copenhagen, and Vancouver with the exorbitant rise in prices that have also made it to the list of world’s most expensive cities.

Have you already started dreaming of living in one of these cities? Hope your bank balance is deep enough to fulfill your grand dreams.

Factors That Led These Cities to be on Top of the List

The survey was based on a comparison between product prices to conclude the world’s most expensive cities. The assessed products included food, drinks, transport, clothing, housing, housing goods and recreation. Further, New York City costs were used as a relative baseline and US dollar as the relative currency.

Before the survey was released, it was preconceived that the western countries will hold the maximum places on the list, but the south-east Asian and African countries have surprisingly hit the top positions on the list.

On the other hand, the US dollar has fairly risen in comparison to the Canadian dollar. The rank of cities in Canada has persistently dropped because of the feeble Canadian dollar. Canada’s highest-ranked city, Vancouver clearly hacked down 23 positions lower. Since the cost of living in Vancouver has dropped, people’s hopes for living in this city have awakened once again. After all, the city has always been ranked amongst the top livable cities in the world.