Toronto makes the list of the world’s most expensive cities

We stumbled upon a study, released yesterday, that tells us something a lot of people already suspected: Toronto is one of the priciest cities in the world. Swiss firm UBS AG put together a number of lists of the most expensive cities around the globe, but no matter how the data is sliced Toronto ranks in the top 20—and in one case, the top 10. By some measurements Toronto is even pricier than New York—but rents have to be ignored to get there, so it’s difficult to say how useful that is. In any case, the numbers can be used to support some interesting arguments, including whether Toronto is becoming too expensive for families to live in (as Philip Preville suggests in the cover story of the latest issue of Toronto Life). Read the full UBS report here »