Canadian cities feature in top 10 livable cities index

Credit to Author: Canadian Immigrant| Date: Thu, 04 Jul 2024 16:58:07 +0000

Two Canadian cities—Calgary and Vancouver—have made it to the list of top 10 cities to live in the world, according to the 2024 Economist Intelligence Unit (EIU)’s Global Livability Index that ranks living conditions in 173 different cities.

Four cities in western Europe—Vienna, Copenhagen, Zurich and Geneva—are among the top ten in this year’s survey cementing the region’s strong performance. Melbourne, Sydney, Auckland and Osaka are four Asia-Pacific cities in the top ten.

Housing affordability

While the a cost-of-living crisis continues in many countries, housing costs emerge as one of the stickiest elements of inflation.

The report highlights that this is particularly worrying in Canada, where the availability of rental properties is at an all-time low and purchase prices have continued to rise despite interest rate increases, further fuelling anti-immigration sentiment. Toronto has dropped out of the top ten (to 12th position) after two years, due to the significant shortfall in housing availability. Both of the Australian cities (Sydney and Melbourne) have slipped down the list for the same reason.

The rating looks at 30 qualitative and quantitative factors across five broad categories: stability, healthcare, culture and environment, education, and infrastructure (which includes housing).

For more information, visit the Economist Group’s website.

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