The economy of Canada is one of the world’s wealthiest, with a high per-capita income, and it is a member of the Organisation for Economic Co-operation and Development (OECD) and the G8. It is one of the world’s top ten trading nations.
Vancouver is a coastal city located in the Lower Mainland of British Columbia, Canada. With its location on the Pacific Rim and at the western terminus of Canada’s transcontinental highway and rail routes, Vancouver is one of the nation’s largest industrial centres. The Port of Vancouver, Canada’s largest and most diversified, does trade with over 130 different economies annually. Vancouver is also the headquarters of forest product and mining companies. In recent years, Vancouver has become an increasingly important centre for software development, biotechnology and a vibrant film industry.
Vancouver has an overall cost of living index which equates it with high cost of living locations. The overall cost of living index is comprised of the prices for defined quantities of the same goods and services across all 13 Basket Groups.
The latest cost of living rank for each of the 13 Basket Groups is now available.