What is the Most Affordable Place to Live in Canada? What is the Most Expensive Place to Live?

Thinking about finding an affordable place to live? For the second year in a row Mercer consulting has labelled Ottawa the cheapest of Canada's five largest cities to live in.

"The company, which annually ranks more than 200 metropolitan centres worldwide based on their affordability for visitors, said rent prices remain reasonable in the nation’s capital, while the price of transport, food, clothing, household goods and entertainment have also remained lower than in other parts of the country."

"Toronto led as the most expensive Canadian city. The city jumped 17 spots on the Mercer study, when compared to last year, bypassing Vancouver, which has held the title of most-expensive Canadian city for years."

But what is the most expensive city in the world to live in?

"The firm said the most expensive city on the planet in 2011 is Luanda, Angola."

What is the cheapest city in the world to live in? Karachi, Pakistan. 

"London was ranked 18th, while New York, Los Angeles and Chicago were ranked 32nd, 77th and 108th respectively."

Excerpts are from the Ottawa Citizen.