Vancouver’s Many Challenges and Frustrations
One of the most commonly cited reasons for frustration among Vancouver residents is the high cost of living. Vancouver consistently ranks among the most expensive cities in Canada and the world, with high prices for everything from housing to food to transportation. According to Numbeo, a cost of living comparison website, Vancouver ranks as the 5th most expensive city in Canada, with an overall cost of living index of 82.05 (compared to the national average of 65.00). Housing costs are particularly high in Vancouver, with the average price of a home in the city surpassing $1.43 million in 2023. This can make it difficult for many people to afford to live in Vancouver, especially for those on lower incomes.