07/23/2013 11:30 EDT | Updated 09/22/2013 05:12 EDT

Vancouver Most Expensive City In Canada: Mercer Survey


TORONTO - A new study says Vancouver is the most expensive city in Canada, but it doesn't crack the top 10 as one of the costliest cities for expatriate employees to be transferred to because of their jobs.

Mercer's 2013 Cost of Living Survey says Canadian cites, overall, moved down in the ranking this year due to a slight decrease in the Canadian dollar against the U.S. dollar.

The city of Luanada in Angola is the world's most expensive city for expats, followed by Moscow where a cup of coffee can cost $8.29.

The study also says the cost of housing for expats is usually the biggest expense for employers. A luxury two-bedroom unfurnished apartment in Moscow costs $4,600 a month.

Rounding out the top five most expensive cities for expats Tokyo, Ndjamena in Chad and Singapore.

Other expensive cities on the top 10 list are: Hong Kong, Switzerland's Geneva, Zurich and Bern and Sydney, Australia.

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Photo gallery Mercer's 2012 Quality of Life Rankings See Gallery