Thursday, August 30, 2007

Vancouver and Toronto among world's most "liveable" cities

Vancouver, Toronto among world's most "liveable" cities

VANCOUVER -- Vancouver has been dubbed the most "liveable" city in the world for the fifth year in a row.

According to the British-based Economist Intelligence Unit, an Economist magazine affiliate, Vancouver offers the most exceptional quality of life of any of 132 cities polled this year.

Toronto placed fifth.

The survey rates cities on their attractiveness to business travellers.

Last year, an article in The Economist described Vancouver as a troubled city where "homeless panhandlers yell at theatre-goers, while young addicts deal drugs on street corners."

But that wasn't enough to knock Vancouver off the top, primarily because Vancouver is not considered to be at risk of a terrorist act like some U.S. and European cities.

The Economist noted that Vancouver has low crime, little threat from instability or terrorism and highly developed transportation and communications infrastructures.

By comparison, megacities such as New York, Tokyo, London and Paris suffer from "big city buzz," it said.

"Traffic congestion and higher crime rates associated with large urban centres have to some extent offset the obvious cultural gains of living in such location," the report stated.

"This is also compounded by fears that large centres like London and New York will remain targets for high-profile terror attacks."

No U.S. cities made it onto the Economist Intelligence Unit's top 10.

Read more about why Mississauga is such a great place to live

Toronto Real Estate Board (TREB) Average Prices and Graph

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS. 905-828-3434
FAX. 905-828-2829

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