Toronto, ON was named the best overall city to live in

Toronto, ON was named the best overall city to live in, by the U.K.-based magazine, The Economist.

Factors that were taken into account for the ranking were based on business environment, democracy, food security, safety and livability indices.

Although the overall rank was #1; Toronto was placed 4th on two of the indices: the Business Environment and Livability rankings, and only #8 in the Safe Cities category. Tokyo was #1 in this category based on indices that included pedestrian friendliness. One of my colleagues who was there a couple of weeks ago, did mention to me,

that he was impressed by the pedestrian friendly streets in Tokyo (besides other things that fascinated him).

Toronto’s lowest ranking was in the cost of living index, in which it ranked #70, exactly in the middle, out of the 140 cities

that were under consideration for this survey.

Yet the prices of condos in Toronto are lower than in most major cities of the world, making it attractive for foreign investors.