Canada’s affordability attracts immigrant entrepreneurs through the Start-Up Visa program
Canadian cities are more affordable than many other metropolises of the world, according to an annual survey conducted by an American asset management firm. The most expensive Canadian city – Vancouver, is ranked 93rd in the Mercer 2021 Cost of Living City Ranking report, making Canada one of the most prosperous and affordable countries. Other Canadian cities listed in the ranking are Toronto ranked 98th, Montreal 129th, Calgary 145th, and Ottawa 156th. During the COVID-19 pandemic, companies throughout the world were looking for opportunities to replace traditional long-term assignments with alternative, less costly forms of mobility. Canada’s Start-Up Visa program with more reasonable requirements attracts more and more foreign entrepreneurs every year.