Saturday, July 23, 2011

Moving to Toronto

Today we look at moving to Toronto in Canada from Sao Paulo in Brazil. We highlight cost of living and other major differences likely to be experienced in our series of short blogs on moving between different international locations.
In Sao Paulo people speak Portuguese. In Toronto people speak English and French (both official). Sao Paulo, the capital of the state of Sao Paulo, is largest city in Brazil, the largest city in the southern hemisphere, and the world's 7th largest metropolitan area.

Toronto is the most populous city in Canada and the provincial capital of Ontario. Sao Paulo's economy has traditionally been industrial, but it has become increasingly based on the tertiary sector, focusing on services and businesses for the country and is the Brazilian HQ for a large number of foreign corporations. Toronto is a major international centre for business and finance. Generally considered the financial capital of Canada, Toronto has a high concentration of banks and brokerage firms. The Toronto Stock Exchange is one of the world's largest. All of the Big Five banks of Canada are headquartered in Toronto, as are a majority of Canada's corporations.

The overall cost of living rank in Sao Paulo is 2 out of 300 global locations, which equates it with high cost of living locations. An expatriate moving from Sao Paulo to Toronto which has an overall cost of living rank of 33, which equates it with high cost of living locations, will experience a change in cost of living of -26.5%.
In terms of the hardship people are likely to experience, assessed in global terms, Toronto is ranked as a minimal hardship location with a hardship index of 10% compared to Sao Paulo with a hardship index of 20% which is a some hardship location.

Source: as at July 2011.

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