Toronto is ranked number 15 because of its stability, crime levels, law enforcement effectiveness and host country international relations. The reason for the survey is:
“to help governments and multi-national companies compensate employees fairly.”
There are actually two separate lists, the Best Living Standards and the Personal Safety ranking. Toronto was listed as 17th in the world for personal safety ranking.
While rankings such as this might seem useless they can play a large part in how successful individual businesses will be in their chosen city. A high ranking can make your city look more attractive and therefore encourage more people to move there. This will naturally result in more profits and job creation for local businesses. A high number in this ranking can be used in tourism advertisements also. Brochure printing firms in Toronto can incorporate those facts into the literature that will eventually be available at tourism offices and hotels throughout the city.
Overall, the city deemed to have the Best Living Standard is Vienna, Austria. A senior researcher at Mercer is quoted as saying ““European cities in general continue to have high standards of living, because they enjoy advanced and modern city infrastructures combined with high-class medical, recreational and leisure facilities,”