How expensive is Victoria?

I'm curious, how would you describe the cost of living in Victoria? Is it considered an expensive place to reside in compared to other cities in the region or country? Are there specific aspects of daily life, such as housing, transportation, or groceries, that drive up the cost of living significantly? And how does the cost of living in Victoria compare to other major cities globally? It would be great to get a comprehensive understanding of the financial implications of living in this city.