The paper computes the approximate true cost of living indexes from the time series data on price and quantity of nine broadly defined goods and services to show that the cost of living increased faster for the rich in Canada during the three decades. This is due mainly to an increase in ...
Cost of living in Canada Although Canadian student visa requirements say you must have at least CA$10,000 (~US$7,570) (or CA$11,000/~US$8,300 if studying in Quebec) on top of your tuition fees, you’ll likely need to budget much more than this for your living expenses. Your livi...
The weak demand could be the reluctance of households to move into senior residences during the COVID-19 pandemic. Despite the increase in vacancy rates, rents increased in all provinces due to the rising cost of living and other essentials. Quebec posted the highest capture rate in the ...
The Canadian government has announced that it will raise the federal minimum wage from $15.55 to $16.65 per hour on April 1, 2023. Employment and Social Development Canada (ESDC) says this increase is to keep pace withinflation, which rose by 6.8 per cent in 2022. 📢 Attention! The fede...
After all, I’ve basically grown up right across the border from our great neighbors to the north and know all about the pros of living in Canada and even some of the cons of living in Canada too! So, if you’re considering moving to Canada and want to know what it’s really like...
As interest rates rise and mortgages are more expensive, landlords are continuing to increase rents to cover their own costs. Additionally, between 2021-2022, the price of food rose 11% on average. The average four-person household in Canada can now expect to spend $16,...
Overall, however, Budget 2024 signals a more-of-the-same approach to fostering productivity at a time when bold action is needed. It lacks a clear change strategy to catalyze a new era of productivity growth. And it includes new measures—like the capital gains tax increase—that will signal...
A recent Orion survey of travelers under age 65, highlights a 19% increase of respondents who rely on their employee benefits or credit cards for travel insurance (compared to 2017). However, many are unaware of the hidden exclusions and lifetime limits that can leave them vulnerable during ti...
The most recent StatCan data from May indicates that here at home, our national consumer inflation went up 7.7 per cent from May 2021 to May 2022, marking "the largest yearly increase since January 1983 and up from a 6.8% gain in April." Suppliers should.make more...lions share of food...
higher rates they will have to sign up for as their loans come up for renewal. scores of canadians whose mortgages are rolling into a new term continue to face higher monthly payments. that has been a main driver of the increase in consumer prices. but falling borrowing costs mean those mo...