Cost of Living on the Rise: Food, Taxes, Housing See Increases While Some Expenses Hold Steady
-
Food prices projected to increase 2.5-4.5% in 2024, with meat, bakery, and vegetables seeing the biggest jumps
-
Housing costs forecast to rise moderately, with detached homes in Greater Vancouver increasing 2.5%
-
Payroll taxes going up $348 for employees and $366 for employers due to EI and CPP contribution hikes
-
Many municipalities hiking property taxes, some by double digits like Osoyoos at 39.3%
-
Better news on auto insurance, natural gas, and childcare costs - stable or decreasing in 2024