Posted 1/1/2024, 2:00:00 PM
Cost of Living on the Rise for BC Residents: Grocery, Utility, Rent, and Travel Expenses Increasing in 2024
- Grocery bills expected to increase 2.5-4.5% in 2024, adding $700 to the annual food bill for a family of 4
- Electricity rates rising 6.74% for FortisBC customers and 2.3% (proposed) for BC Hydro customers
- Rent increase capped at 3.5% by BC government for 2024
- Home prices forecast to rise 3% in Greater Vancouver, remaining the most expensive in Canada
- BC Ferries fares to increase an average of 3.2% annually over the next 4 years