Cost of Living on the Rise: Fees, Food, Housing and More See Steep Increases Across BC for 2024
• Recreation fees like swimming pool and skating rink entrance fees are increasing across BC municipalities, with some places seeing increases of 15% or more.
• Food prices are forecast to rise 2.5-4.5% in BC, slightly above national average, with meat and vegetables seeing the largest increases.
• Housing costs continue rising - rental increases capped at 3.5%, but mortgage renewals will be much higher due to interest rate hikes. House prices forecast to rise moderately.
• Phone and TV subscription plans are increasing by $5-8 per month on average.
• Other necessities like dental procedures, BC Ferries fares, electricity, and gas also seeing above-inflation increases in 2024.