Posted 1/1/2024, 10:00:00 PM
Cost of Living on the Rise for BC Residents in 2024
- Food prices expected to increase 2.5-4.5% in 2024, costing a family of 4 an extra $700 per year
- Home prices in Vancouver predicted to rise 3% in 2024; renters likely to see increases after rent cap lifted
- Carbon tax increasing by 3 cents/litre in 2024, costing BC drivers more
- Electricity rates going up 6.74% for FortisBC customers, costing $11 more per month
- BC Ferries fares to increase average of 3.2% annually over next 4 years