Tag: Canada cost of living
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A $50K Salary In 1980 Could Be Equivalent To Roughly $250K Today
A growing conversation around affordability and generational wealth is gaining attention online after comparisons showed how far a middle-class salary once stretched compared to today. According to inflation calculators and historical economic data, a $50,000 salary in 1980 could be roughly equivalent to earning around $250,000 annually today depending on the inflation measure used. The…
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Canada Has Fallen From 2nd To 19th In Global “Best Countries” Ranking Since 2016
Canada has dropped to 19th place in the latest global “Best Countries” rankings published by U.S. News & World Report – a major decline from its 2nd place ranking in 2016. The rankings evaluate countries across a wide range of categories, including: Canada received an overall score of 69.5 out of 100 in the latest…
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4.5 Million Canadians Are Now Living Below The Poverty Line
Canada’s cost-of-living crisis is still showing up in the data. New Statistics Canada numbers show that 11.0% of Canadians lived below the poverty line in 2024, representing approximately 4.5 million people. That is almost unchanged from 2023, when the poverty rate was 11.1%. The data suggests that while inflation has cooled from its peak, many…
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Canada’s Rental Crisis Moves East: Nova Scotia Now Least Affordable Province
Canada’s rental market shows signs of improvement overall, but the picture varies widely across the country. A recent Rentals.ca report indicates that while the rent-to-income gap has narrowed slightly since peaking in early 2023, affordability remains a challenge for most provinces. Only Alberta meets the commonly used threshold for affordability, where median households spend 30% or less of their…
Canada Housing Market 