Tag: cost of living
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Calgary’s Living Wage Rises to $26.50 an Hour as Cost of Living Surges
Calgary’s living wage has officially increased to $26.50 per hour, according to the latest Living Wage Alberta report for 2024/2025. The new rate reflects the rising cost of daily essentials across the city, including transportation, child-care, groceries, and housing. The updated estimate is now more than $10 higher than Alberta’s minimum wage, underscoring growing affordability pressures for workers and families…
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Why Gen Z and Millennials Are Fleeing Toronto and Vancouver (And Where They’re Going)
In recent years, a significant number of Gen Z and Millennials have been leaving major Canadian cities like Toronto and Vancouver. High living costs, housing affordability issues, and the rise of remote work opportunities are driving these younger generations to seek more sustainable lifestyles in other regions. Factors Driving the Exodus Skyrocketing Cost of Living…
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New report finds that the average Canadian family spends more money on taxes than basic necessities.
The latest edition of the Canadian Consumer Tax Index highlights a concerning trend: the tax burden on Canadian families has surged dramatically, with a staggering 2,705% increase in total taxes from 1961 to 2023. This rise is stark when compared to other essential expenditures such as shelter, food, and clothing, which have increased by 2,006%,…
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Canada doubling cost-of-living requirement for international students
Canada’s Minister of Immigration, Refugees, and Citizenship, Marc Miller, recently announced plans to increase the financial requirement for incoming international students, effective January 1. The existing $10,000 requirement for study permit applicants has been in place since the early 2000s, but Miller highlighted that this hasn’t kept pace with the rising cost of living in…
Canada Housing Market 