9 d. ago
Where Ontario stands among Canada's most expensive provinces
Canadians across the country are grappling with the cost-of-living crisis, but some regions are feeling it more than most, according to a new Statistics Canada report that reveals which provinces are the most expensive to live in.The study, titled "Purchasing Power Parities for Consumption and Household Income Across the Canadian Provinces and Territories," is the first of its kind in Canada and shares new evidence on the differences in purchasing power between provinces and territories."The standard of living from earning $75,000 in one province or territory is not the same as earning that amount in another province or territory if the cost of living differs in each location," explained StatCan in a news release on Thursday.The findings, which are based on data from 2021, show which provinces had the highest cost of living, the lowest household disposable income, and the value of "social transfers," or public services.The ...
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