How bad is the cost of living crisis in Canada? - eviltoast

I watched this YouTube video https://youtu.be/WP-ktk7Tt6w?si=hnKOC08_KYGn8UBW

How bad is it over there and how widespread? As a foreigner I thought my country was bad. How bad is it for people on average wages? Is it really hard to pay the rent and put food on the table or is that just a small minority who don’t know how to manage their money?

  • Frédéric Savard@lemmings.sopelj.ca
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    1 year ago

    It depends where. BC and Ontario, most notably Vancouver and Toronto city, are completely absurd. Québec and the maritimes are fine. A bungalow that goes for 1.5 million dollars in Toronto or Vancouver is about 200-300k$ elsewhere. My house is worth something along those lines nowadays. People just need to move around a bit more instead of being held hostage in those 2 cities. Montreal is just as big, and houses can be gotten for 400-500k there.

    • Victor Villas@lemmy.ca
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      1 year ago

      Montreal is the only real option if one aims to keep a somewhat similar urban experience as Vancouver and Toronto…