CanadaPolitics

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How bad is the cost of living crisis in Canada? (self.canadapolitics)

submitted 2 years ago by kiwiheretic to c/canadapolitics

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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?

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[–] grte 30 points 2 years ago* (last edited 2 years ago) (1 children)

You have to understand that's a video released by the leader of the official opposition so it's going to be pretty, uh, slanted. Yes, we're having cost of living problems like everywhere else. Our housing is a huge sore point. But you're from New Zealand...? I'm guessing? So I imagine you know pretty well about that, and our inflation is something like half yours. Society isn't on the verge of collapse.

[–] Grimpen 8 points 2 years ago

I'll add that Canada is pretty big, and there's lots of regional variation. Assuming OP is from New Zealand, I think we're pretty on par.

Vancouver and Toronto are saving the most expensive cities in the world, but Fraser Lake isn't.