The median mortgage payment is over 50% of the median income, which historically should be 30%. Houses are over 60%. But the numbers are getting better than their 2023 records highs.
Our biggest grocers were fixing bread prices for over a decade and were only given a slap in the wrist. People can ask for a $20 rebate.
Almost all of our grocery stores are owned by 3 companies (Loblaws, Metro, and Sobeys (made up of former Loblaws employees)). 3 companies own almost all our phone providers, so they gouge prices too.
You can really see a trend — we seem to concentrate all our industries into 3 or so companies and the competition bureau thinks that’s fine. Historically I think that’s because we were a colony and got too used to being exploited and having our wealth shipped off.
How bad do you guys have it over in Canada in terms of cost of living crisis?
It’s not great.
The median mortgage payment is over 50% of the median income, which historically should be 30%. Houses are over 60%. But the numbers are getting better than their 2023 records highs.
Our biggest grocers were fixing bread prices for over a decade and were only given a slap in the wrist. People can ask for a $20 rebate.
Almost all of our grocery stores are owned by 3 companies (Loblaws, Metro, and Sobeys (made up of former Loblaws employees)). 3 companies own almost all our phone providers, so they gouge prices too.
You can really see a trend — we seem to concentrate all our industries into 3 or so companies and the competition bureau thinks that’s fine. Historically I think that’s because we were a colony and got too used to being exploited and having our wealth shipped off.
Bread is distressingly expensive because of price fixing.