Cost Of Living Increase 2024 Ontario Canada 2024. Under the residential tenancies act, the guideline is capped at 2.5 per cent to help protect tenants from rising interest rates that would result in higher rent. As inflation has calmed in the past year the 2024 living wage rates have increased by an average of 3.4%.
For the most part the increase to this yearโs. The average cost of living for a couple in toronto is $3,326.50.
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