Cost of living, rising inflation

[Gaon]

We are all feeling the effects of inflation. Petrol, electricity, home heating and houses are higher here in Vancouver than anywhere else in Canada. I thought we could use this thread to talk about rising prices and how they affect you.

[Gaon]

One of the reasons we emigrated is because Israel home ownership so expensive. Especially Tel Aviv. It is one of the most expensive cities in the world to own property. It has low wages too which makes the Israeli dream of buying a home out of reach for a lot of people.



Israel ranks second least affordable country to buy property in the world



The study examined average prices per square meter in addition to the average disposable household income in each country.



The study by Compare the Market examined average property prices per square meter in addition to the average disposable household income in each country to calculate the cost per square meter as a percentage of annual income. Israel came in second place as the least affordable country to buy property, behind South Korea which took the number one spot. Luxembourg came in third place.



Although Israel has a relatively low property price of US$7,598.98 per square meter, it has an average disposable income of US$24,863, meaning the affordability ratio came to around 30.6%.



In Israel, it is not only housing prices that are skyrocketing but also general cost of living.  In late 2021, The Economist named Tel Aviv, a metropolis by the sea, as the world's most expensive city for everything from shopping to cappuccinos.

https://www.jpost.com/israel-news/article-702046">https://www.jpost.com/israel-news/article-702046

[Anonymous]

We are all feeling the effects of inflation. Petrol, electricity, home heating and houses are higher here in Vancouver than anywhere else in Canada. I thought we could use this thread to talk about rising prices and how they affect you.

I like this thread Gaon.

 

Since 2015, the cost of everything has gone up......it coincided with the provincial carbon tax and closing down coal power plants.

[Anonymous]

Try farming if you want to see raging inflation. I aint trying to talk down the pain you city folks feel. But, when you own land, you need diesel and you have to ship your finished product, costs have shot up.

[Gaon]

This is what happens when people cannot afford to live where they are.



Rising inflation pushing residents out of Vancouver: economist



Summary

Inflation is higher than it has been in 30 years, which is likely pushing people to relocate from Vancouver: economist

People are likely to leave for cities where the cost of living is lower when they can work remotely, she says

While inflation is likely to decrease in the latter half of 2022, the impacts will be felt for longer

As if the city weren't already expensive enough, it's possible dramatic inflation could be pushing people out of Metro Vancouver, a Toronto economist says.



"We haven't seen this level of inflation in about 30 years, so yes, the Metro Vancouver area was always expensive to begin with, but I don't think most people have experienced in their working lives this level of rising prices," says Dr. Tu Nguyen, economist and ESC director at RSM Canada, an organization that provides tax and consulting services.



"It certainly is a once-in-a-lifetime event and experience."



Remote and flexible work environments have also made it easier for people to move to cheaper places without losing their jobs.



While the trend of people relocating to more affordable areas is not new, it has certainly been exacerbated by the booming cost of living.

https://vancouver.citynews.ca/2022/01/23/rising-inflation-vancouver-drain/">https://vancouver.citynews.ca/2022/01/2 ... ver-drain/">https://vancouver.citynews.ca/2022/01/23/rising-inflation-vancouver-drain/

[Anonymous]

This is a good thread. Bread and butter issues are what people care about not "climate change action," which is translated into higher costs, more green crony capitalism and no mortgage paying natural resource jobs.

[Anonymous]

After eighteen years of McGuinty/Wynn, we know all about high power costs in Ontario. We lost 300, 000 jobs because electricity here is more expensive than neighbouring jurisdictions. But, the cost of living has really accelerated in the past eighteen months. And I am single and live in a two bedroom condo. Think of families with kids living in detached houses. They are forced to trim spending.

[Anonymous]

After eighteen years of McGuinty/Wynn, we know all about high power costs in Ontario. We lost 300, 000 jobs because electricity here is more expensive than neighbouring jurisdictions. But, the cost of living has really accelerated in the past eighteen months. And I am single and live in a two bedroom condo. Think of families with kids living in detached houses. They are forced to trim spending.

Our monthly power bill has more than doubled in the last six years..



The last two years have seen the steepest increases.

[Anonymous]

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[Anonymous]

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That's how it happens.

[Oliver Clotheshoffe]

[Anonymous]

[Oliver Clotheshoffe]

In 2011, when Stephen Harper was prime minister and Brack Obama president, the CDN dollar was worth more than the greenback. Canadians were taking advantage of bargains in states like Arizona to buy second homes.

Damn Canadians! It's all their fault!  













 ac_toofunny

[Anonymous]

In 2011, when Stephen Harper was prime minister and Brack Obama president, the CDN dollar was worth more than the greenback. Canadians were taking advantage of bargains in states like Arizona to buy second homes.

Damn Canadians! It's all their fault!  













 ac_toofunny

I blame Harper.

[Anonymous]

If there is a silver lining, anyone looking to sell used vehicles will get a better price than they would have two years ago.