B.C. has the highest cost of living of any of the provinces, according to a new report by Westland Insurance.
British Columbia had the highest score of 79 out of 100. The study found that while median income in the province is third highest, at $42,060, it’s only 4.2 per cent of the local media house price. That’s the worst in the country, where the average was 10 per cent. The average house price in B.C. came in at $996,460 in 2022, over double the national average.
Ontario had the second highest cost of living, with a score of 71, followed by Alberta at 67. While housing was not as expensive in Alberta, people in that province pay some of the highest rates for childcare, groceries and utilities like water and electricity.
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