Cost Of Living Increase 2024 Ontario Canada. Canadian consumers were clobbered by skyrocketing interest rates and stubbornly high price.  — the cost of living in ontario is $2255, which is 1.22 times more expensive than the average in canada.

 — toronto’s rate went up 9.5 per cent, edmonton approved an 8.9 per cent increase, calgary saw its taxes go up 7.8 per cent, and vancouver’s tax rate increased. The cost of living increase in ontario for 2024 is expected to be 5.32%.