Leesa Nananne

Cost Of Living Increase 2024 Ontario Housing. The cost of living in ontario is $2255, which is 1.22 times more expensive than the average in canada. The federal government has expanded its public lands bank by 56 properties, aiming to increase the supply of affordable housing across canada.

Below, i’ll break down the average cost of living in ontario by explaining the consumer price index and common costs for housing, food, insurance, transportation, and other necessities. Along with the rate cuts previously in place, this extension is expected to save households $260 on average since the cuts were first implemented in july 2022.