It now costs more to afford basic necessities in Calgary than in Vancouver, Toronto: StatsCan (www.cbc.ca)

submitted 2 years ago by grte@lemmy.ca to c/canada@lemmy.ca

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[-] CanadaPlus@futurology.today 19 points 2 years ago

While housing costs are widely known to cost more in Canada's two largest cities, he said other goods and services cost more in Alberta — like electricity and insurance, for example.

Huh, I guess burning natural gas isn't the panacea certain people are selling it as. Not sure what the deal is with insurance, though.

The article also notes that incomes are higher, although that's bouyed up by a minority of really high earners, so it doesn't mean too much.

[-] undercrust@lemmy.ca 26 points 2 years ago* (last edited 2 years ago)

The UCP government removed a cap on private insurance premium increases during their last term, saying that the Alberta NDP's cap on insurance premiums would harm the province's competition for pricing for insurance.

Since the time the UCP removed that premium cap that the Alberta NDP had put in place, most people have seen their car insurance premiums jump to 150% - 200% of what it had previously been, and home insurance premiums have been rising more sharply as well.

Sure am glad the UCP protected those corporate profits instead of their constituents.